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Miller wins two prestigious ACORD awards

Miller received two of the 2011 ACORD Awards, given by the global insurance standards organisation at its annual Implementation Forum in Fort Lauderdale on the third of November. The awards recognise the leading role that Miller has played in major London Market modernisation initiatives this year, which has led to more widespread adoption of ACORD’s RLC (Reinsurance & Large Commercial) data standards.

Miller received the Pioneer Award for being the first broker to implement eAccounting, which improves the automation of premium submissions to London Market insurers. They also received the Volume of Live Transactions Award for their work on eEndorsements, where they were the leading broker by volume of endorsement transactions in the initial nine months of the London implementation for marine business.

Commenting on the Awards, Steve Spicer, head of business change at Miller said, “We are proud to have won these two awards for the success we have had with eAccounting and eEndorsements in the last year. The credit must go to our employees who have undertaken these projects with tremendous enthusiasm and, at times, a fair amount of perseverance. We have been ably supported by our software supplier, Trace Isys, who has established and integrated their message gateway with our TWINS system. This is however only a starting point, and we are looking forward to both building on these foundations next year and supporting the market as a whole as more participants realise the benefits of process improvement based around the exchange of ACORD compliant information”.