---
title: Curing the insurance industry of its spreadsheet addiction
description: distriBind is a Digital Data Exchange delivering Automated Back Office processing that can help all participants across the value chain.
image: https://distribind.io/hubfs/distriBind%20Logos/Facebook%20profile%20photo%20170%20x%20170%20pixels%20(1).jpg
---

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# **Curing the Insurance Industry of its Spreadsheet Addiction**

#### DELEGATED AUTHORITY DATA EXCHANGE AND DIGITAL WORKBENCH

[![BOOK A DEMO](https://hubspot-no-cache-eu1-prod.s3.amazonaws.com/cta/default/20026667/a45f2a6b-f6d5-4043-a656-ef354d6483f6.png)](https://hubspot-cta-redirect-eu1-prod.s3.amazonaws.com/cta/redirect/20026667/a45f2a6b-f6d5-4043-a656-ef354d6483f6)

## **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](https://distribind.io/hs-fs/hubfs/graphic.png?width=400&height=400&name=graphic.png)

#### Hubspot Partner since 2012

### The OLD world…

## **                              95%**

![95%](https://distribind.io/hs-fs/hubfs/Website/Home%20page/95%25.gif?width=300&height=30&name=95%25.gif)

![Screenshot 2023-07-17 at 17.19.37](https://distribind.io/hs-fs/hubfs/Screenshot%202023-07-17%20at%2017.19.37.png?width=21&height=17&name=Screenshot%202023-07-17%20at%2017.19.37.png) policy & claim financial data reported by spreadsheet

## **                              30%**

## ![30%](https://distribind.io/hs-fs/hubfs/Website/Home%20page/30%25.gif?width=300&height=30&name=30%25.gif)

![Screenshot 2023-07-17 at 17.19.37](https://distribind.io/hs-fs/hubfs/Screenshot%202023-07-17%20at%2017.19.37.png?width=21&height=18&name=Screenshot%202023-07-17%20at%2017.19.37.png) back-office costs are slow, manual, and consume 30% of premium

 

 

![bordereaux management system](https://distribind.io/hs-fs/hubfs/bordereaux%20management%20system.png?width=307&height=300&name=bordereaux%20management%20system.png)

#### AND THE NEW…

 

## **0%**

## ![0%](https://distribind.io/hs-fs/hubfs/Website/Home%20page/0%25.gif?width=300&height=30&name=0%25.gif)

 ![Screenshot 2023-07-17 at 17.19.37](https://distribind.io/hs-fs/hubfs/Screenshot%202023-07-17%20at%2017.19.37.png?width=19&height=16&name=Screenshot%202023-07-17%20at%2017.19.37.png) manual touchpoints for valid data​

 

## **0%**

## ![0%](https://distribind.io/hs-fs/hubfs/Website/Home%20page/0%25.gif?width=300&height=30&name=0%25.gif)

  ![Screenshot 2023-07-17 at 17.19.37](https://distribind.io/hs-fs/hubfs/Screenshot%202023-07-17%20at%2017.19.37.png?width=19&height=16&name=Screenshot%202023-07-17%20at%2017.19.37.png) manual pre-processing before ingestion

 

## **WE HAVE ELIMINATED SPREADSHEETS FOR OUR CUSTOMERS**

distriBind is a bordereaux management solution that 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 delegated authority data across any part of the insurance value chain.

[![Learn More](https://hubspot-no-cache-eu1-prod.s3.amazonaws.com/cta/default/20026667/e0051d45-193d-4b91-9f3f-d7b4044a72e4.png)](https://hubspot-cta-redirect-eu1-prod.s3.amazonaws.com/cta/redirect/20026667/e0051d45-193d-4b91-9f3f-d7b4044a72e4)

![195-1](https://distribind.io/hs-fs/hubfs/195-1.png?width=800&height=533&name=195-1.png)

#### A complete bordereaux solution

## [smart data exchange](https://distribind.io/our-solution-2023?hsLang=en)

[Easily receive, process and send data to/from business partners in any format using our smart ingestion tool which agnostically looks for the data labels in any data source ignoring white space, special characters and non data rows.](https://distribind.io/our-solution-2023?hsLang=en)

## [Risk, premium, claims](https://distribind.io/our-solution-2023?hsLang=en)

[Manage the full life cycle of risks, premiums and claims with our core validations, whilst allowing bespoke validations to be applied either at the contract level or field level. We provide tools to validate and notify on errors and warnings, whilst allowing the approved data to flow through with no touch points.](https://distribind.io/our-solution-2023?hsLang=en)

