LONDON, UK, February 1, 2021 – GPM Development, a leading London-based software development and cloud hosting company specialising in insurance intermediary software and related services, has announced its deployment of the ACORD Conductor message orchestration service as part of its collaboration with ACORD, the standards-setting body for the global insurance industry.
GPM is one of the founding members of the ACORD Solutions Group Licensed Integrator Partner (LIP) program. The LIP program now includes over 25 of the core global (Re)Insurance Solution Providers, powering over 95% of the London Market, and a significant proportion of the global market. As part of this program, GPM will be deploying ACORD Conductor, the industry-owned, next-generation global message orchestration service, to enable digital messaging for its broker client base.
GPM will be harnessing ACORD Conductor as a fully integrated message orchestration service for existing London Market message flows, while adopting the pre-packaged roadmap of integration end-points to the emerging placing platforms and new initiatives from the Future at Lloyd’s, and also future-proofing their brokers with connectivity to the wider international markets.
“As leaders in cloud-based broker insurance software solutions, we know the importance of a strong reputation. We’re proud to be able to expand our partnership with ACORD to offer a best-in-class, reliable and seamlessly integrated solution to further take the risk out of insurance broking and protect profit margins,” said Sharon Stanley, Managing Director of GPM.
ACORD Data Standards are widely used throughout the insurance industry, with ACORD members accounting for half of global gross written premiums. ACORD’s industry-owned Conductor operationalises these Standards to create a comprehensive global messaging and data service which aligns individual messages with industry processes, while centralizing and simplifying workflow. By replacing current manual processes of message exchange for GPM’s brokers, ACORD Conductor will drive significant cost savings, as well as improved data speed, accuracy, and consistency.
“The team at GPM Development Ltd have been leading advocates of ACORD, and the efforts of ACORD Solutions Group to drive process efficiencies through standardised data exchange,” said Chris Newman, Managing Director – Global of ACORD. “We rely on the contributions of Licensed Integrator Partners like GPM to ensure we are delivering the maximum return on investment, and generating the largest impact in connecting the global market. By promoting a ‘common language’ for placing, accounting and claims, ACORD and GPM will continue to drive modernisation and efficiency for the broking community.”
About GPM Development
GPM Development, a leading London-based software development and cloud hosting company specialising in policy administration, claims management, insurance broker accounting, document production, reporting and associated services.
Established in 1988 we deliver flexible solutions to many varied operations in the UK and overseas and are also acknowledged as specialist supplier to the Lloyd’s of London market.
We always work closely with our clients to build enduring relationships, take time to learn about their evolving needs and use our extensive knowledge and experience to provide solutions which exceed expectations.
The GPM team’s products and services increase competitive advantage through efficiency savings, coupled with licensing arrangements that are precisely designed to future-proof the client’s investment.
Most importantly, our business and our software is secure, reliable and field-proven so our clients can be sure that they have chosen the right technology partner to embrace growth and be able to tackle new challenges and market trends.
About ACORD Solutions Group
ACORD Solutions Group (ASG) is an industry-owned extension of ACORD, the standards-setting body for the global insurance industry. ASG delivers end-to-end, enterprise-class solutions to optimize the cost, speed, and accuracy of consistent data exchange. We are uniquely positioned to provide InsurTech solutions which increase the value of data for all insurance stakeholders, regardless of size, geography, or legacy constraints. ASG facilitates integration while bridging the gap between legacy capabilities and strategic modernization. Learn more at www.acordsolutions.com.