VCA Software

Automate Your Bordereau Reports With Cutting-Edge Software

If you want to handle Lloyd’s of London claims, you have to comply with comprehensive bordereau reporting requirements. VCA’s bordereau reporting software turns this arduous chore into a simple task.

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Key Benefits of VCA’s Bordereau Reporting Software

Speed

Calculations are performed and reports are created with the push of a button.
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Automation

Data is pulled from claims files to make bordereau reporting easy.

Precision

Automation isn’t just faster and easier; it’s also more precise.

Ease

You only need to set up your system once. Once you accomplish that, bordereau reports are a breeze.
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Peace of Mind

You no longer have to worry about making a mistake on complex calculations.

Fewer Headaches

Once you no longer have to worry about reports, you can focus on more rewarding tasks.

Hear What Others Say About VCA Bordereau Reporting Software

"This software clearly demonstrates a fine marriage of technology and real-world claim handling requirements. It is particularly well adapted to the requirements of the Lloyds market and responds equally well to the local market.”


Robert
RobertPresident, TPA Firm
"We chose VCA because of its flexibility to meet our clients' varied needs for communications, financials and reporting. VCA was able to craft to those needs without forgoing any of the larger, broad based out of the box features the product provides. In short, VCA gave us and by extension, our clients, the best of both worlds. The software is intuitive and delivers essential real time information to our clients when they need it.”
David
DavidChief Information Officer, TPA Firm
"This software clearly demonstrates a fine marriage of technology and real-world claim handling requirements. It is particularly well adapted to the requirements of the Lloyds market and responds equally well to the local market.”
Robert
RobertPresident, TPA Firm
"We chose VCA because of its flexibility to meet our clients' varied needs for communications, financials and reporting. VCA was able to craft to those needs without forgoing any of the larger, broad based out of the box features the product provides. In short, VCA gave us and by extension, our clients, the best of both worlds. The software is intuitive and delivers essential real time information to our clients when they need it.”
David
DavidChief Information Officer, TPA Firm
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Key Features of VCA’s Bordereau Reporting Software

Data Capture

The software captures Lloyd’s data within each claim, reducing the amount of work and manual entry required, while reducing the risk of errors and rework.

Automation

When you identify a claim as a Lloyd’s claim, details populate automatically. When you’re ready to run a bordereau report, it’s as easy as pressing a button.

Compliance

The reports produced by VCA’s bordereau software are 100% compliant with Lloyd’s of London specifications, so you can finally take on Lloyd’s claims without so many extra steps.

How VCA Bordereau Reporting Software Works​

1

Set-up Contracts

Setting up the Unique Market Reference (UMR) for your contracts is the most time-consuming step, but it only needs to be done once, and the software guides you through the process. Just complete the fields with all of the requested information. This will involve things like the agreement number, high-level class of business and risk codes.

2

Identify Lloyds Claims

When entering claims, identify them as Lloyd’s claims. The software will then show fields that are specific to Lloyd’s, and it will pull details from the UMR so you don’t have to enter than information manually each time.

3

Run Reports

Once you’ve wrapped up a claim, completing your bordereau report is as easy as clicking a button. Click the Admin icon and select Administrative Reports. The Lloyd’s bordereau report options will appear alongside the other reports that VCA offers. (This option only appears if the Lloyd’s module is turned on.)

Frequently Asked Questions About Bordereau Reporting Software

VCA claims management software supports standard Lloyd’s reports. This includes Lloyd’s Standard Bordereau, as well as Lloyd’s Standard Bordereau with Certificate Allocation, Lloyd’s Management Information (MI) Report and Lloyd’s Solvency Report.

Yes! The VCA system is designed to make it easy to show shared risk for claims. Once you’ve identified a claim as a Lloyd’s claim, relevant fields will appear, including shared risk.
The VCA software handles the required calculations. It also pulls data from your claims and UMRs. Not only does this save you a considerable amount of time, but it also eliminates worries over mathematical errors.
Yes! Many TPAs and independent adjusting firms don’t use the same terms as Lloyd’s. To address this issue, the VCA system lets you map your terms to the terms that Lloyd’s uses. You only need to do this once. After you’ve completed the one-time mapping process, the VCA system will automatically convert the terms as needed to create your bordereau reports.
Yes! Like the rest of VCA’s claims management software, the Lloyd’s bordereau reporting module is cloud-based. This makes it easy for your team to access the software whenever and wherever it’s needed.

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