Jubilee Managing Agency (Jubilee) has become the latest Lloyd’s insurer to automate their bordereaux processing and management using software from insurance specialists VIPR.
The multi-niche Lloyd’s insurer has installed the Intrali bordereaux management platform within its Global Property Franchise, to enable them to improve their overall service to their coverholders.
Conor Finn, Head of Global Property at Jubilee, said: “It is vital for Jubilee to be able to demonstrate value, rather than just providing capacity to our cover holders; this system is the first step in this regard.
“We chose VIPR as they offer, and are able to deliver, a solution tailored specifically to our needs within a challenging timescale.”
Bob Brown, CEO of VIPR said: “We are delighted that Jubilee has chosen VIPR to help streamline its bordereaux management processes. We know from our existing customers who have already adopted the VIPR Intrali solution that it will deliver tangible benefits and free up valuable resource.”
Brown added, “Our knowledge and expertise in the Lloyd’s market means we understand the needs of Managing Agents and Brokers. Our client list and reputation in the industry has not gone unnoticed and has seen our order book grow rapidly during the last six months.”
“We recognise that the Lloyd’s market is pushing insurers to demonstrate that they have robust and adequate systems in place for identifying, measuring and managing risk in order to meet the requirements of Solvency II.”
Conor Finn from Jubilee added: “We were delighted with the implementation and ‘can do’ attitude of the VIPR technical team.”
“We’ve already seen Intrali deliver a positive impact on the data management of our cover-holder business, enabling us to significantly improve our reporting and analysis.”
