ACORD4ALL

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ACORD4ALL

• What is it?
• Converting bureau legacy messages to ACORD
  equivalents
• Signing, settlement claims

• Why invest in it?

• Aid market initiatives
• Underpin ACORD direction
• Add real volume to assist business case for ACORD
  Gateways
• Attract new organisations
• Removes a major Londonism
• Extends reach of processing platform
• Changes in current organisations e.g.
• XL Re global platform
• Gateway investment

ACORD4ALL programme launched January 2008
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How conversions are completed

• Xchanging works with key strategic partner Web
  Connectivity
• Xchanging ACORD Gateway (XAG) is WCL B2B product
• Web Connectivity supply ACORD expertise
• Mapping to target data definition
• Working group input
• Maintenance
• Xchanging supply source data expertise
  infrastructure
• Install source to target data definition in IBM
  WebSphere Transaction Extender
• Test
• Embed as part of overnight processing with
  controls

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XL Re Europe Limited, London Branch
ACORD4ALLMark BerryPeter Sammons

• November 19, 2009

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Original Platforms 5 Years ago
Approximately 80 of the functionality was
repeated in 11 systems
Vendor System
SICS Classic
Destiny
RSG
Singapore
XLRE BDA
XL RE Europe
London
Sydney
XLRA
GIC IHIC
RSG Run Off
LA RE
Toronto
Group Re
RSG
Data Mart
Data Mart
Data Mart
Data Mart
Data Mart
Data Mart
XLRA Month End
Data Warehouse
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Benefits of moving to one System

• Reduces duplicated processing and interface
  costs across segment
• We gain consistency from shared business
  processes and best practices
• We can leverage our investment in system
  development across segment
• Enables us to respond faster to changing
  business needs
• Improves data quality and transparency for
  consistent common reporting
• Improves auditing efficiencies across the
  segment Sarbanes-Oxley, FSA, etc.
• Reduces paper processing
• Allows for personnel realignment from redundant
  processing procedures to more business focused
  analysis and special project work

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Initial Planning

• Executive buy-in (awareness to opportunities
  industry involvement)
• Commitment to ACORD Standards as the foundation
  Structured Data
• One In-House system
• 5 Year Plan structured for continuous and real
  time review throughout
• Budget
• Communication
• Strong Governance structure aligned to Executive
  Management, engaging key Business and IT working
  teams with global involvement

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Implementation Issues

• Pressure on the Business
• User expectations
• Enforcing change
• Global implementation - different cultures and
  the time differences
• Missing Functionality
• Existing data quality
• Budget

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XL Re 2009 and beyond

• One system changes are agreed by global teams
  and implemented once
• ACORD messages worldwide, leveraging Xchangings
  services where available or direct with our
  business partners
• Actively reduce paper process and documentation
  where redundant
• Improve cash flow
• We will not have to rely on a third party vendor,
  which means we can develop at the pace we choose
• Management information is more consistent, easier
  to analyse and report upon, and more transparent
  for internal, external and client facing
  activities

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XL Re Global Capability
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Any Questions?Mark Berry Peter Sammons
General Manager, London Branch VP, Systems
ImplementationXL Re Europe XL Re Europe

• November 19, 2009

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ACORD4ALL Status

• Status
• LIRMA set completed
• Lloyds core set completed
• Excludes LORS, Claims Snapshot and Monthly
  Control Message
• Signing, Settlement Claims (LIRMA Lloyds)
  with ACORD for EBOT ECOT (2008-1) content
  validation
• Certification looks good with two obvious
  caveats
• data elements that are outside EBOT, but supplied
  in role of service provider
• Extension schema for London specific data

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Xchanging summary 1

• Programme in place for nearly 2 years
• ACORD capability currently limited to LIRMA
  Lloyds
• ILU Brokers investment in negotiation
• Lessons learned
• This is a change, a culture change merging best
  of London with global processing to eliminate
  Londonisms e.g. Deferred scheme, multi currency
  claims
• You can rarely do enough testing
• With XL Re, we ran months of claims data files
  12,000 ACORD claim movement files processed
• Business cases count, not technical theory.
  Changes impact everyone e.g. sum insured now
  reported as contract limit

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Xchanging summary 2

• Volumes
• Bring London volumes to the gateway cost/benefit
• Your share of 20m transactions per year
• Versions
• Dont worry
• 2005-2, 2008-1 and whatever the future brings
• Value
• Transaction service, pay as you go