20 January 2017Insurance

Lloyd's MGA signs up for VIPR bordereaux system

Beaufort Underwriting Agency, the Munich Re owned Lloyd's managing agent (MGA) for MSF Pritchard Syndicate 318, has contracted insurance software provider VIPR for its bordereaux management system Intrali, to manage its data.

VIPR has installed its bordereaux management system Intrali to enable Beaufort to standardise and validate large amounts of data for MI and Solvency II Pillar 3 regulatory reporting.

Mark Langston, director of risk and operations at Beaufort, said: "We looked at a number of bordereaux management systems to help us standardise our data and help with regulatory reporting before we chose VIPR.

"We look forward to seeing the benefits over the coming months."

Bob Brown, CEO at VIPR, added: "There has been a high demand for Intrali with the pressures to comply with legislation as well as the need for technology to make processes more efficient.

"We are excited that Beaufort has seen the potential for Intrali and what it will bring to the company."

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More on this story

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22 July 2016   Cathedral Underwriting, a Lloyd’s managing agent, has contracted insurance software provider VIPR for its bordereaux management system, Intrali.
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28 April 2017   Insurance software provider VIPR has launched a new offering, in collaboration with global consulting group JDX, that provides end-to-end management of its bordereaux systems to ensure a simplified and efficient approach for clients’ IT needs with an emphasis in the area of delegated authority.
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5 March 2018   VIPR, a provider of software solutions for the insurance industry, has partnered with ACORD Solutions Group to launch an automated ‘US to London’ data exchange between global MGA’s and London carriers, which enables straight-through processing of bordereaux reports.