Underwriting Management

Underwriting management principles, minimum standards, guidance and advice.

> Underwriting strategy and planning

The managing agent has an effective process for challenging the annual business plan which itself forms part of the long-term plan for each managed syndicate.

> Underwriting and controls

The managing agent has effective systems and controls over each managed syndicate's underwriting.

> Delegated authority

The managing agent has effective systems and controls wherever underwriting authority has been delegated to another entity.

> Pricing and rate monitoring

The managing agent has appropriate pricing methodologies and effective rate monitoring processes.

> Exposure management & assessment

The managing agent has effective systems and processes to record, monitor and assess its underwriting exposures.

> Reinsurance

The managing agent has effective controls over its outwards reinsurance arrangements.

> Data quality

There are effective systems for the recording and reporting of underwriting-related data to management and Lloyd's.

Lesley Kelly

Lesley Kelly
Manager, Standards Review

t: +44 (0)20 7327 5551
lesley.kelly@lloyds.com