We have packaged up the services to provide a menu of electronic trading options for each customer to shape around their own needs, existing processes and trading relationships.
RI3K can advise companies on a combination of services that are best suited for their electronic trading needs, as well as assess integration needs and customisation of services.
Client Services provide continual help and support to all customers.
Marketplace
A contract certain and Market Reform compliant environment that links together the community of companies and users. Buyers, brokers and carriers can manage the complete ACORD insurance and reinsurance placement and endorsement processes electronically.
Collaboration Service
An environment where buyers, their customers and brokers manage the collection and organisation of data and preparation of contract wordings as they plan their submissions.
Document Library & Form Publisher
A contract template builder for users to produce, manage and store their own wordings and products in a processable format on the web. These can be traded out electronically over the Internet and the content can be interpreted by the processing systems of their trading partners.
Data Messaging
RI3K offers data messaging services to facilitate the exchange of placement and endorsement data and the related documents between broker and underwriter systems on one side and RI3K Marketplace on the other. Different choice for exchanging messages are available including G6 and full GPD data message, and a suite of integration options using web services, DRI and ACORD outbox.
We also provide expertise to help companies develop their data messaging strategies. For more information, please see RI3K Solutions
Combined business benefits
- Integrated front-office connected to back-office applications
- Data distribution supported by common set of directories and protocols
- Fully audited placement lifecycles
- Version-controlled risk disclosures
- Web access to underwriting documents and contract services
- Access to collaborative functionality to enhance group-wide, customer and partner services
RI3K Pricing 2008
The RI3K service transmits and receives data using the industry standard ACORD XML data format. RI3K has received three awards in 2008 from the global insurance standards organisation ACORD:
- International Implementation Award
- Shared Service and/or Infrastructure Platform, Middleware Award
- Early Adopter Award
RI3K has received additional ACORD awards in 2004, 2005 and 2007.