The Alea Group is joining the Association for Cooperative Operations Research and Development (ACORD) to work towards defining e-commerce standards for the insurance and reinsurance sector.
Alea says it intends to support ACORD's effort to use the XML computer language to enable messaging structures between trading partners.
Chief executive of Alea London Stephen Cane commented: "We welcome the opportunity to collaborate with ACORD, its member organisations and our trading partners to assist in the enablement of e-commerce within the international insurance and reinsurance industry.
"We recognize the need to be at the forefront of changes in the way we conduct our business processes and fully intend to take advantage of every opportunity to move forward, by using the latest technology available, together with coordinated data standards," he added.
