Pro Global Holding Limited (‘Pro’) global re/insurance outsourcing and consulting specialists are delighted to announce formal partnership with VIPR, experts in delegated authority. This move will see the two combine their 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, standarise 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.”
Pro Chief Operating Officer Chris Everson said, “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.
For more information on VIPR, visit www.viprsolutions.com.