This partnership aims to deliver a tailored underwriting platform solution for Vi Digital as it prepares to soft launch its specialist MGA facility in the London market.
Vi Digital, co-founded in 2021 by Chris Léglu, former head of underwriting at Medical Protection Society, and Caspar Murphy, a banking executive, operates as a follow-only MGA driven by its unique algorithmic-led underwriting decision-making capability. The collaboration with Inari aligns with Vi Digital’s strategy to write a follow-only book on behalf of Lloyd’s market capacity providers.
Based in Barcelona and established in 2017 by Frank Perkins, Inari, along with co-founders Veronique Gob, Jochi Jimenez, and Teresa Madariaga, brings significant re/insurance experience to the table, particularly in markets like Lloyd’s, the US, and Continental Europe. Inari specializes in offering core insurance policy administration, underwriting dashboard, and bordereaux management systems to MGAs, insurance carriers, Lloyd’s syndicates, and reinsurance companies globally.
The core focus of Inari’s services is to provide start-up MGAs with instant access to a modern, all-in-one management platform. This platform efficiently and cost-effectively handles core business processes and management needs, allowing clients to redirect their time towards delivering underwriting expertise. Vi Digital’s partnership with Inari signifies a strategic move towards leveraging cutting-edge technology for streamlined and effective underwriting operations in the evolving insurance landscape.
Speaking about the collaboration, Frank Perkins, Inari Chief Executive Officer, explained: “The London market is establishing itself as a stronghold for highly specialised algorithmic underwriting capabilities. 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. 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.”
Vi Digital’s CEO, Caspar Murphy, also commented, saying: “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. 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.”
Murphy added: “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.”
