(Image credit: Peter Albanese/Unsplash.)
Vi Digital, a startup MGA based in Swindon, Wiltshire, has contracted inari, a Barcelona-based core technology infrastructure provider for the global insurance and reinsurance industry, to provide insurance distributor with an underwriting platform solution tailored to its requirements.
Co-founded in 2021 by Chris Léglu, former head of underwriting at Medical Protection Society, and Caspar Murphy, a banking executive, Vi Digital is a follow-only MGA that describes itself as driven by its own unique algorithmic-led underwriting decision-making capability. Vi Digital says its relationship with inari is aligned to the company’s plans to soft launch its specialist MGA facility in the London market, writing a follow-only book on behalf of Lloyd’s market capacity providers.
Founded in 2017, inari provides core insurance policy administration, underwriting dashboard and bordereaux management systems for MGAs, insurance carriers, Lloyd’s syndicates and reinsurance companies worldwide. Inari specializes in providing start-up MGAs with instant access to a modern, all-in-one management platform that efficiently and cost-effectively handles core business processes and management needs, freeing up its clients’ time to focus on delivering underwriting expertise.
“The London market is establishing itself as a stronghold for highly specialized algorithmic underwriting capabilities,” comments Frank Perkins, CEO, inari. “Vi Digital is building a strong team and generating a lot of support as they aim to become leaders in digital trading of specialty lines.”
“We are excited to be working with Chris, Caspar, and the team at Vi Digital and supporting their technology, data, and systems requirements, ahead of launch,” Perkinds adds. “We have a shared vison of being best-in-class at what we do and see this latest partnership as a proof point for inari becoming a top-tier solution for the (re)insurance industry.”
Tech Stack Philosophy of Partnerships with Outsourced Providers
“The inari team were highly recommended to us as insurance industry experts and enthusiasts first, who are invested in creating best of breed solutions for the market,” comments Caspar Murphy, CEO, Vi Digital. “As a start-up MGA, inari’s platform is a good solution for us, as onboarding is quick and simple, its characteristically easy for our risk and distribution partners to use, and it fits with our tech stack philosophy of partnerships with outsourced providers.”
“Inari’s track record and reputation for delivering operational efficiency and unlocking reliable and easily-accessible data-driven insights will provide confidence and reassurance to our capital providers and clients, and will enable us to strengthen our competitive edge,” Murphy adds. “We are keen admirers inari’s culture and purpose and look forward to continuing our relationship.”
Inari was launched by Frank Perkins with three co-founders Veronique Gob, Jochi Jimenez and Teresa Madariaga, all with significant re/insurance experience in markets such as Lloyd’s as well as US or Continental Europe.