Vi Digital has partnered with Inari, a core technology infrastructure provider for the global re/insurance industry, to provide the Managing General Agent (MGA) startup with a tailored underwriting platform solution.
A specialist in algorithmic underwriting, Vi Digital is a follow-only MGA driven by its own unique algorithmic-led underwriting decision-making capabilities.
It was founded in 2021 by Chris Léglu, former head of underwriting at the Medical Protection Society, and Caspar Murphy, a bank executive.
“The partnership with inari is in line with the company’s plans to slowly roll out the specialist MGA facility in the London market, writing a follow-only book for capacity providers in the Lloyd’s market,” the company said. .
Based in Barcelona and founded in 2017, inari was launched by Frank Perkins with three co-founders Veronique Gob, Jochi Jimenez and Teresa Madariaga, all of whom have significant re/insurance experience in markets such as Lloyd’s as well as the US or Continental Europe.
Inari provides core insurance policy administration, underwriting dashboards and bordereaux management systems for MGAs, insurance carriers, Lloyd’s syndicates and reinsurance companies worldwide.
It specializes in providing start-up MGAs with easy access to a modern, all-in-one management platform that effectively and cost-effectively manages core business processes and needs. management, freeing up its clients’ time to focus on delivering underwriting expertise.
Frank Perkins, inari Chief Executive Officer, said: “The London market has established itself as a stronghold for highly specialized algorithmic underwriting capabilities. Vi Digital has built a strong team and generating a lot of support as they seek to become leaders in digital trading in specialty lines.
“We are excited to work with Chris, Caspar, and the team at Vi Digital and support their technology, data, and system requirements, prior to launch. We have a shared vision of being the most good at what we do and see this latest partnership as a proof point for inari to become a top-tier solution for the (re)insurance industry.
The CEO of Vi Digital, Caspar Murphy, commented: “The inari team is highly recommended to us as experts in the insurance industry and enthusiasts first, who are invested in creating best of breed solutions for the market.
“As a start-up MGA, the inari platform is a good solution for us, because the onboarding is quick and simple, it is easy for our risk and distribution partners to use, and it fits our tech stack philosophy of partnering with outsourced providers. “
Murphy added: “Inari’s track record and reputation for delivering operational excellence and unlocking reliable and accessible data-driven insights will provide confidence and assurance to our capital providers and clients. , and will enable us to strengthen our competitiveness. We passionately admire Inari’s culture and purpose and look forward to continuing our relationship.