Markel Insurance has announced a partnership with Verodat, a specialist data management and AI delegated data platform provider, as part of its continued investment in data-driven underwriting and delegated authority oversight.
Through Verodat’s bordereaux solution, Markel will be able to collect, process and gain deeper insights into data from delegated partners more efficiently.
“Rising data and regulatory demands mean insurers must modernise how delegated data is managed and used. Verodat supports our push for better quality data and more efficient bordereaux processes, helping us deliver a clearer and more responsive service for brokers and coverholders,” Kate Johnson, director of operations at Markel International, said.
The system is designed to analyse and break down non-standardised bordereaux data into clearer, actionable insights, helping underwriters identify trends, monitor portfolio performance and make better-informed decisions.
Improved access to timely, high-quality data will strengthen collaboration between Markel, brokers and coverholders by enabling faster processing, clearer oversight and more effective feedback on data quality.
It will also support stronger governance and regulatory compliance across Markel’s delegated authority business.
“The delegated authority market has had a data problem for years – manual processes, offshore workarounds, and aggregated outputs that lose the granularity underwriters actually need. Verodat was built to change that,” Thomas Russell, founder and CEO of Verodat, said.
He added: “We’re proud to be partnering with Markel on this – it’s a strong signal that the market is ready to do things properly. When bordereaux data is clean, complete and fully traceable from source to system, everything downstream – governance, reporting, and AI – becomes possible.”
Patryk Goron
Ltd
