Scyllogis and PilotFish Technology Partner to Provide Straight-Through-Processing to the London Market
GRLC Entities Gain Ability to Seamlessly Exchange ACORD Data
MIDDLETOWN, CT (PRWEB) July 14, 2015
PilotFish Technology (an integration software and service provider to the insurance industry), today announced a strategic alliance with Scyllogis Consulting to provide Straight-Through-Processing (STP) to the London Market. The combination of the two companies’ capabilities will enable any entity participating in the Global Reinsurance & Large Commercial (GRLC) market to seamlessly exchange data, regardless of their native ability to support ACORD data exchange standards. Scyllogis Consulting are data management specialists operating solely within the GRLC sector. PilotFish provides a suite of integration products that enables the real time connectivity, transformation and delivery of messages in any data format to any other format using any connectivity option.
Recognizing that there are still significant non-ACORD legacy applications and global markets that have not adopted ACORD’s standards, Scyllogis are partnering with PilotFish to leverage PilotFish’s ability to transform non-ACORD data sources into ACORD standards. As long term ACORD members, Scyllogis have developed a suite of Straight-Through-Processing (STP) applications (Effikacy) based upon ACORD GRLC standards. By extending the integration capabilities of Effikacy with PIlotFish’s proven integration software, Scyllogis will now be able to deliver the significant benefits associated with STP eAccounting to their customers currently trading with non-ACORD compliant partners. The benefits include increases in operational efficiency, cashflow, cost savings, service efficiency, regulatory compliance and controls.
“Our partnership with PilotFish enables us to expand the current functionality of Effikacy to process any inbound data source,” commented Sarah Abbott, Director at Scyllogis. “This, in turn, offers our clients the ability to maximize the benefits available from STP, by increasing the volumes of their business that can be processed through automation”.
Since their launch in 2001, Scyllogis has delivered strategic data management solutions, helping their clients acquire, govern, integrate and analyse their data. Their clients include Allianz, TMR, Tokio Marine Kiln, Travelers and QBE.
“With over 150 years of combined insurance market experience acquired from their team of industry practitioners and technical specialists, Scyllogis is a genuine domain expert and thought leader in the GRLC market”, added Neil Schappert, President of PilotFish Technology. “The combination of Scyllogis’s expertise within the GRLC market and PilotFish’s expertise with North American message standards provides a compelling ‘go to market’ proposition to clients and prospects operating across both markets.”
“The reality is that not everybody is ACORD capable. Some markets have standards that are not ACORD based and there are multiple ACORD standards.” said Sarah. “In order to avoid inefficient application and process variations, geared to each data source, it is critical that data inter-operability is addressed. Scyllogis are therefore excited to be partnering with PilotFish whose suite of solutions provides us with an enhanced capability to resolve these issues”.
In addition to combining technology and domain expertise, the partnership includes a reciprocal agreement to share offices in each other’s geographic markets. This will allow both organizations to provide local distribution and support to their customers as well as to further expand their presence globally.
Scyllogis Consulting are a team of data management specialists delivering technology driven data solutions and consultancy services exclusively to the GRLC (global reinsurance and large commercial) sector. Established in 2001, our success and reputation have been built on working in close collaboration with our clients to design and deliver strategic data management solutions.
For further information, visit the Scyllogis Website.
+44 (0)345 838 1477
About PilotFish Technology
Founded in 2001, PilotFish is solely focused on developing, proving, and licensing middleware software to enable integration of entities that comprise any industry vertical ecosystem. The software provides a complete system for building, maintaining, testing and deploying interfaces. PilotFish products are distributed directly to end users and through select channel partners. Within the insurance industry vertical, more than 70 carriers, third party providers, labs, insurance distributors, solution providers and the ACORD standards organization have licensed and implemented the PilotFish software.