Markel Insurance has teamed up with data management and data platform provider Verodat. The move is aimed at improving access to high-quality data and strengthening collaboration between Markel, brokers and coverholders by enabling faster processing, clearer oversight and more effective feedback on data quality.

Markel said that through Verodat’s bordereaux solution, it will be able to collect, process and gain deeper insights into data from delegated partners more efficiently. The system is designed to analyse and break down non-standardised bordereaux data into clearer, actionable insights, helping underwriters identify trends, monitor portfolio performance and make better-informed decisions.

It is also intended to support stronger governance and regulatory compliance across Markel’s delegated authority business.

Kate Johnson, director of operations at Markel International, said: “Rising data and regulatory demands mean insurers must modernise how delegated data is managed and used. Verodat supports our push for better quality data and more efficient bordereaux processes, helping us deliver a clearer and more responsive service for brokers and coverholders.”

Thomas Russell, founder and CEO of Verodat, added: “The delegated authority market has had a data problem for years – manual processes, offshore workarounds, and aggregated outputs that lose the granularity underwriters actually need. Verodat was built to change that. We’re proud to be partnering with Markel on this – it’s a strong signal that the market is ready to do things properly. When bordereaux data is clean, complete and fully traceable from source to system, everything downstream – governance, reporting, and AI – becomes possible.”