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New DCA applications

About the DCA application process

The full DCA application process is used when a new legal entity wishes to establish itself as an approved Lloyd's DCA. Each application requires sponsoring by a Lloyd’s managing agent who perform their own due diligence of the application before it is submitted to the Lloyd’s Delegated Authority team.

The Lloyd’s DCA Due Diligence Questionnaire, available below, includes the areas that Lloyd’s would generally expect a managing agent to consider as part of its assessment. Lloyd’s will rely on the due diligence that a managing agent has carried out and their overall assessment of that DCA.

Download Lloyd’s DCA Due Diligence Questionnaire

Referral criteria

Some applications will require additional conversations or reviews by internal Lloyd’s teams. The sponsoring managing agent is required to review the Lloyd’s referral criteria and assess if the proposed application will require any further discussions within Lloyd’s. The referral criteria explains the additional information that is required to be provided for these referrals.

Note: Please do not submit the application to Lloyd’s until any referrals have been completed. We will return any applications which do not follow the process correctly.

View the referral criteria

Attestation

Sponsoring managing agents are no longer required to submit a DCA decision paper. Lloyd’s will rely on the due diligence that a managing agent has carried out and their overall assessment of that DCA. A signed attestation, confirming the proposed DCA meets all the necessary requirements to become a Lloyd’s DCA; will need to be signed by the managing agent and submitted to Lloyd’s at the mailbox below.

delegated authorities@lloyds.com View DCA onboarding attestations

Lloyd’s Insurance Company SA (“Lloyd's Europe”) is an Insurer authorised and regulated by the NBB and the FSMA, with its Head Office registered in Brussels, Belgium. The process for Lloyd’s Europe is slightly different due to regulatory requirements. A cloud outsourcing questionnaire will need to be completed by the DCA and provided to the LIC Claims team alongside the signed attestation from the managing agent.

LIC - Cloud Outsourcing questionnaire can be found in the additional documents section at the bottom of this page.

Lloyd’s Europe applications also have a separate attestation that needs to be submitted which can be found in the ‘attestation’ section above.

Please submit both the Lloyd’s Europe DCA onboarding attestation and cloud outsourcing questionnaire to LloydsEurope.Claims@lloyds.com.

All the above points being completed, once the application is submitted to Lloyd’s, the Lloyd’s DA Team will then carry out the formal registration process.

DCA Undertaking

Lloyd's requires all DCA’s to sign an undertaking, which reflects the DCA’s relationship with Lloyd's. The undertaking sets out, in clear terms, what Lloyd's expects of DCA’s when they deal with their customers, clients, Lloyd's brokers, managing agents and Lloyd's. The undertaking is designed to formalise the high standards demonstrated by and expected of all DCA’s at Lloyd's. The DCA undertaking forms part of Lloyd's delegated underwriting requirements.

By signing the undertaking, the applicant agrees to act in line with the terms of its binding authority and any local requirements of the territory in which it is based or in which it will trade, provide services or do business.

The applicant also agrees to certain conditions that would apply if Lloyd’s withdrew its approval or otherwise stopped it from accepting business under a binding authority. The undertaking needs to be wet signed (electronic signatures are not accepted) and emailed to us alongside the attestation:

delegatedauthorities@lloyds.com

For LIC DCA’s email the wet-signed undertaking, alongside the attestation and cloud outsourcing questionnaire to:

LloydsEurope.Claims@lloyds.com
Download Undertaking

Additional documents