30 January 2020Insurance

Pro and VIPR partner on bordereaux and coverholder management initiative

Re/insurance outsourcing and consulting specialist Pro Global Holding (Pro) is partnering with delegated authority specialist VIPR to deliver a solution to complex areas faced by managing agents in the areas of bordereaux and coverholder management.

The new joint offering combines VIPR’s Intrali bordereaux management tool with Pro’s Exposure Management Facility (CAI). When Intrali is used to ingest, transform, standardise and validate property data, the output will seamlessly pass to CAI where additional processing takes place to geo-code, standardise and confirm occupancy, construction descriptions and address information. The data can then be used by a range of CAT modelling tools. The aim is to enable managing agents to use a consistent and robust end-to-end process that will produce results faster.

“While we are still at a very early stage of this venture, we have already had interest from the market,” states Paul Templar, CEO at VIPR. “This comes as no surprise during a time of increased regulatory and compliance pressures where technological advancements are becoming a must-have in order to comply and to help the industry to gain competitive advantage. The collaboration allows both Pro and VIPR to provide a strong and innovative solution that will solve the problems experienced by many managing agents.”

Pro chief operating officer Chris Everson added: “We’re very excited by the potential that this partnership with VIPR represents. As the insurance market modernises and looks for ways to reduce costs there is a demand from clients for vendors to offer innovative new solutions that robustly and efficiently address the complex challenges they face.

"Linking VIPR’s technology with our innovative exposure data cleansing platform CAI will make it much easier for cleansed accurate data to flow electronically between systems. Digital transformation in the underwriting process offers real and tangible advantages for reducing costs and increasing efficiency for managing agents. We look forward to working together with the expert team at VIPR to deliver for the industry.”

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk


More on this story

Insurance
15 August 2022   The new recruit has also worked at Selective, Anthem and The Hartford.
Insurance
28 June 2022   Automated processes and collaborative working will usher in the future of faster value-added analysis in the delegated space, argue Paul Templar, CEO at VIPR, and Steve Farrell, global chief operating officer at Acrisure Re.
Insurance
24 February 2020   Lloyd’s approved coverholder Katalyst offers insurance products through a cloud-based digital platform.