Bordereaux Sync
Our AI-powered data repair and cleansing tool ensures the best start for bordereaux journeys.
Bordereaux Sync, a powerful new AI tool from CT InsureTech, developed with Microsoft, is a smart technology assistant that screens all bordereau files and records within before transferring them to a bordereaux management system such as Tide or ANY bordereaux management system.
What makes Bordereaux Sync so powerful is the combination of generative AI and agentic AI. Bordereaux Sync is a standalone SaaS application that employs the latest AI technology to spot errors and inconsistencies. It will cleanse and repair faulty data before forwarding it to a counterparty and can be used by anyone in the insurance community who needs to handle bordereaux.
Tide overview
Tide provides a single, centralised, highly automated way to view and manage bordereaux, ensuring the smooth flow of delegated business across all touchpoints and parties. Tide can assist as a binder management solution.
The platform enables risk, premium and claims data to be received on time and stored centrally in formats that are validated, standardised and approved.
The result is bordereaux data that are easy to manage and analyse, leading to more informed business decisions and increased operational efficiency.
London market origins
Tide is a proven bordereaux solution. Originally developed for the London Market, Tide is a key component of the digitalisation and modernisation programme that has been transforming the world’s largest insurance hub over the last few years. Tide has evolved and is suitable for the wider global market that are facing global bordereaux challenges.
Tide also underpins Delegated Data Manager (DDM) as an elective model in the London market and beyond. CT InsureTech offers Delegated Data Manager (DDM) to London Market clients as an elective market service via LIMOSS.
DDM is powered by Tide. DDM can help all parties report their Delegated Authority business effectively. DDM provides the market with standardised risk, premium and claims data for Delegated Authority arrangements.
Key features and benefits
Automation
Tide provides end-to-end automation, eliminating manual processing and bottlenecks that add time and expense to bordereaux management and increase the risk of errors. Time saved on administrative tasks can be spent on other services that add value to the business.
Powerful and secure SaaS delivery
Tide is a cloud-based SaaS platform hosted in Azure. Built from the ground up, it benefits from Azure’s 24/7 availability. Tide’s in-built security function, with specific user security at each level, allows for both multi (company) and single level access.
Standardisation and consolidation
Bordereaux can be uploaded to Tide round-the-clock from anywhere in the world, making it easy for insurers to extract and process data. Consolidation is achieved using a questionnaire that filters data submissions into a single, standardised dataset that avoids duplication. Data processing rules can be created to make some datasets mandatory while others can be configured as required.
Better decision-making
More informed business decisions are possible because data is extracted and analysed in a standard format and there is greater clarity and transparency.
Intuitive and user friendly: The user interface makes it easy to handle and process data, an in-system guide is available to all users.
Speed, versatility, scalability
Inbuilt APIs within Tide can consume data from any source in any format, which can be rapidly validated and cleansed, including manual uploads, and Tide will scale to accommodate growing volumes of data.
Highly focused data visibility
Tide has a powerful business intelligence (BI) capability. Data can be analysed within the Tide BI toolset or imported directly into ‘user’s’ warehouse to enable data analytics leading to better business decisions.
Meeting the challenge – giving you options
Managing bordereaux can be complex, time-consuming and costly. As insurers and their coverholders know only too well, every bordereaux journey presents many challenges.
For example:
- Inconsistent bordereaux formats
- Slow and error-prone manual processing
- Data that can require collating and extensive cleansing
- Incomplete or inaccurate data
- Delays as information is passed back and forth between multiple systems and parties
- Maintaining credit control and ensuring compliance
Digitalisation and insurtech are transforming core insurance activities, and bordereaux management is a vital part of this change.
Tide enables you to mitigate the challenges and manage bordereaux quickly and efficiently with a cloud-based platform that maps, cleanses, and validates data and then outputs it in a standard format.
