Delegated underwriting technology specialist VIPR Solutions has teamed up with insurance workflow business WCL to create a digital workflow for non-bureau delegated underwriting. The firms say it does away with the need for manual intervention between broker submission and downstream bordereaux processing.

The collaboration sees WCL’s platform capture broker submissions and attach the appropriate bordereau and documentation at the front end. These are then passed to VIPR’s platform for validation, reconciliation and reporting.

Tony Russell, chief revenue officer at VIPR, said: “Non-bureau delegated authority underwriting still runs on a broken process. Brokers send placement messages with bordereaux attached. Front-end systems present a top-level view of the risk. From that point on, the data drops out of the digital workflow and is loaded into downstream systems by hand. Carriers, MGAs and reinsurers tolerate it because no single provider has closed the gap. The VIPR/WCL solution does exactly that.”

Marc Jackson, head of commercial at WCL, added: “The most frequent question that WCL and VIPR customers ask is often the same one: ‘how can we easily access risk, premium and claims data for a delegated authority agreement at both the individual transaction and master contract level to help us better price, reserve, monitor and report on that book of business?’ Until now, the honest answer has been a workaround. But with this solution – one workflow, two platforms – the non-bureau landscape has changed.”