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Delegated Contract and Oversight Manager

Supporting coverholder onboarding, facility placement and binder registration

Delegated Contract and Oversight Manager (DCOM) is a new platform that will allow users to create and register binding authority contracts, and provide an end-to-end compliance check for new and existing Coverholders and DCAs.

It is being developed in partnership with the market to make it easier, faster and more cost-effective to do Delegated Authority business. We are targeting the end of June 2021 for market wide adoption of the contract management functionality.

About Delegated Contract and Oversight Manager

Key contract management functionality

Binder registration

Delegated Contract Manager will manage the registration of all new contracts. The system can perform binder validation checks at an earlier stage, leading to better quality data and less re-work.

Creation of binding authority contracts

The optional Contract Builder tool will enable delegated authority contracts to be produced upfront in an electronic manner with automated data validation checks being conducted as the contract is being produced.

Renewal of existing binding authority contracts

Delegated Contract Manager can copy relevant data from the previous contract to speed up the renewals process.

Collaboration on binding authority contracts

Delegated Contract Manager will allow all parties to collaborate in real time on a contract, showing amendments by the contract creator at the request of the leader.

What are the benefits?

Delegated Contract & Oversight Manager updates

23 March 2021 Update on Delegated Contract and Oversight Manager launch – get ready

On 23 March we announced our plans to roll out the contract management aspect of DCOM to the market at the end of June 2021. Read on to find out Lloyd’s approach for onboarding and training market firms.

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