We recently had the honor to sit down with Target Markets' Gene Abbey to record a Target Markets Program Administrators Association (TMPAA) Target Topics podcast series. Our CEO, Paul Templar, together with Gene, TMPAA’s Director of Insurance Services and Education, discussed the critical issues of Bordereaux Data Management and Data Analytics for delegated underwriting - a topic that sits at the heart of daily challenges and faced by many carriers in the United States and globally. Data quality, ingestion, validation, extraction and using that conformed data to gain valuable insights to better manage the risk was certainly on their agenda.
Gene has an extensive background in P&C insurance, multi-line commercial coverages, and risk management solutions and has brought almost 30 years of experience to the table. His expertise in specialty programs, fronting, captives, and alternative risk solutions provided a rich backdrop to the discussion with Paul. The podcast kicked off with an introduction to VIPR Solutions, a company that has been at the forefront of solving significant problems for the global delegated underwriting insurance industry since 2009. Paul shared insights into the inception of VIPR, highlighting the company’s dedication to enhancing the efficiency and accuracy of data handling within the sector.
Taking a look at VIPR's growth and development through strategic partnerships, it was stated this is a pivotal moment for VIPR back in 2020, after receiving significant investment from the private equity firm Tenzing. Paul discussed how this partnership has propelled VIPR’s development, enabling us to scale our solutions and extend our global footprint.
The discussion then turns and focuses on the United States and the challenges the industry is facing. The US insurance landscape presents unique challenges, and Paul elaborated on how VIPR is well positioned to help US carriers, MGUs, and brokers navigate these complexities. He stressed the importance of accessible smart tech in overcoming these obstacles.
Why VIPR? A Look at Our Competitive Edge - With a plethora of options available, choosing the right technology partner is critical for MGAs, brokers, and carriers. Paul shared examples of why VIPR stands out, from our cutting-edge solutions to our commitment to customer service. The podcast provided a platform for discussing VIPR’s diverse customer base, both in the United States and globally. Paul touched on how VIPR's technology reveals essential insights from program data and analytics, highlighting real-world examples of how our customers have leveraged these insights for time savings and financial benefits.
Innovation and Evolution - VIPR’s Technological Advancements. Reflecting on the last few years, Paul outlined the significant enhancements in VIPR’s technology that have streamlined program business processes for our customers, demonstrating our commitment to continuous improvement. Celebrating 15 years of innovation and market collaboration, Paul shared the milestones that have marked VIPR’s journey. He also delved into the industry trends that are on VIPR’s radar, emphasizing the importance of staying ahead of the curve to meet evolving customer needs.
The importance of Real-Time Data Exchange - The podcast concluded with an exciting teaser about VIPR’s upcoming launch of a “Real-Time Data Exchange” platform. This sophisticated piece of tech will ease how data is shared and utilized across the insurance industry, reinforcing VIPR’s position as the leader in delegated underwriting insurance technology solutions.
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We invite you to listen to the full podcast to gain deeper insights into how VIPR is setting new standards in Bordereaux Data Management and Analysis. Stay tuned for more updates and insights from VIPR Solutions, as we continue to navigate the forefront of insurance technology, delivering solutions that matter.
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