Redefining the global (re)insurance market: Vega IT is the official Whitespace integration partner

Categories: Business Insights Date 02-Nov-2023 2 minutes to read
Whitespace Partnerstvo Vizuali News

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    With over 30 years of proven track record in the global (re)insurance market, Whitespace has solidified its position in delivering insurance technologies for brokers and underwriters. If you are or ever have been a part of Lloyd’s, there is a strong chance that underwriting capacity is or was handled using one of their solutions.

    In a world where everyone talks about digital data, the Whitespace platform helps underwriters and brokers offer, negotiate, place, and bind (re)insurance contracts with each other in a truly digital form.

    Building the next generation of cutting-edge digital solutions for the industry

    As part of Verisk company, the Whitespace platform has its own highly experienced and independent in-house team to deliver exceptional results. However, their ever-growing customer base, means they need just the right software development partner for the future.

    As an official Whitespace integration partner with deep domain experience in the insurance industry, Vega IT will support customers moving onto the Whitespace Platform in various ways, including structured data transfer, eradicating re-key, and automated broker and underwriter workflows. Whitespace’s rich set of more than 80 APIs will be critical to this work since this gives Vega IT the building blocks with which they can assemble solutions, having no dependency on Whitespace Platform releases.

    With more than 50 brokers, carriers and third parties experimenting and building out their integrations in our Sandbox, we need a mechanism to scale our expertise so that our customers and collaborators can succeed. Vega IT brings deep domain expertise along with passion and drive to build the next generation of cutting-edge digital solutions for the industry.

    Lee Timms, head of scaling and integrations at Whitespace

    This is a critical juncture in the London insurance market’s digital journey, as many brokers and carriers move to place digital risks on new platforms. Together, Whitespace and Vega IT will develop the strongest practical solutions to help existing users maximise the platform's full potential while enabling new customers to join the Platform as quickly and efficiently as possible.

    Vega IT x Whitespace Webinar

    In November 2024, we co-organised a webinar with Whitespace, where our colleague Luka talked about how we helped one of Whitespace's clients maximise efficiency by integrating their platform with their email client. This allowed them to streamline risk management processes with automated updates that created a better flow of information. This solution boosted collaboration and saved a significant amount of time for brokers and underwriters.

    Additionally, participants had a chance to watch demos from Broker PAS, BPL, Axis Capital, Convex, and DataPro. In the end, Verisk representatives wrapped up the webinar, talking about Whitspace automation, assisted tagging, and premium processing.

    Vega Guardiam Security Architects

    We are excited to partner with Whitespace. With an API-first approach and a focus on the richness and reusability of data, Whitespace is a global leader in efficiency, cost-effectiveness, and global outreach. Combining our deep expertise in insurance and digital product development with such a digitally advanced (re)insurance platform, we are well-positioned to be a strong pillar in co-creating Whitespace's clients' innovative solutions.

    Stanislav Grujic, co-chief technology officer, Vega IT

    What can you expect in 2025?

    In 2025, we will organise a series of events and host some of the most prominent people in the insurance industry. Our next event is scheduled for March 27 in London, during which we will showcase Vega IT’s capabilities and domain expertise, dive deep into the industry trends, and demonstrate the full potential of the Whitespace platform.

    Stay updated through our social media and website for details on upcoming events and how you can join us!

    Drive your success in a highly competitive (re)insurance landscape

    As a Whitespace implementation partner, we’re working at the cutting edge of digital product development, bringing your vision to life with over 800+ experienced developers. With our technical expertise and domain experience, we are helping our clients push the boundaries and gain a competitive advantage.

    Real People. Real Pros.

    Send us your contact details and a brief outline of what you might need, and we’ll be in touch within 12 hours.