Chaucer Group is now live with Web Connectivity Limited’s (WCL) messaging solution Alternate, in preparation for Blueprint 2, the transformation project in the London market that plans to update the central market messaging infrastructure.
Hayley Spink, Chaucer Chief Operating Officer, said: “Alternate has provided Chaucer with a robust and reliable solution to process messages from Velonetic that would otherwise be unsupported.
“Adopting this technology and transforming our business today means we can continue to write business in preparation for Blueprint 2, Phase 1, go-live, and establishes the framework for our business to be ready for Phase 2.”
At go-live of Blueprint 2, Phase 1, companies might face a difficult decision, either to stop writing certain types of business or invest a lot of time and money into upgrading their internal policy system, WCL’s parent company Zywave notes.
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The reason for this is that Velonetic will no longer support many of the custom market messages they currently generate.
To help with this, WCL, in partnership with Northdoor, built a solution that processes ACORD eBOT and eCOT messages, which are sent by Velonetic via the ACORD4ALL service.
These messages are in turn updated into the latest ACORD version and then translated into a format that Chaucer is able to consume into their policy system.
Thanks to this approach, Chaucer is already prepared to process Blueprint 2, Phase 2 messages, as and when these are available.
“WCL first started supporting Chaucer with ACORD messaging in 2007, so to continue our long-standing partnership to ensure they are able to respond to changes resulting from Blueprint 2 is extremely rewarding,” added James Willison, WCL’s managing director.
Alternate is now built, tested, and live and available to any Lloyd’s Managing Agent or London market company whose current bureau messages will no longer be supported with the go-live of Blueprint 2, Phase 1.
Alternate is now live and ready to be used by any Lloyd’s Managing Agent or London market company whose current bureau messages will no longer be supported after Blueprint 2, Phase 1 goes live.
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