Hampden Risk Partners (‘HRP’), a regulated Lloyd’s syndicate, plays a critical role as an intelligent follow consortia and quota-share partner to high-performing Lloyd’s syndicates. Its mission allows these syndicates to underwrite more business and provides capital backers with access to syndicate participations typically unavailable to third-party capital. Predominantly backed by Hampden Agencies, the most substantial members’ agent in the Lloyd’s market, HRP underscores its reputation with this collaboration. VIPR, on the other hand, has carved a niche for itself in the delegated underwriting industry since 2009. With expertise in automating back-office processes and ensuring regulatory compliance, VIPR specialises in providing technology solutions for bordereaux management, coverholder management, data analytics and data services.
HRP contracted with VIPR for a customised “business process as a service” (BPaaS), which includes VIPR Managed Services and several VIPR applications, demonstrating a seamless end-to-end automation solution.
These applications include:
VIPR Portal: A digital gateway allowing coverholders and program administrators to upload bordereaux information directly or via a
secure API gateway.
VIPR Intrali: A bordereau management solution that validates transforms and aggregates risk, premium and claims data into a
single, trusted data model.
VIPR Insights: A data analysis application providing KPIs for monitoring risk, premium, claims, and operational efficiency.
VIPR Data Cloud: A secure data repository for storing and sharing all data processed through VIPR platforms, ensuring all parties
have a consistent view of risk, premium, and claims data.
If you would like to know more about our “business process as a service” (BPaaS) offering - BOOK A DEMO
Reactions
We are thrilled to choose VIPR as our solution provider for managing delegated data for Syndicate 2689. VIPR’s smart technology will streamline our data management processes, increasing efficiency and reducing the risk of errors. This collaboration with VIPR enhances our commitment to delivering exceptional service to our clients.
This project will not only involve the integration of data from bordereaux but also plans to incorporate real-time downstream data exchange via API flows in the future. This enhancement will enable underwriters to manage pricing and risk selection with increased accuracy and efficiency.