Expleo, an engineering, technology, and consulting services provider, has partnered with ACORD Solutions Group, to provide testing assurance expertise for organisations preparing for Lloyd’s Blueprint Two London market modernisation.
The partnership was formed to facilitate the transition to Blueprint Two, a modernisation programme designed to make the London insurance market more efficient and cost-effective.
As a member of ACORD’s Licensed Integrator Partner (LIP) programme, Expleo will offer strategic support to the global community in preparation for this significant transformation.
Expleo brings over 50 years of experience in quality assurance to this initiative. The company will support numerous London market participants as they gear up for the market-wide changes that Blueprint Two will bring.
This includes providing independent testing and assurance for a range of programmes, ensuring smooth and effective implementation.
ACORD Solutions Group’s role in this partnership involves leveraging its expertise in global data standards and digital data exchange. Expleo will work with the LIP community to ensure compatibility with Blueprint Two, using tools such as the ACORD Global Reinsurance & Large Commercial Data Standards and the ADEPT (ACORD Data Exchange Platform and Translator), a platform for real-time data exchange, translation, and transformation.
Stephen Magennis, global head of BFSI at Expleo, said, “Blueprint Two is an ambitious change programme that will revolutionise the sector by harnessing technology to the benefit of more than 400 market participants, helping them face new risks with confidence.”
“By joining ACORD Solutions Group’s LIP programme, Expleo is now well positioned at the heart of the London market to support the insurance eco-system with independent testing and assurance on a range of programmes including Blueprint Two.”
Chris Newman, EVP and global managing director at ACORD Solutions Group, commented, “The Licensed Integrator Partner community strengthens the interoperability of the insurance ecosystem through standardised digital data exchange. We are glad to welcome Expleo to the programme as the industry embraces greater connectivity through its digitalisation efforts.”
Expleo will now collaborate with the LIP community in anticipation of the Blueprint Two cutover expected in October this year.
Their test assurance capability will aid in adopting key enablers for Blueprint Two, ensuring that global organisations can seamlessly transition to the new standards and workflows.
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