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Advent: Delegated Authority Portal Solution
Managing Agent Case Study
Thursday 22 April 2021
Time: 11.00 - 12.00
Event: Microsoft Teams
Registration will close 24 hours before the presentation is due to start. An email will be sent with the joining details to all those that have registered.
All claims contacts.
Paul Bermingham, Managing Director, Advent and Duncan Pease, Head of Cyber Claims, Axis will discuss Advent's case study on the solution to fixing the issues with the existing DA bordereau and funding model.
The DA Portal offering from Advent (LIBRA) consumes the binding contract contract, and then allows all claims populated by the DCA to be validated on submission. This then automates accurate and timely market reporting. LIBRA uses Vitesse for centralised global loss funding and to effect real time claims settlements. This streamlines the bordereau processing through the bureau with Advent processing the bordereau on behalf of all stakeholders.
Attendees will gain an overview and understanding of Advent's solution to managing DA claims, which looks to address some of the market’s current pain points.