Anthony R. O’Donnell // January 17, 2025 
(Image source: ACORD.)
The adoption of ACORD standards in the reinsurance sector is leading the way toward broader implementation across the insurance industry, as reinsurers realize significant efficiency gains and cost savings. A recent case study of Echo Re (Zurich), a subsidiary of German reinsurer DEVK Group (Cologne), highlights the rapid benefits achieved through digital messaging standards.
Mark Bennett, SVP, Global Business Development, ACORD (Pearl River, N.Y.), explains the impact: “Echo Re, a relatively new adopter of these ACORD standards, has been able to achieve 70 percent automation efficiency in six