What Is a Lloyd's Managing Agent? Delegated Authority Explained | Paul Templar

Half a million bordereaux processed every year. Roughly half of Lloyd's Managing Agents as customers. And a data problem so persistent that Paul Templar has spent 17 years building the company that solves it.In Episode 166 of InsurTechTalk, Paul Templar, Co-Founder and CEO of VIPR Solutions, breaks down what Delegated Authority actually is, why bordereaux data remains one of the hardest unsolved problems in insurance, and why the US market is surprisingly further behind on this than most people assume.In this episode:▸ Delegated Authority 101: managing agents, Lloyd's brokers, and coverholders explained plainly▸ Why bordereaux data is still a mess after decades of "digital transformation"▸ The 11-year CTO-to-CEO transition, and what actually changes when you take the top job▸ What happened when VIPR closed its first private equity round during COVID▸ Why the US market's data problem is more complex than London's, not less▸ VIPR's AI philosophy: deterministic outputs, human-in-the-loop, and why hallucination is unacceptable in a regulated environment▸ The token cost conversation most vendors aren't having with their prospects▸ His closing argument: the industry needs to simplify data submission, not add more standardsLearn more: https://viprsolutions.comInsurTechTalk by InsurTech.me is the podcast for insurance professionals, InsurTech founders, and anyone who wants a no-BS look at where the industry is headed. New episodes every week.