Oneglobal is a recently formed commercial insurance and reinsurance broker, established from the merger of SSL and Endeavour in 2018, with the singular focus of improving the way businesses around the world manage risk.
Under the direction of its CEO Mike Reynolds, the vision is clear in the markets it serves: to be a ‘broker of choice’. It has a truly global reach, with offices in Miami, Singapore, Greece and Bermuda, Latin America and the Netherlands, with business interface at the local level and central processing conducted in London.
Seeking to improve the manual processing of their data, it naturally turned to VIPR, with its proven focus on binders and ability to speed up processing time significantly.
Oneglobal selected VIPR’s bordereaux management system Intrali, as well as data management and reporting system Active Report and VIPR Managed Services (VMS). The results have been dramatic.
With Intrali in place, inserting data has now become a one-time process, whereas previously Oneglobal had a multi key-in approach. The broker’s entire renewal time has decreased, with significantly faster renewal packs. The previous equivalent one binder was processed manually over three days each month; with Intrali this can now be done in seconds.
Using Active Reports has also provided peace of mind for Oneglobal to transfer data in an organised fashion, in order to meet regulatory requirements, while back data ingestion can be performed easily using VMS.
In short, VIPR systems have transformed and dramatically improved renewal time and data processing across several platforms at Oneglobal, significantly enhancing its service to coverholders.
Find out more about the VIPR Ecosystem today.
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