We are delighted to announce a formal partnership with global re/insurance outsourcing and consulting specialist Pro Global Holding Limited (‘Pro’). Together, we will combine our expertise in the specialist areas of bordereaux and coverholder management to deliver a market leading solution to complex areas faced by Managing Agents.
The new joint-offering combines VIPR’s Intrali bordereaux management tool, widely adopted across the industry, 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. This allows Managing Agents to use a consistent and robust end-to-end process that will produce results, faster and easier.
“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. He continues, “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.”
“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.” said Pro Chief Operating Officer Chris Everson.
He continues, “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,”
The partnership, which is in place for four years, will allow both parties to offer a superior offering unmatched by other products in the market, bringing efficiencies and value to customers.
To find out more about the partnership and how we can help, contact us here.
Pro is a leading international consultancy and service provider that focuses on delivering flexible outsourcing solutions for live and run-off business, operational consultancy and audit services exclusively to the global insurance industry.
Founded in 1993, Pro has some 160 clients spanning the global insurance market, including insurers, reinsurers, brokers, lawyers and corporate investors.
The company has over 500 employees around the world, with recent geographic expansion in Germany and North America. Pro has offices in London, Cologne, Zurich, New York and Buenos Aires, all supported by regional delivery centres, enabling Pro to act for clients across multiple markets, cultures and territories.