Hercules Tackles Manual Bordereaux Data Challenges to Reduce Risk and Scale Delegated Authority

Updated platform removes rekeying and normalization work while embedding verification directly into delegated authority workflows 

San Jose, Calif. and LONDON — Jan.22, 2026 — Hercules, an AI-powered workflow automation platform, today announced the latest update of Hercules for Bordereaux Management. Debuting at ITC London 2026, the platform addresses some of most pressing challenges in the London delegated authority market: poor data quality and manual oversight. By moving beyond manual binder and bordereaux processing to a dedicated AI-enabled platform, Hercules delivers consistent data quality, transparency, and enforcement of binding authority terms, enabling brokers, managing general agents (MGAs), and insurers to prevent premium leakage, reduce remediation and scale delegated portfolios with confidence.

As delegated authority captures a growing share of global premiums, the operating model supporting bordereaux has struggled to keep pace. In London alone, tens of thousands of bordereaux are processed each month, with acquisition and administrative costs consuming up to 40% of premium income. Much of that cost is driven by manual data transformation - rekeying, reformatting, and normalizing bordereaux across spreadsheets, PDFs, and market templates - before any meaningful review can even begin. Yet despite this effort, most data are still checked retrospectively and only by sampling. The absence of a reliable verification layer forces brokers, MGAs, and insurers to rely on manual reconciliation, delaying insight, driving premium leakage, and eroding confidence in the data that underpins underwriting authority and reduce the cost of administration.

"Delegated authority hasn’t struggled because of data volume, rather It struggled the operating model was never built for verification at scale,” said Alex Babin, CEO of Hercules. “This is fundamentally a trust problem. When data are checked after the fact and only by sampling, errors propagate and risk compounds. Hercules applies verification across every data point, at every step without relying on manual rekeying or after-the-fact reconciliation so issues can be proactively identified and remediation cycles can be stopped before they begin.”

From manual transformation to continuous verification

Bordereaux management has evolved from a processing challenge into a verification challenge. As delegated authority market has boomed, this challenge has been compounded. Firms increasingly have relied on manual review, inconsistent submissions, and after-the-fact reconciliation to determine whether the data they received could be trusted. Fragmented file formats force teams to manually rekey, reformat, and normalize bordereaux before any meaningful review can begin, introducing cost, delay, and error into the process.

Hercules is an AI-powered platform designed to eliminate manual work and error prone verification processes in delegated authority workflows. The platform speeds up bordereaux processing by converting data from any source into a standardized format and translating underwriting contracts into executable business rules. Every submission is then verified line by line against agreed terms, including written shar e, terms, limits, and conditions. This shifts delegated authority from retrospective checking to proactive verification, allowing firms to prevent premium leakage, reduce remediation, and scale delegated portfolios with confidence.

Key capabilities include:

• Elimination of manual data transformation: Automatically converts bordereaux from Excel/CSV, PDF into standardized data, removing rekeying, reformatting, and normalization work.

• Cell-by-cell verification against binder terms: Ensures every entry complies with contractual agreements before data are booked.

• Binder breach detection and exposure tracking: Flags issues such as unauthorized territories or limit breaches before silent risk accumulates.

• Audit-ready outputs: Supports regulatory confidence, reinsurance recoveries, and claims reserve accuracy.

• Exception-led workflows: Surfaces only material issues for human review, reducing operational burden while preserving underwriting judgment.

Market deployment and partnership

Hercules partners with Ecliptic Technology to bring a verification-first delegated authority solution to the Lloyd’s market through an integration with Ecliptic’s ARIES governance platform. Together, the solutions enable an end-to-end delegated authority workflow where manual data transformation is removed and verification is embedded directly into market operations.

“The market can no longer afford to be data-rich but results to be confidence-poor,” added Babin. “By verifying data at the point it enters the workflow, Hercules improves regulatory confidence, strengthens downstream reporting, and frees underwriters to focus on complex risk rather than reconciliation.”

Hercules for Bordereaux Management is available now. To learn more, visit https://www.hercules.ai/bordereaux.

About Hercules

Hercules provides the new standard for workflow automation in industries where business is complex and rules are non-negotiable. By bridging the gap between human expertise and machine scale, Hercules ensures that complex contracts are translated into precise financial action. Headquartered in California with global operations, Hercules helps firms capture every dollar and scale without limits. Learn more at hercules.ai.

Media Contact

Heather Racicot, PR for Hercules, hracicot@hercules.ai,  360-632-5616