LONDON, 28 October, 2021 – Aon plc (NYSE: AON), a leading global professional services firm, has received three awards from ACORD, the insurance industry’s standards and technology organization. An ACORD Award, presented to organizations and individuals that have demonstrated outstanding achievement in implementing ACORD Standards, is a prestigious honor. ACORD Standards help organizations conduct business more efficiently, internally and externally.
ACORD presented Aon’s Reinsurance Solutions with the ACORD Global Citizen Award. This award recognizes organizations that assist ACORD in globalization initiatives by establishing new opportunities for ACORD in regions where there is little or no ACORD adoption, or by expand the use of ACORD standards worldwide. ACORD recognized Aon for its continued expansion and global use of the ACORD Standards in its Ruschlikon ACORD messaging implementations, continuing to improve the overall effectiveness and efficiency of back-office processing.
Aon’s Reinsurance Solutions also received the ACORD Leadership Award. This Award recognizes organizations that demonstrate leadership effectively in the areas of Standards development, advocacy and/or implementation. The award recognizes Aon for continuing to help lead the industry towards greater clarity in the secure sharing of re/insurance data. Aon has continued its leadership in encouraging global partner acceptance and use of the ACORD Ruschlikon Reinsurance Standards.
In addition, Aon’s Reinsurance Solutions received the ACORD Industry Contributor Award for its leadership role and donation of API definitions to ACORD for the placing process on behalf of the Reinsurance Blockchain Alliance (ReBA). As chair of the ReBA consortium, Aon has expanded the ACORD standards to the latest technologies, thus keeping it viable for many years to come, and dissuading “disruptors” from developing standards that compete with ACORD.
Troy Hughes, Global Director of eCommerce at Aon and Chair of the ReBA consortium, said: “In working on a joint project with ACORD ADEPT to do the placing process via DLT/Blockchain, Aon continues to show the industry that the future of industry digital trading goes through the ACORD standard. Being recognized by ACORD for the contribution ReBA has made is very gratifying, and on behalf of the ReBA group, we look forward to continuing work with ACORD on moving the digital standards to wider adoption.”
Leonora Siccardi, Chief Operating Officer, EMEA and Global for Aon’s Reinsurance Solutions, added: “We are honoured to receive these three awards from ACORD. At Aon’s Reinsurance Solutions, we are committed to supporting the drive to common standards within our industry. We recognize the significant benefits that ACORD standards bring to the value-chain, which translates into improved efficiency and consequently service delivery. This does not apply just to post-placement services but also to digital placement, an area with huge potential.”
“The ACORD Awards recognize industry leaders, like Aon, who have made material contributions to standardized insurance data exchange,” said Bill Pieroni, President & CEO, ACORD. “This year we are pleased to honor Aon for its leadership in our project groups, as well as its ongoing achievements in the implementation and adoption of ACORD Standards globally. Aon’s commitment to the ACORD community and improving the operational efficiency and effectiveness of our industry has been truly exceptional.”
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