Delegated Authority oversight

Delegated Authorities

Lloyd’s aim is to be the market of choice for sustainable, profitable delegated business partnerships. Find information on Delegated Authority Oversight including best practice guidance, market tools, and coverholder approvals.

Coverholders

Delegated underwriting refers to an arrangement under which a Managing Agent of a syndicate delegates its authority to a coverholder to enter into contracts of insurance on behalf of the syndicate.

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Delegated Claims Administrators (DCA)

Delegation of claims refers to an arrangement under which a Managing Agent of a syndicate delegates its authority to a Lloyd’s approved DCA to settle claims on behalf of the syndicate.

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Service Company

When a managing agent wishes to establish a new service company - or a branch of an existing service company.

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Resources

Designed for Coverholders, Service Companies and those that work with Delegated Authority business.

Changes to permissions

Required criteria and processes for any post approval changes to coverholder details or extensions of authority.

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Customer Oversight Referrals

Understand the referral triggers for fair value, master policies, group policies and removal of authority at short notice referrals.

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Market guidance and requirements for Delegated Authority

Oversight information relevant to Managing Agents, brokers and stakeholders who are not a coverholder or a third party.

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Tools & systems

An overview of key systems used to manage coverholder information and binding authorities, including ATLAS, DCOM, Lineage and Crystal.

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E-learning

Useful training modules and the registration details.

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Glossary

Delegated authority glossary of terms.

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Lloyd's Europe

Lloyd's Europe brings the scale, expertise and capacity of the world's specialist insurance market closer to its customers in Europe through a locally staffed and regulated insurer.

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Our approach to third party oversight

Lloyd’s aim for the DA strategy is to be the market of choice for sustainable, profitable delegated business partnerships where interests are aligned.

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