Stripe Global Services - Pro Global

Stripe Global Services

The post placement technology specialist

Faster Process. Greater Control. Reduced Risk

The commercial (re)insurance industry suffers from operational inefficiencies that have a significant influence on competitiveness and profitability. Re-keying, accuracy of data and extended processing timeframes are all leading to inflated operating costs. The markets are now shifting towards a greater use of electronic platforms to deal with these challenges.

STRIPE® delivers a highly efficient re-engineered process for all participants in the value chain.

For (re)insureds STRIPE® streamlines and simplifies the management of ceded reinsurance through agile distribution, process transparency and direct settlement of premium and claims.

For reinsurers STRIPE® transforms data and delivers messages in the required format, reducing manual intervention, duplication and error rates. STRIPE® also improves process efficiency, delivering cost savings of 30%+, and improves service levels to brokers and clients.

For brokers STRIPE® ends traditional costly back office processing, accounting and money handling, allowing them to focus on high-value client activities.

Unique Technology

Offering unique technology to insureds, reinsureds, brokers and carriers for premium and claim management. STRIPE® is a web-based allocation and distribution platform for all post bind transactions that streamlines processes, reduces cost and improves cash flow. Providing a single point of access to transform and transmit data using ACORD standards, Bureau messaging, interactive e mails and 24/7 web access.

Since its launch, the global user community has grown to over 400 entities including insureds, risk managers, cedants, brokers and carriers; all of which collectively exchange tens of thousands of transactions each year.

STRIPE® is hosted and managed by Stripe Global Services Limited, an operating subsidiary of Pro Global Holdings Ltd. Pro is the global service provider focused solely on the (re)insurance industry, delivering flexible outsourcing solutions for live and run-off business, alongside audit and operational consultancy services.

Features

Rapid Processing. Shortened processing cycle times with automation & integration.

Easy Deployment. Easy Deployment Simple to implement, no impact on IT infrastructure.

Fully Scalable. No constraints on processing or data capacity.

Clear Financial Data. Credit control interface to simplify reconciliation.

Wide Adoption. An increasing global user community of 400 insureds, (re)insureds, brokers & carriers.

Powerful Analytics. Bespoke dashboard delivering management information.

Totally Secure. Hosted and managed with the highest standards of security.

International Assurance. Controls and procedures maintained in accordance with ISAE 3402.

Digital Communication. Immediate message delivery that is secure, evidenced and auditable.

Contact

Speak to our team to find out how STRIPE® could help you to speed up your processing cycles and clarify your financial data.

To contact our Head of Insurance Services for an initial chat about our insurance services capabilities:

Richard Emmett
Head of Insurance Services

Meet the team

Richard Emmett

Head of Insurance Services

UK

Profile

Louisa Pavis

Head of Digital Services

UK

Profile

James Thompson

Senior Consultant

UK

Profile

Latest Insights

Apr 10, 2024
Responding to Rising Demand: Agency Portfolio Review in the North American P&C Insurance Market

Momentum is set to continue for the US P&C insurance market, according to Swiss Re, which predicts premium growth of 7.0% and 4.5% respectively in […]

Read More
Mar 25, 2024
Five Key Takeaways from Insurtech Insights Europe 2024

The 2024 Insurtech Insights Europe Conference in London was once again a hive of activity and dynamic discussions – a resounding success, gathering industry leaders, […]

Read More
Mar 21, 2024
Robust, Reliable Review: The Three ‘Rs of Working With Regulators to support Carrier Audits

The lens through which North American insurance regulators see the sector is constantly adapting to stay focused on the dynamic shifts taking place on the […]

Read More

Contact the team

+44 (0)207 068 8000
getintouch@pro-global.com
JOIN OUR TEAM
MEET OUR TEAM
PRO MGA SOLUTIONS
© Copyright 2024 Pro Insurance Solutions Limited. All rights reserved.
The Pro Group includes companies authorised and regulated in a number of jurisdictions including the UK that operate under the Pro Global Brand (with the exception of Pro MGA Global Solutions Ltd and its associated companies). Pro Global Holdings Limited is a holding company, registered in England and Wales, whose registered office is One America Square, 17 Crosswall, London EC3N 2LB (Reg No. 10532385).
Pro MGA Global Solutions is a trading brand of Pro MGA Solutions Limited which is a company incorporated and registered in England and Wales, whose registered office is One America Square, 17 Crosswall, London EC3N 2LB (Reg No. 10575665). Pro MGA Solutions Limited is authorised and regulated in the UK by the Financial Conduct Authority (FRN: 770419).