Advent, part of Fairfax Financial Holding Limited
- Intrali – Bordereaux Management
- Active Reports – Data Management and Reporting
- Intarga – Coverholder Approval and Management
With the introduction of new regulations by Lloyd’s, Advent recognised the need to understand the data they were receiving through bordereaux cleansing, validations and accurate reports. They also felt it was time to automate the process and ongoing management of their coverholders and binder book. Three of VIPR’s systems were needed to offer solutions to Advent’s needs.
The VIPR team guided Advent through the different phases of implementation; coming on-site to help the underwriters to tailor the system to suit their needs. Bordereaux mapping exercises were also completed using VIPR’s extensive knowledge of the insurance industry.
“The implementation of the systems have enabled us to move from a paper driven process to an electronic solution within required timescales set-out at the start of the project. The staff at VIPR, from top down have always been available when required to assist with the implementation programme and their dedication has been outstanding. We are very pleased with the final product which has streamlined the process effectively.”
David Pearson, Head of Delegated Authority and Client Management at Advent