In a recent interview at the WSIA Underwriting Summit, VIPR’s Chief Revenue Officer, Tony Russell, sat down with Kamaron Leach from The Insurer TV to discuss one of the biggest challenges facing delegated authority and program business today - data.
As delegated business and program volumes continue to grow, many organisations are being tasked with scaling their portfolios. But as Tony highlights, growth is no longer limited by capital or appetite, instead we're seeing data quality emerge as the key factor holding back businesses in this space.
As data moves through multiple systems across the supply chain, it becomes diluted, inconsistent, and harder to use - limiting visibility and slowing decision-making.
At the same time, organisations are under increasing pressure to grow without additional resource. As Tony explains, many teams are being asked to expand their portfolios without additional budget or headcount, forcing a shift towards more efficient ways of collecting, standardising, and using data.
This is driving a shift in focus across the market. Rather than relying on delayed bordereaux reporting, organisations are looking to capture and standardise data earlier, enabling more frequent, near real-time insight. Those that can access and act on data faster are better positioned to improve performance, respond to change, and scale efficiently. As Tony highlights, this is where the market is heading - and where VIPR is already helping customers move ahead.
Watch Tony's interview below:
You can watch the full interview on The Insurer TV to hear Tony’s insights on how data quality, operational pressure, and real-time visibility are shaping program business.
