Sikich partners with VIPR Solutions to expand Insurtech services in the US

Sikich partners with VIPR Solutions to expand Insurtech services in the US | Insurance Business America

Technology

Sikich partners with VIPR Solutions to expand Insurtech services in the US

Collaboration addresses data and compliance challenges in US program business insurance

Technology

By
Kenneth Araullo

Sikich, a Chicago-based provider of technology-enabled regulatory, quality, and compliance solutions in the insurance technology sector, has announced a strategic partnership with VIPR Solutions.

VIPR specializes in delegated authority business, focusing on underwriting authorities granted by insurers to third parties such as managing general agents, brokers, and coverholders. The company offers software solutions tailored to the program business insurance sector, including data management, compliance, and regulatory tools.

According to Sikich, this collaboration strengthens the firm’s commitment to the insurance industry and its role as a systems integrator for VIPR’s US operations. The partnership aims to enhance local implementation and provide first-line support across various time zones, supporting VIPR’s growing presence in North America.

Sikich’s extensive range of professional services positions the firm to address complex challenges faced by businesses today. Through this partnership, Sikich aims to apply its experience to support the growth and market expansion of VIPR’s technology solutions within the US program business insurance sector.

Rahul Bhatia (pictured above), principal of Sikich’s insurtech practice, commented on the partnership, noting that as a systems integrator for core insurance platforms, Sikich often encounters clients dealing with data and reporting challenges, particularly related to Bordereaux reporting.

“Partnering with a global best-in-class solution like VIPR allows us to seamlessly implement and integrate into our customers’ technology ecosystems, effectively addressing key data challenges and driving better business outcomes,” Bhatia said.

Tony Russell, chief revenue officer of VIPR Solutions, emphasized the importance of the collaboration, stating that partnering with Sikich, a reputable US professional services firm, is a crucial part of VIPR’s strategy to expand in North America.

“This relationship is a critical step in our strategy to expand VIPR’s presence in North America and ensure that our customers receive top-tier support and implementation services. Together, we are well-equipped to deliver transformative solutions that meet the evolving needs of the program business insurance industry,” Russell said.

What are your thoughts on this story? Please feel free to share your comments below.