VIPR

Founded in 2009 by brothers Bob and Rick Brown, VIPR Solutions is a technology provider specializing in software for the delegated insurance sector. The founders leveraged their backgrounds in financial services and their experience building moneynet.co.uk, the UK's first personal finance comparison site, to address a market need they identified. They observed significant inconsistencies in the quality of insurance industry reports and saw an opportunity to standardize and validate this data, particularly as increasing regulation demanded greater scrutiny.

VIPR operates on a software-as-a-service (SaaS) model, providing back-office automation tools for managing delegated authority. The company serves a global client base that includes carriers, reinsurers, brokers, Managing General Agents (MGAs), Managing General Underwriters (MGUs), and Third-Party Administrators (TPAs). A notable portion of its clientele includes over 50% of Lloyd's syndicates. Revenue is generated through multi-year contracts for its technology platforms. In October 2020, the company was acquired by private equity firm Tenzing, which has supported its continued growth, product development, and international expansion, particularly into the U.S. market.

The company's core offering is the VIPR Product Ecosystem, a suite of platforms designed to streamline data management and regulatory compliance. This ecosystem includes several key products: VIPR Intrali for bordereaux management; VIPR Intarga for workflow automation in onboarding and due diligence; VIPR Portal as a single access point for third parties to submit data; VIPR Data Cloud, a cloud-based insurance data warehouse; and VIPR Insights for analytics and reporting. These tools automate the collection, cleansing, and validation of risk, premium, and claims data, transforming it into a standardized format. This automation reduces manual workloads, improves data accuracy, and helps clients meet regulatory requirements, ultimately providing actionable insights for better underwriting and operational efficiency. The company processes over 350,000 bordereaux annually, managing more than $10 billion in gross written premium.

Keywords: delegated authority, bordereaux management, insurance technology, InsurTech, data analytics, regulatory compliance, coverholder management, MGAs, MGUs, Lloyd's of London, reinsurance software, insurance back-office, program business, underwriting automation, data validation, risk management, claims data, premium data, financial software, Tenzing