Spreadsheet bordereaux are a 20th century solution to a 19th century problem. Tables of risk information belong with Quills and Ink. Forcing users to interact with 100% of the data in low-value mapping and pre-processing tasks leads to poor data visibility and friction between parties. MGA systems outputting product-focused bordereaux miss the point entirely.
policy & claim financial data reported by spreadsheet
back-office costs are slow, manual, and consume 30% of premium
manual touchpoints for valid data
manual pre-processing before ingestion
distriBind enables the sending and receipt of data across formats and standards, allowing the the sender to deliver what they need to, while providing the receiver the data they need. With tools to enrich, transform and generate data allowing friction-free exchange of data between all parties, distriBind is the next generation solution for sharing data across any part of the insurance value chain.
distriBind’s automation capabilities will enable us to optimise efficiencies…. as well as immediately eliminating bordereaux on some accounts…
It's an amazing opportunity for our team to partner with distriBind and leverage their unique digital delegated authority API solutions which tremendously speed up our integration within the insurance syndicate's ecosystem.
distriBind has solved a long-running, systemic industry problem with a product that seamlessly adapts to any market or deal framework…
Our partnership with distriBind has not only supported us through our approval process but is also enabling us to create a quick, efficient and robust way to work with MGAs and reinsurers. distriBind’s highly adaptable ingestion and data handling capabilities will support Bridgehaven’s goals to collaborate through clear communication and facilitate our speed of decision making
Partnering with distiBind proved its worth in its innovation, culture and capability. It purposefully wasn’t a digital spreadsheet or a cumbersome, off the shelf bordereaux management solution with a high monthly price tag, but instead it is a refreshing, straight forward and flexible data solution to help bring specific data and data management into a growing business. Coral Insurance believes that its business growth is now underpinned by core data processing systems and the ability to scale without the need for extra resources.