AdvantageGo and Vipr Announce Strategic Alliance
London, 14 March 2023 – AdvantageGo, a leading commercial insurance and reinsurance software provider and part of Coforge, and VIPR Solutions, the award-winning provider of Delegated Authority (DA) solutions, today announced a strategic alliance.
Today’s release builds upon recent announcements regarding the AdvantageGo Ecosystem. VIPR’s unparalleled abilities and proficiency in providing comprehensive data management and analytical solutions for the delegated business will complement and enhance the Ecosystem.
AdvantageGo’s Underwriting workbench APIs will provide a frictionless experience when importing bordereaux data for delegated authority business by integrating with VIPR’s leading bordereaux management solution. This will ensure that raw Premium, Risk and Claims data being imported into AdvantageGo’s Underwriting workbench is standardised, cleansed, and validated against the contract terms.
This alliance will offer Underwriters the powerful benefits of AdvantageGo’s Underwriting workbench and a comprehensive and integrated view of their portfolio for both their open market risks and delegated authority.
“We are delighted to welcome VIPR onboard to our AdvantageGo Ecosystem,” said Ian Summers, Global Business Leader, AdvantageGo. “As market leaders in the DA space, their expertise and experience will be a valuable asset to the Ecosystem and in expanding our comprehensive technology proposition to accelerate the insurance market’s digital transfer of risk. As the industry continues to evolve and new technologies emerge, our Ecosystem will only grow to offer more integrated solutions that meet the evolving needs of the insurance industry. We are confident that our clients will benefit from this alliance, and we are excited to see the results of our collaboration with VIPR to achieve our goal of providing the best possible service to insurers.”
Paul Templar, Founder and CEO at VIPR, stated: “We are thrilled to announce this alliance that combines AdvantageGo’s capabilities with VIPR’s extensive knowledge and credibility in providing solutions to the delegated underwriting markets in the UK and internationally. VIPR’s focus is on not only improving process efficiency and data quality but also championing the use of data to help our customers achieve better underwriting performance. This agreement reiterates our strong track record delivering market-leading solutions to our customers of all sizes, ranging from start-ups to multinational tier 1 insurers.”
AdvantageGo helps insurance companies to look from an increasingly precarious future back to today. The difference is clarity. And profit. By bringing the future more efficiently and effectively into the present, we position insurers´ profits at the heart of their business – today, not tomorrow. Our pioneering platform and 25 years of experience mean AdvantageGo offers insurers the IT agility they need to create an intelligent digital strategy.
Learn more at www.advantagego.com
Coforge is a global digital services and solutions provider, that leverages emerging technologies and deep domain expertise to deliver real-world business impact for its clients. A focus on very select industries, a detailed understanding of the underlying processes of those industries, and partnerships with leading platforms provide us with a distinct perspective. Coforge leads with its product engineering approach and leverages Cloud, Data, Integration, and Automation technologies to transform client businesses into intelligent, high-growth enterprises. Coforge’s proprietary platforms power critical business processes across its core verticals. The firm has a presence in 21 countries with 25 delivery centers across nine countries.
Learn more at www.coforge.com
VIPR is an award-winning provider of technology solutions for the insurance market. Our unrivalled market insight has secured our reputation as industry innovators. Driven by our clients – Insurers, Brokers, and Managing General Agents – our combined product offering improves the management of your delegated authority portfolio, drives operational efficiencies, and addresses the ever-growing compliance and regulatory burdens. VIPR Insights and Data Cloud provides out-of-the box dashboards, to empower underwriting and operational teams to analyse performance and make informed decisions, allowing data to be shared securely, replacing unsecure data transfer methods. This ensures all parties have a common and consistent view of risk, premium and claims data. At VIPR, we deliver a comprehensive suite of dedicated technology solutions – providing end-to-end management for your delegated business. Our IT solutions are easy to use and are designed to make the complicated simple.
Learn more at www.viprsolutions.com