Vidende supports the right decisions at the right time to consistently drive tangible business value. Vidende ensures that all parties involved in third party management (reinsurers, brokers, insurers, MGAs, TPAs, outsourced functions and insured) are aligned. This helps with providing value, building long term partnerships and managing risk effectively. ​

We have created a collaborative environment where related parties can shape, share, oversee, and report the knowledge that makes their contribution to the distribution chain unique, as well as accommodating the new business and external requirements that the insurance industry faces.

Key features of Vidende for insurance:

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Our Insurance Programmes

Manage multiple processes in one location, our programmes can help nunc nulla. Suspendisse faucibus, nunc et pellentesque egestas, lacus ante convallis tellus, vitae iaculis lacus elit id tortor. Aliquam lobortis. Pellentesque libero tortor, tincidunt et, tincidunt eget, semper nec, quam. Praesent nonummy mi in odio.

Onboarding​

Onboard coverholders, TPAS and other third parties, for DUA teams allowing coordination across internal teams and coverholders​

• Improves due diligence​

• Demonstrable agents selection based on risk appetite​

• Evidence of senior management challenge​

• Clear and transparent Board business assurance​

• Challenges level of alignment of interest​

Risk Profile Monitoring​

A common platform for selected parties (reinsurers, carriers and coverholders) to monitor performance and share information​

• Greater alignment of interest​

• A framework to monitor agent’s risk profile against management tolerances​

• Greater oversight of agents individual performance and its effect on strategic goals​

• Transparent escalation of key issues​

• Enhanced decision making​

Auditing​

An audit management system supporting remote audits and self assessment of Coverholders, TPA and any other third party.​

• Business assurance in real time for all stakeholders​

• Enhanced audit quality ​

• Reduced assurance costs through coverholder self assessment and remote auditing​

• Identification of emerging risks by country, agent or risk category​

Controls monitoring​

Active monitoring of coverholder performance against defined risk appetites​

• Identification of consistent standards at country, business line, risk category or any other attribute within the system​

• Identification of thematic control issues​

• Enhanced oversight ​

• Greater insight into third party practices​

• Oversight over third party relationships​

Technical Reviews​

A simple and efficient framework for claims and underwriting file reviews aimed at agents and TPAs​

• Improves remote auditing​

• Identifies best practice​

• Improves standardisation and supports​

• Enforces consistent standards and definition of expectations​

• Identifies business opportunities where refinement is required​

Thematic reviews​

A common platform for selected parties (reinsurers, carriers and coverholders) to monitor performance and share information​

• Greater alignment of interest​

• A framework to monitor agent’s risk profile against management tolerances​

• Greater oversight of agents individual performance and its effect on strategic goals​

• Transparent escalation of key issues​

• Enhanced decision making​