LimeIQ

Overview

LimeIQ is a data intelligence platform built to streamline bordereaux (BDX) data management in the Lloyd’s market. It automates data ingestion, validation, aggregation, and analysis, eliminating manual inefficiencies and establishing a single source of truth.

LimeIQ ensures that Managing Agents, brokers, and DCAs have access to clean, structured, and real-time data. It standardizes bordereaux reporting, performs FCP reconciliation, and delivers actionable insights that enhance accuracy, transparency, and operational efficiency.

Designed as a light-touch solution, LimeIQ integrates seamlessly into existing workflows. It enables faster, more confident decision-making, improves data clarity at the source, and strengthens collaboration across the market. By turning fragmented data into a unified, reliable repository, LimeIQ helps stakeholders streamline operations, minimize manual errors, and optimize performance.

Key Features

BDX Validation

LimeIQ validates BDX data at the source, detecting and flagging critical and non-critical errors before they impact underwriting, claims, or reporting. It ensures compliance with Lloyd’s validation standards and improves data accuracy across the market.

FCP Reconciliation

LimeIQ reconciles BDX data with Vitesse cashbook transactions to ensure alignment and surface variances.

Each month, Managing Agents can upload FCP cashbook files via secure SFTP or the LimeIQ platform, which are then automatically loaded into the platform. As DCAs submit their monthly BDX, LimeIQ matches the transaction by UMRs and claim references to identify discrepancies between reported payments and financial records.

LimeIQ users move through an approval workflow where DCAs review and submit any flagged variances. Managing Agents have full visibility into the process and approve and comment on variances for logging and audit purposes.

Additional Features

Automated Bordereaux Management

LimeIQ ingests, standardizes, and reconciles BDX data in real time, reducing manual processing and ensuring consistency across stakeholders.

Unified Data Aggregation

LimeIQ consolidates data from Managing Agents, brokers, and DCAs, into intuitive dashboards, eliminating silos and increasing data transparency.

Intelligent Reporting & Insights

LimeIQ delivers real-time reporting and analytics to enhance underwriting, claims management, and portfolio performance. It identifies trends, optimizes risk assessment, and tracks key performance indicators (KPIs) for claims management, providing stakeholders with clear, data-driven insights for better decision-making.

Seamless Integration

LimeIQ integrates seamlessly into existing workflows without requiring APIs or major system changes. It enhances efficiency while preserving established processes.

Benefits

LimeIQ removes inefficiencies at every level of the bordereaux management process, enabling Managing Agents, brokers, and DCAs to operate with greater accuracy, speed, and confidence.

For Managing Agents

• Ensure accurate bordereaux reconciliation with Vitesse cashbook transactions.
• Reduce delays and discrepancies with real-time data validation.
• Enhance transparency by eliminating fragmented data and establishing a single source of truth.

For Brokers

• Automate bordereaux processing and reconciliation across multiple DCAs.
• Eliminate manual manipulation with validation checks providing real-time feedback to help correct errors before submission.
• Reduce query loops by validating data before market entry.
• Streamline workflows and accelerate turnaround times.

For DCAs

• Standardize data submissions to eliminate inconsistencies.
• Minimize validation issues through pre-submission reconciliation.
• Reduce delays and errors with automated compliance checks.
• Enhance market collaboration with clean, reconciled data.