Top 10 broker Acrisure Re selects VIPR’s Delegated Authority platform for the management of their global delegated business
As one of the world’s top 10 insurance brokerages and the fastest growing in the world, Acrisure provides a broad array of insurance and financial related solutions, including commercial property and casualty, personal lines and employee benefits, insurance and asset management products and services. Acrisure Re is the reinsurance brokerage arm of Acrisure and provides reinsurance solutions while working with major insurance companies and insurance distribution to understand and achieve corporate risk management goals through the purchase of (re)insurance portfolio solutions.
Since entering the delegated authority market in 2013, coverholder-led business has become an increasingly important part of the Acrisure Re portfolio, with GWP rising to $700m.
As part of their strategic ambition to utilise ‘unparalleled technology’, Acrisure Re has invested in the VIPR Delegated Authority platform. This investment will streamline the receipt and processing of bordereaux, as well as offer deeper analytics and insights through a combination of VIPR’s Intrali and Active Reports solutions.
Intrali standardises large amounts of bordereaux data, quickly importing and converting multiple data formats to a single template determined by the user. As well as cleansing the data, the system checks and validates it against the binder terms.
Active Reports integrates with Intrali, offering a fast and efficient solution to data analysis and management. By rendering transparent processes, it helps organisations to fully understand their business and the associated risks.
Intrali has enabled us to track bordereaux in a more effective way, enabling a faster, more efficient process. In addition, by improving our validation process with this technology, we can now track and flag errors more effectively, removing the manual process we previously had in place. We are extremely pleased to be working alongside VIPR and look forward to our continued success as the product develops and we expand our delegated business.