This excerpt from a RI3K's press release on using forms as a user interface. It also goes on to mention ACORD compliant templates. This mix of ACORD Forms, ACORD compliant electronic messaging and proprietary user interfaces are all part of the new way to look at forms and e-forms in software development.
RI3K Announces New "Easy to Use" Trading System
Monte Carlo, Monday 11th September 2006: The electronic trading service RI3K today announces a revolutionary new version of its trading system. Named "V3", the new system will be rolled out in the run-up to renewals to replace the existing RI3K platform. It will allow users to handle all types and classes of facultative and treaty reinsurance, as well as commercial "direct" insurance.
"This is a completely new animal" say RI3K's Chief Executive Alex Letts. "It is wonderfully intuitive, and many of the heavy processes have been smoothed out. It is so much easier to use." Key innovations for the new version have been in making the service much more flexible for brokers, allowing them to use their own contracts and wordings on the service, by using the powerful ACORD-based form-builder.
"The form-builder is the sensation," says Letts. "At a stroke it transforms the electronic trading landscape because it preserves differentiation for brokers in their product presentation. Rather than being forced to use RI3K prescribed slips, broking houses will be able to create and store their own ACORD compliant templates in the form-builder whatever type, class or line - fac, treaty or direct. They can add their wordings from their selected sources, and then simply allow their placing brokers to distribute and trade these out over the service." V3 has also been upgraded with enhanced data integration capabilities. It can be connected to brokers' own slip systems, and it can pass data into peer-to-peer underwriting gateways.
"For companies, V3 is a path to efficient, compliant and cost effective distribution," Letts adds. "But for the actual users themselves, V3 is just a marvellous modern service that makes their day easier and more productive."
About RI3K
RI3K has built an electronic trading service to support all types and classes of reinsurance business, treaty as well as facultative and commercial insurance. The Trading Service provides the reinsurance market with a fully ACORD, LMP and Contract Certainty compliant solution.It combines four key elements - collaboration, contract management, business process and dataflow - to produce a complete front-office suite supporting the business processes.
Roddy Langley
Marketing Communications Manager
RI3K Limited
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