Paul Templar's guest appearances

Paul Templar

InsTech - insurance & innovation with Matthew Grant

The Voice of Insurance

OwlTail

Sebastian Prosser

Today’s guests are Paul Templar CEO and Sebastian Prosser, Head of Account Management at insurance technology solutions specialist VIPR.   VIPR started out in the London Market 14 years ago. From day one its core offering was to provide a software solution to the endless administrative problem of the ingestion and checking of data in the Delegated Authority (DA) space.   With around 40% of the business at Lloyd’s transacted this way, it started life in a very fertile environment that was drowning in a mass of spreadsheets, emails and stray documents.  Today it has grown enormously to be the largest player in this segment with over 400,000 bordereaux processed annually relating to around £5 billion of gross premium.   This business is at the real coal face of digitisation in our industry and its development is following a ruthless logic: If you can ingest, verify and cleanse insurance data on a large scale, the next step is to start to analyse that data and gain genuine insights into the business you are writing.   And once you can do all this you can also speed up the process of onboarding new partners from a compliance perspective.   My chat with Paul and Seb comes as VIPR is making large strides internationally into the US and European markets on the back of significant new blue-chip investment.   With digital initiatives gaining traction and prominence all over the insurance world it’s an exciting time for the market and for VIPR.   Here we talk about the prospects for a far more efficient, digital and data-driven marketplace, the world of insurance software ecosystems and the exciting expansion opportunities opening up for VIPR and its clients.   Paul and Seb are great company and I recommend this episode to anyone looking to learn how to climb the first rung of the digital ladder.  NOTES  Naturally we mention DA a lot. That’s the abbreviation for Delegated Authority.  There is also TPA, which stands for Third Party Administrator (usually for claims).  LINKS  https://viprsolutions.com/

Today’s guests are Paul Templar CEO and Sebastian Prosser, Head of Account Management at insurance technology solutions specialist VIPR. VIPR started out in the London Market 14 years ago. From day one its core offering was to provide a software solution to the endless administrative problem of the ingestion and checking of data in the Delegated Authority (DA) space. With around 40% of the business at Lloyd’s transacted this way, it started life in a very fertile environment that was drowning in a mass of spreadsheets, emails and stray documents. Today it has grown enormously to be the largest player in this segment with over 400,000 bordereaux processed annually relating to around £5 billion of gross premium. This business is at the real coal face of digitisation in our industry and its development is following a ruthless logic: If you can ingest, verify and cleanse insurance data on a large scale, the next step is to start to analyse that data and gain genuine insights into the business you are writing.  And once you can do all this you can also speed up the process of onboarding new partners from a compliance perspective. My chat with Paul and Seb comes as VIPR is making large strides internationally into the US and European markets on the back of significant new blue-chip investment. With digital initiatives gaining traction and prominence all over the insurance world it’s an exciting time for the market and for VIPR. Here we talk about the prospects for a far more efficient, digital and data-driven marketplace, the world of insurance software ecosystems and the exciting expansion opportunities opening up for VIPR and its clients. Paul and Seb are great company and I recommend this episode to anyone looking to learn how to climb the first rung of the digital ladder. NOTES Naturally we mention DA a lot. That’s the abbreviation for Delegated Authority. There is also TPA, which stands for Third Party Administrator (usually for claims). LINKS <a href="https://viprsolutions.com/" rel="nofollow" target="_blank">https://viprsolutions.com/</a>

Special Ep Paul Templar and Sebastian Prosser of VIPR: Stop throwing people at the problem

