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Around the P&C insurance industry: November 27, 2024

This week's update includes insurance industry news from RIMS, ACORD Solutions Group, Starr Insurance and more.

By PC360 Staff Writer | November 27, 2024 at 10:40 AM

RIMS, the risk management society, presented three organizations with the 2024 ERM Global Award of Distinction at RIMS ERM Conference in Boston. The Federal Retirement Thrift Investment Board, Paychex and Tennessee Valley Authority were awarded for developing exceptional enterprise risk management programs that aligned with business strategy, improved risk identification endeavors, empowered organizational decision-makers and embedded robust risk cultures across the enterprises.

ACORD Solutions Group announced a first-of-its-kind placing data exchange capability within its ADEPT data exchange platform. This one-to-many placing interface will act as a universal hub for exchanging placing data for insurers and brokers worldwide, connecting to all major placing platforms as well as a variety of downstream systems. Insurers and brokers leverage ADEPT Placing with its easily accessible and ready-to-use direct interface that connects with major platforms including PPL, Whitespace, PlacingHub and market firm-owned platforms such as Aon’s ABConnect and Guy Carpenter’s GC Marketplace.

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