Stewart Williams, COO

- Intarga, a third party workflow and management system, which provides a centralized process to allow underwriters to effectively control the approvals process, due diligence and monitoring, as well as audit and contract management.

- Intrali, VIPR’s best-selling spreadsheet management solution, allows underwriters to take total control of their data, quickly, accurately, and with the ability to capture quality MI, ultimately supporting business decisions. Intrali allows underwriters to consolidate multiple data formats into a single standardized output. The system also transforms and augments the data in addition to validating the data against the contract terms. This ensures that business is being written in accordance with the underlying contract. Once standardized, cleansed and validated the data is fed into the data warehouse where it can be fully reported on using VIPR’s Active Reports product.

- Active Reports provides over 50 out-of-the-box reports, with the facility to build further bespoke reports to turn the data captured by Intarga and Intrali into intelligent MI to support business decisions, as well as regulatory reporting.

Contented customer

For years, VIPR has assisted many enterprises and simplified their business processes. One client is Meridian Risk Solutions Limited, a Lloyd’s Broker that needed a solution to understand the data they were receiving through bordereaux cleansing, validations, and accurate reports. One of the significant factors impacting Meridian’s business decision-making process was viewing the analytical information sourced from their current templates. The broker chose VIPR as their preferred solution provider, and since 2018 they have been utilizing VIPR’s Intrali and Active Reports to optimize data and provide the information to support the client’s Coverholders and managing agents. This included creating reports to support Meridian’s DUA placements, comprising written, premium, claims, and accounts analysis reports. “The sleek results mapped from the bordereaux received in Intrali and displayed in Active reports enabled Meridian to provide rich MI and enhanced its service to all its clients,” says Paul Templar, CEO at VIPR.

Future ambitions

To ensure VIPR continues to deliver real value to its customers, the company releases a new upgrade for its products every quarter. Impressively, VIPR’s long-term ambition is working with AI to remove as much human interaction as possible, required to cleanse and analyze data. “Our long-term ambition is to provide straight-through processing of spreadsheet data and peer-to-peer (P2P) processing so that data can be received and reported upon with minimal human intervention. The benefits will not only save on resource time but will also allow carriers to focus their precious time on what matters most – delivering value to the business,” concludes Templar.