RI3K and Kewill launch new message service
10 September 2007
RI3K announces today the completion of its new message service for the insurance and reinsurance industry. The service has undergone significant trials to ensure that it is scalable, secure and fit for purpose.
The RI3K Message Service has been designed to exchange placement, accounting and settlement data between brokers and carriers regardless of which back office systems they have implemented.
The solution provides straight-through processing to Xchanging and data can be transformed in any format ranging from straightforward email to ACORD standard xml.
The technology behind this service is being provided by Kewill Systems Plc (Kewill) - a leading global provider of business integration and data messaging solutions. Kewill has a 35 year heritage in managing complex trading partner relationships and through its managed services solutions handles millions of transactions a month for many vertical markets, including insurance.
“It was in no-one’s interest for RI3K to create its own technology for this crucial part of the market infrastructure” said
Richard Ward, Chief Executive of Lloyd’s commented: "A big part of market modernisation is linking up the market’s companies to an electronic infrastructure. We support any developments that help achieve this."
James Willison, Managing Director of Web Connectivity, added: “As the leading supplier of ACORD gateways, we will establish the very first connection to The RI3K Message Service. This means all our EnabledB2B Underwriter customers can integrate the message flows from RI3K, Aon and other RI3K broker customers directly into their back office applications.”
About RI3K
RI3K is the insurance and reinsurance industry’s paperless trading service. It supports all types and classes of reinsurance business, treaty as well as facultative and commercial insurance.
A community of 158 user companies has been established since trading began in 2001, and more than 2000 professionals in 42 nations have used the RI3K trading service. Several billion dollars of premium have been transacted to date.
RI3K was established in May 2000 and its head office, sales, support and development centre is in
www.ri3k.com
About Kewill
Kewill Systems Plc is a leading provider of global solutions for the dynamic supply network. The dynamic supply network enables enhanced responsiveness to customers through flexible connectivity between partners and systems, providing improved visibility and effective compliance, bridging the gap from a traditional rigid supply chain.
With over 35 years experience in the supply chain space, Kewill is a long-time innovator of software focusing on business integration, order management, transportation management, international trade logistics, service logistics and visibility solutions for global trading communities.
Kewill’s domain expertise in the insurance sector specialises in the collection, transformation and delivery of information electronically between insurers, brokers and their software house partners. Our solutions minimise costs, increase business efficiency and reduce the risks associated with the delivery of accurate information, securely and to deadlines, and supports regulatory standards and compliance requirements.
Kewill has implemented over 40,000 systems worldwide and our global customer base has trusted us for the management of their supply network information including Allianz Cornhill, ARB, BHS, Glasgow City Council, Group Direct, Hastings Direct, JD Williams, MMA, Nintendo, Nisa Today’s, Sainsbury’s and Towergate Insurance.
Contacts
RI3K
020 7400 3500
alex.letts@ri3k.com
Roddy
07740 633 296
roddy.langley@gmail.com
Kewill
0845 456 0534
anne.staunton@peak-marketing.co.uk / nicky.godfrey@peak-marketing.co.uk