swift insurance

swift insurance

For reinsurance carriers, brokers and insurers who place reinsurance business (through brokers or directly), who wish to improve cash flow and reduce operational costs by automating post-placement accounting and settlement transactions, the SWIFT Insurance service provides a platform to achieve just that. Unlike peer-to-peer messaging solutions, email exchanges and other unstructured communications, our service ensures that all messages are validated against relevant industry rulebooks, and will grow to host and integrate many new value-added automation services, such as payments initiation, counterparty performance monitoring and netting over the coming years.

SWIFT was commissioned to establish this platform in 2008, facilitating automation and thereby improving efficiency. Led by an Industry Panel formed for the project, chaired initially by SwissRe, the community will move its ACORD accounting and settlement communications processes onto the new SWIFT Insurance service. The aim is to achieve greater discipline on use of standards, harmonisation of business processes, extension and scalability of automation, and reduction of operational risk and cost as a direct result.

swift insurance

Initially, the project’s core value proposition is the harmonisation of accounting and settlement processes for Reinsurance and large Corporate insurance transactions, as defined in the Rüschlikon Initiative Rulebook. This defines the rules and target business process performance standards to which the community is committed to achieve over time, which represents a dramatic improvement on performance achieved by the industry to date.
The service will enable exchange of both structured ACORD messages and attachments for processing reinsurance premium and claims accounting transactions.

swift insurance

mesothelioma

Mesothelioma, more precisely malignant mesothelioma, is a rare form of cancer that develops from the protective lining that covers many of the body's internal organs, the mesothelium. It is usually caused by exposure to asbestos.[1]

Its most common site is the pleura (outer lining of the lungs and internal chest wall), but it may also occur in the peritoneum (the lining of the abdominal cavity), the pericardium (a sac that surrounds the heart),[2] or the tunica vaginalis (a sac that surrounds the testis).

Most people who develop mesothelioma have worked on jobs where they inhaled asbestos and glass particles, or they have been exposed to asbestos dust and fiber in other ways. It has also been suggested that washing the clothes of a family member who worked with asbestos or glass can put a person at risk for developing mesothelioma.[3] Unlike lung cancer, there is no association between mesothelioma and smoking, but smoking greatly increases the risk of other asbestos-induced cancers.[4] Those who have been exposed to asbestos often utilize attorneys to collect damages for asbestos-related disease, including mesothelioma. Compensation via asbestos funds or lawsuits is an important issue in mesothelioma (see asbestos and the law).

The symptoms of mesothelioma include shortness of breath due to pleural effusion (fluid between the lung and the chest wall) or chest wall pain, and general symptoms such as weight loss. The diagnosis may be suspected with chest X-ray and CT scan, and is confirmed with a biopsy (tissue sample) and microscopic examination. A thoracoscopy (inserting a tube with a camera into the chest) can be used to take biopsies. It allows the introduction of substances such as talc to obliterate the pleural space (called pleurodesis), which prevents more fluid from accumulating and pressing on the lung. Despite treatment with chemotherapy, radiation therapy or sometimes surgery, the disease carries a poor prognosis. Research about screening tests for the early detection of mesothelioma is ongoing.