Special Ep: Navigating the DDM switch-off with Paul Templar CEO of VIPR

Today’s guest is Paul Templar, CEO of insurance technology
solutions specialist VIPR. VIPR started out in the London Market
14 years ago and it’s best known for providing software solutions
to the endless administrative problem of the ingestion and
checking of data in the Delegated Authority (DA) space. And this
goes right to the heart of what Paul and I are going to talk
about today. This year is highly significant for carriers writing
Delegated Authority business in the London Market because DDM –
the system that they use to process this business into Lloyd’s -
is going to be retired in September. LIMOSS - the not-for-profit
body in charge of sourcing and operating common services for the
London Market has confirmed the change. So, in just under nine
months, a method of underwriting that produces around 40% of
London Market premiums is going to take a big step into the
unknown. There is an awful lot at stake and a huge amount of work
has to be done between now and the autumn. And that’s why I am
really grateful to have Paul as an expert guide through this
potential maze. Paul is a great ambassador for his company and
the wider market and I can’t think of a better-qualified advisor
as the market transitions from a centralised service model to one
that is likely to be driven by data standards. NOTES: DDM is an
abbreviation of Delegated Data Manager. It traces its origins
back to the DA Sats system. LIMOSS stands for London Insurance
Market Operations & Strategic Sourcing LINKS:
https://viprsolutions.com/