Trace Managed Messaging Service (TMMS)
Facilitating electronic data exchange in the London Commercial Insurance and Reinsurance Market

As the commercial insurance world moves away from paper based trading to the use of document repositories and data exchange, there is a requirement for market participants to develop new delivery mechanisms to manage these profound changes. It is generally accepted that these changes will provide efficiency and cost benefits in the long term. However, the cost and upheaval of initial implementation is seen by many organisations as prohibitive in the short term.

The purpose of the Trace Managed Messaging Service* is to offer a quality, cost effective route for commercial insurance organisations to pursue their messaging objectives. Based on ACORD standards, TMMS provides the core software enabling DRI and RLC messages to be exchanged and an architecture which allows the service to be integrated easily into a client's infrastructure.

Ongoing development will ensure that the service supports the latest market initiatives. Currently these include:

ECF (Electronic Claim File)
A&S (Accounting & Settlement phase 1)
G6 (The Placing Initiative supported by the G6 underwriters)

The service provide all the following:

All Infrastructure elements

Hardware
Firewalls
Switches
Line rental

All Application Software

The J2EE application environment
Message transformation (additional charge applies)
Message handling

Service Elements

Message administration
Message monitoring
Equipment management and maintenance
Individual customer installations
Nightly backup, online recovery

The service will be hosted in a secure data centre and delivered across a VPN.

* Winner of ACORD "Infra-structure Platform Provider Award 2006"

For further details of Trace Managed Messaging Service email enquiries@tracegroup.com