## [Automated credit control](https://distribind.io/our-solution-2023?hsLang=en)

[Automatic reconciliation of the full written to premium, and cash using our duel credit control functions. Whilst identifying risk instalments matched to the premium advices, distriBind also automatically reconciles the cash to the premium advices, which allows the full financial settlement between risk and premium. ](https://distribind.io/our-solution-2023?hsLang=en)

## [Coverholder Onboarding](https://distribind.io/sunapto?hsLang=en)

[Sunapto by distriBind revolutionises the On-Boarding process with the same commitment to automation and visibility present in our data exchange and reporting platform.](https://distribind.io/sunapto?hsLang=en)  [Revolutionise the On-Boarding process with  commitment to automation and visibility.](https://distribind.io/sunapto?hsLang=en)

 

#### They trust us

![Portabl.co logo.](https://distribind.io/hubfs/Partner%20Logos/Portabl.co%20logo..png)

![F10 logo.](https://distribind.io/hs-fs/hubfs/Partner%20Logos/F10%20logo..png?width=1200&height=1200&name=F10%20logo..png)

![Otonomi-1](https://distribind.io/hs-fs/hubfs/Partner%20Logos/Otonomi-1.png?width=1920&height=1080&name=Otonomi-1.png)

![BHVN Wordmark](https://distribind.io/hubfs/Partner%20Logos/BHVN%20Wordmark.svg)

![Coral insurance logo.](https://distribind.io/hubfs/Partner%20Logos/Coral%20insurance%20logo..png)

![Innovate uk logo.](https://distribind.io/hubfs/Partner%20Logos/Innovate%20uk%20logo..png)

![Allianz Logo](https://distribind.io/hubfs/Client%20logos/Allianz.png)

![liberty SM logo](https://distribind.io/hubfs/Partner%20Logos/liberty-specialty-markets-blue-rgb@2x.png)

![Lloyds Lab logo.](https://distribind.io/hubfs/Partner%20Logos/Lloyds%20Lab%20logo..png)

![Stere_Logo](https://distribind.io/hs-fs/hubfs/Partner%20Logos/Stere_Logo.jpeg?width=2000&name=Stere_Logo.jpeg)

![Synpulse logo.](https://distribind.io/hubfs/Partner%20Logos/Synpulse%20logo..png)

![Inshare Insurance Services logo.](https://distribind.io/hubfs/Partner%20Logos/Inshare%20Insurance%20Services%20logo..png)

![Digital Data Exchange WP-1](https://distribind.io/hs-fs/hubfs/Collateral/WPs/Digital%20Data%20Exchange/Digital%20Data%20Exchange%20WP-1.png?width=1000&height=600&name=Digital%20Data%20Exchange%20WP-1.png)

## Download our whitepaper

![testimonial](https://f.hubspotusercontent30.net/hubfs/685080/ClickraySiteTheme/testimonial.png)

#### **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

![testimonial](https://f.hubspotusercontent30.net/hubfs/685080/ClickraySiteTheme/testimonial.png)

#### **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

![testimonial](https://f.hubspotusercontent30.net/hubfs/685080/ClickraySiteTheme/testimonial.png)

#### **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

![testimonial](https://f.hubspotusercontent30.net/hubfs/685080/ClickraySiteTheme/testimonial.png)

#### **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

![testimonial](https://f.hubspotusercontent30.net/hubfs/685080/ClickraySiteTheme/testimonial.png)

#### **It purposefully wasn't a digital spreadsheet or a** **cumbersome** **off the shelf bordereaux management solution**

Partnering with distriBind 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

arrow\_upwards

## Curing the insurance industry of its spreadsheet addiction

 

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## CHECK OUT OUR NEWS

<https://distribind.io/en/insights/trade-without-barriers?hsLang=en> <https://distribind.io/empowering-mgas?hsLang=en> <https://distribind.io/en/insights/bridgehaven_qanda?hsLang=en> <https://distribind.io/en/insights/the-necessary-role-of-api-integration-in-the-insurance-industry?hsLang=en>

<https://distribind.io/en/team-insights-blog?hsLang=en>

                                                        [Read more...](https://distribind.io/en/team-insights-blog?hsLang=en)

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