London, December 3rd, 2024: VIPR Solutions (VIPR), a leader in Delegated Authority Insurance data management and analytics, is pleased to celebrate over a year of collaboration with Flux Syndicate 1985, an Acrisure-owned entity. Since signing with VIPR in 2023, Flux Syndicate has leveraged VIPR's innovative technology to modernise its data processes and analytics capabilities, reinforcing its position as a forward-thinking player in the insurance market.
VIPR, which has been serving the UK insurance market since 2009, supports over 50% of Lloyd's Managing Agents and processes more than 500,000 bordereaux annually. The partnership with Flux Syndicate has been a significant step in demonstrating VIPR's ability to support dynamic and innovative insurance models.
After selecting VIPR’s solutions, Flux Syndicate has achieved marked improvements in operational efficiency, data accuracy, and decision-making processes. VIPR’s Intrali platform automates bordereaux data management, significantly reducing the time and manual effort required for data processing. Additionally, VIPR Insights provides Flux Syndicate with sophisticated analytics that support strategic planning and enhance regulatory compliance.
Reflecting on the benefits realised so far, Luke Thomas, Chief Operations Officer at Flux Syndicate, remarked, “Our partnership with VIPR has been instrumental in streamlining our data management and analytics. VIPR’s robust technology enables us to manage and analyse our data efficiently, which has been critical for our growth and operational success. This partnership continues to strengthen our position in the market.”
Paul Templar, Co-Founder and CEO of VIPR, also shared his perspective: “Flux Syndicate has been a valued customer for over a year now, and we are thrilled to see how our solutions have supported their innovative business model. Our technology provides the operational efficiencies and compliance frameworks they need to thrive in a competitive market.”
Flux Syndicate 1985, backed by Acrisure and managed by Asta, is reshaping the Lloyd’s market with its “low touch” underwriting model and ambitious growth plans. The syndicate is on course to hit plan in 2024 and write an increase gross written premium of £250 million in 2025, introducing a substantial volume of new business to Lloyd’s. This partnership aligns with Lloyd’s broader vision to attract diverse players and capitalize on unique market attributes.
With VIPR’s Portal and Data Cloud, Flux Syndicate can transmit data seamlessly, ensuring that all relevant parties have access to accurate, real-time information. The combined benefits of VIPR’s data solutions are expected to set new benchmarks in operational efficiency, regulatory compliance, and underwriting capabilities for the Lloyd's market and beyond.
About Flux Syndicate 1985
Managed by Asta and supported by Acrisure, Flux Syndicate 1985 is an innovative underwriting entity poised to make a significant impact in the insurance market. By leveraging advanced technology and a strategic growth mindset, Flux Syndicate continues to expand its influence and operational reach within Lloyd's and beyond. Flux Syndicate 1985 provides a diversified business model through which investors can access data-led, non-volatile, low-cost business that is highly accretive to Lloyd’s in terms of net operating expense, volatility profile, profitability and scalability.