Curing the Insurance Industry of its Spreadsheet Addiction

INSURANCE DATA EXCHANGE AND DIGITAL WORKBENCH

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BORDEREAUX ARE HOLDING YOU BACK

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.

graphic

Hubspot Partner since 2012

The OLD world…

 

                              95%

95%

Screenshot 2023-07-17 at 17.19.37 policy & claim financial data reported by spreadsheet

 

                              30%

30%

Screenshot 2023-07-17 at 17.19.37 back-office costs are slow, manual, and consume 30% of premium

 

 

bordereaux management system

 


AND THE NEW

 

0%

0%

 Screenshot 2023-07-17 at 17.19.37 manual touchpoints for valid data​

 

0%

0%

  Screenshot 2023-07-17 at 17.19.37 manual pre-processing before ingestion

 

 

WE HAVE ELIMINATED SPREADSHEETS FOR OUR CUSTOMERS

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.

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A complete solution

 
Digital Data Exchange WP-1

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Optimizing efficiencies and eliminating bordereaux


distriBind’s automation capabilities will enable us to optimise efficiencies…. as well as immediately eliminating bordereaux on some accounts…

Liberty Specialty Markets
Program Business Distribution Manager
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Unique digital delegated authority...


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.

Otonomi
CEO & Co-founder
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distriBind has solved a long-running, systemic industry problem


distriBind has solved a long-running, systemic industry problem with a product that seamlessly adapts to any market or deal framework…

Stere
CEO
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Enabling us to to create quick, efficient and robust ways to work with MGAs and reinsurers...

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

Bridgehaven Insurance
COO
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It purposefully wasn't a digital spreadsheet or a cumbersome off the shelf bordereaux management solution

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. 

Coral Insurance
Product & Operations Director

Curing the insurance industry of its spreadsheet addiction

 

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