It’s a busy start for 2017 for the VIPR team installing our bordereaux management system Intrali, with new client Beaufort. The underwriting agency, based in the city of London was looking for a solution to manage its data and to meet legislative requirements. It chose VIPR.
Beaufort recognised the need for IT that could assist with standardising large amounts of data. It also wanted to be able to create meaningful, validated data to allow for MI and Solvency II Pillar 3 reporting which came into force on 1st January, 2017. It was therefore paramount that Beaufort found the right product to ensure they could comply with legislation.
After researching different companies, Beaufort instructed us to install our industry leading Intrali system. Intrali allows businesses to get to grips with bordereaux data, enabling it to be imported in multiple layouts and then standardised, cleansed and validated against binder terms.
“We looked at a number of bordereaux management systems to help us standardise our data and help with regulatory reporting before we chose VIPR,” said Mark Langston, Director of Risk & Operations at Beaufort. “We look forward to seeing the benefits over the coming months.”
“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” said Bob Brown, CEO at VIPR. “We are excited that Beaufort has seen the potential for Intrali and what it will bring to the company. We are currently on site continuing with implementation and training and are confident Beaufort will be impressed with the benefits of the system.”
For more information on Intrali, click here.
Find out about Beaufort Underwriting here.