Accounting and Settlement covers the establishment and payment of all monetary amounts against insurance policies related to both premiums and claims.
In 2014 we completed the delivery of eAccounts - the technology that enables premium and claims accounting submissions to be sent via ACORD standard structured messages.
A&S for business not serviced via the bureau (responsible for around £7bn of net premium in London) is also supported by ACORD messages. This approach uses the same implementation guide and rule book as the Ruschlikon group for processing premium and claims payments between brokers and continental reinsurers.
For more information on these projects, follow the menu links on the left hand side.