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."