The Exchange is a messaging service, which enables brokers, underwriters, coverholders and IT suppliers to have a single connection point from which they can send and receive information securely between multiple parties.
It is not intended to impose a way of working, but supports brokers, managing agents and coverholders by providing a simple service to enable a standardised way in which to exchange electronic information.
The Exchange offers:
What is the Exchange used for?
The Exchange is currently used to support the processing of ACORD messages for a number of initiatives including:
How it Works
At the heart of the Exchange is an ACORD certified messaging hub. It handles authentication, authorisation, routing, delivery and response management.
A repository of underwriter contacts details are held centrally. This is used by broker systems to address their electronic endorsement messages to the appropriate person at the carrier end.
The TMEL Portal provides a user interface to the market directory. A username and password to the portal is provided to organisations when they first register with TMEL. Web services are also available for integration; please contact us for further information.
Full Press Release here
Full story here
Read the full press release here
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