Insurity, a provider of cloud-based software for insurance carriers, brokers, and MGAs, has partnered with VIPR Solutions to improve program business efficiencies.
With a focus on the London market and US domestic P&C market, Insurity and VIPR plan to integrate their platforms in an effort to provide real-time data exchange for insurers, reinsurers, and brokers.
Founded in 2009 and headquartered in London, VIPR Solutions serves the program business sector and processes in excess of 400,000 bordereaux per year while servicing over 40% of Lloyd’s managing general agents.
Its combined product offering aims to improve the management of underwriting portfolios, using data analytic capabilities to drive operational efficiencies and address compliance and regulatory burdens.
“We are thrilled to partner with Insurity and provide their customers with faster, automated data management,” said Paul Templar, Founder and Chief Executive Officer at VIPR.
“This collaboration reinforces our commitment to offering innovative solutions that enable our clients to manage and streamline their operations more efficiently,” he continued. “By integrating Insurity platforms with VIPR’s digital ecosystem, we are paving the way for faster and more efficient data exchange with the end goal of empowering insurers, reinsurers, MGAs and brokers with operational excellence.”
Sylvester Mathis, Chief Insurance Officer at Insurity, also commented: “VIPR has a proven, tried-and-tested model and is well respected within the program business industry. This partnership revolutionizes the way insurers overcome their program business challenges. Insurers will be able to capture data at source and reduce manual tasks on an end-to-end platform while maintaining the highest levels of security.”
