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.

One touch data capture for all post-bind processing

Features of Stripe

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

For more information or to arrange a personal demonstration of STRIPE® please contact us:

Contact our Head of Insurance Services for an initial chat:

Richard Emmett
Head of Insurance Services

Meet our specialists

Richard Emmett

Head of Insurance Services

James Thompson

IT Consultant

Alberto Sanchez Cabaleiro

IT Consultant

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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).