Data has never been so important or abundant in insurance but finding the right information is still a major challenge for insurers. That has led to opportunities for companies like VIPR, which is providing extraction and ingestion solutions to help standardise data from third parties and creating analytics to improve underwriting accuracy. CEO Paul Templar joins Matthew on Podcast 180 to discuss how brokers and insurers are using VIPR’s data and analytics platform to manage data, getting information flowing efficiently across the market, and how VIPR is looking to scale with the help of private equity. Talking points include: Improving communication between insurers, brokers and clients Using the cloud to improve data access and processing efficiency Producing new underwriting insights through improved processing APIs, portals and making technology work Working with clients to drive product direction  VIPR was featured in the InsTech London report, Data Extraction and Ingestion: The 40 companies to watch in 2021, which is available as a free download. You can also get more information on the InsTech member profile page for VIPR. If you like what you're hearing, please leave us a review on whichever platform you use or contact Matthew Grant on LinkedIn.  Sign up to the InsTech newsletter for a fresh view on the world every Wednesday morning. Continuing Professional Development - Learning Objectives InsTech London is accredited by The Chartered Insurance Institute (CII). By listening to any InsTech London podcast or reading the accompanying transcript, you can claim up to 0.5 hours towards the CII member CPD scheme. The Learning Objectives for this podcast are: Summarise the challenges for insurers in collecting relevant information and how these contribute to inefficient underwriting List the benefits data and analytics platforms have on improving processing efficiency Identify the role of clients in helping insurers to direct and implement new products  If your organisation is a member of InsTech London and you would like to receive a quarterly summary of the CPD hours you have earned, visit the Episode 180 page of the InsTech London website or email cpd@instech.london to let us know you have listened to this podcast. To help us measure the impact of the learning, we would be grateful if you would take a minute to complete a quick feedback survey.

Data has never been so important or abundant in insurance but finding the right information is still a major challenge for insurers. That has led to opportunities for companies like VIPR, which is providing extraction and ingestion solutions to help standardise data from third parties and creating analytics to improve underwriting accuracy. CEO <a href="https://www.linkedin.com/in/paultemplar/" rel="nofollow" target="_blank">Paul Templar</a> joins Matthew on Podcast 180 to discuss how brokers and insurers are using VIPR’s data and analytics platform to manage data, getting information flowing efficiently across the market, and how VIPR is looking to scale with the help of private equity. Talking points include: <ul><li>Improving communication between insurers, brokers and clients</li> <li>Using the cloud to improve data access and processing efficiency</li> <li>Producing new underwriting insights through improved processing</li> <li>APIs, portals and making technology work</li> <li>Working with clients to drive product direction</li> </ul> VIPR was featured in the InsTech London report, <a href="https://www.instech.london/civicrm/contribute/transact?reset=1&amp;id=12" rel="nofollow" target="_blank">Data Extraction and Ingestion: The 40 companies to watch in 2021</a>, which is available as a free download. You can also get more information on the <a href="https://bit.ly/35vDzyv" rel="nofollow" target="_blank">InsTech member profile page for VIPR</a>. If you like what you're hearing, please leave us a review on whichever platform you use or contact <a href="https://www.linkedin.com/in/matthewjggrant/" rel="nofollow" target="_blank">Matthew Grant on LinkedIn</a>.  <a href="https://bit.ly/Instech_SignUp" rel="nofollow" target="_blank">Sign up to the InsTech newsletter</a> for a fresh view on the world every Wednesday morning. Continuing Professional Development - Learning Objectives InsTech London is accredited by <a href="https://www.cii.co.uk/" rel="nofollow" target="_blank">The Chartered Insurance Institute (CII)</a>. By listening to any InsTech London podcast or reading the accompanying transcript, you can claim up to 0.5 hours towards the CII member CPD scheme. The Learning Objectives for this podcast are: <ul><li>Summarise the challenges for insurers in collecting relevant information and how these contribute to inefficient underwriting</li> <li>List the benefits data and analytics platforms have on improving processing efficiency</li> <li>Identify the role of clients in helping insurers to direct and implement new products</li> </ul> If your organisation is a member of InsTech London and you would like to receive a quarterly summary of the CPD hours you have earned, visit the <a href="https://www.instech.london/podcast/paul-templar-ceo-vipr-data-seen-it-clean-it-sort-it" rel="nofollow" target="_blank">Episode 180 page</a> of the InsTech London website or email <a href="mailto:cpd@instech.london">cpd@instech.london</a> to let us know you have listened to this podcast. To help us measure the impact of the learning, we would be grateful if you would take a minute to complete a quick <a href="https://docs.google.com/forms/d/e/1FAIpQLSe9pDG2r3HxjdPhPKLAIJZsS4q1KaV3dJfTx31ohpnCT0chOg/viewform" rel="nofollow" target="_blank">feedback survey</a>.