Paperless trading service provider recognised for achievements in standardisation

After winning six ACORD Awards last year, the electronic trading service RI3K has won three more this year.

The company, which provides paperless trading services to reinsurance companies, has claimed a total of 13 awards to date.

At a ceremony in Las Vegas, RI3K won in the categories of international implementation and early adopter, as well as the picking up the award for shared service and/or infrastructure platform and middleware.

“This continued recognition of RI3K’s achievements in standardisation of trading is now reflected by the fact that nearly 200 companies are now trading in a way that was unimaginable three years ago,” said chief executive Alex Letts.