ICC-REINSURANCE

Cession-reinsurance EDI standard maintained by ACORD.

Definition

ICC supports premium, claims and technical accounts flows between cedants and reinsurers. Key messages include Premium Bordereau, Claim Bordereau, Account Current. Deployed at scale in the Lloyds market via Electronic Claims File (ECF) and Insurer Market Repository (IMR).

Origin

Maintained by ACORD with the Reinsurance Group.

Example in context

A cedant transmits a weekly ACORD XML Premium Bordereau to reinsurer Munich Re.

Related terms

• ACORD Policy — underlying policy schema.