Aon Risk Solutions, the risk management business of Aon Corp., and ACE Group, global commercial property and casualty insurer, have launched an e-accounting solution. The Rüschlikon accounting and settlement standards have been implemented through The Exchange.
The entire U.K. and international market, brokers and carriers, will get the opportunity to automate premium and claim processes administered outside of the London bureaux, with quicker settlement times and greater security, through the e-accounting solution. Rüschlikon comprises a working group of global insurance and reinsurance industry organizations, which work together to define and implement international business rules for processing insurance and reinsurance transactions using Acord standards.
Click here for the release from Aon.