VIPR secures landmark Lloyd’s Syndicate to enhance Delegated Data Processing

Date: 09.01.2024, London, UK – VIPR Solutions (VIPR), an innovative leader in the delegated authority insurance sector, proudly announces its latest new customer with a prominent, independent underwriting firm operating through a Lloyd’s Syndicate. This marks VIPR’s 46th customer acquisition, an outstanding significant milestone, continuing its impressive growth trajectory since its inception in 2009.

The underwriting firm, a specialist in insurance and reinsurance across six core business classes, has committed to a multi-year contract with VIPR. This partnership aims to streamline and automate data governance and analytics in the delegated insurance industry. By leveraging VIPR’s best-in-class technology solutions – VIPR Portal, Intrali, Data Cloud and the innovative analytical platform VIPR Insights – the underwriting syndicate is set to significantly enhance its management of their delegated portfolios.

Founded in 2014, the underwriting firm is known for its entrepreneurial spirit and lean business model. They offer forward thinking bespoke customer experiences, setting them apart in the competitive insurance landscape. In 2024, the company is projected to generate a Gross Written Premium (GWP) of £540m across its two distribution platforms: their Lloyd’s Syndicate and a joint venture model.

Central to the underwriting firm’s success is its highly experienced team, including a lineup of subject matter experts across various functions. This dedication to expertise and quality service positions the syndicate as a leader in the global insurance market. Additionally, their London base harnesses the city’s rich talent pool and dedication to the Lloyd’s broker distribution channel.

The syndicate is committed to high standards of service and governance. With access to Lloyd’s worldwide licenses and high ratings from A.M. Best, Fitch Ratings, and Standard & Poor’s, the firm is well-positioned for sustained growth and innovation. VIPR’s CEO Paul Templar commented, “We are thrilled to partner with such a forward-thinking and dynamic underwriting firm. Our shared commitment to innovation and excellence in the insurance sector makes this an ideal match of syndicate and vendor selection. We look forward to supporting them with our state-of-the-art technology solutions, driving both efficiency and growth.“

This collaboration signifies a major milestone for both VIPR and the London based underwriting firm, as they join forces to automate and simplify the delegated data management process and analytical capabilities. The integration of VIPR’s technology into the firm’s operating processes is poised to set a new standard for data governance and analytics in the delegated insurance market.