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.
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.
Service Company
When a managing agent wishes to establish a new service company - or a branch of an existing service company.
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.
Customer Oversight Referrals
Understand the referral triggers for fair value, master policies, group policies and removal of authority at short notice referrals.
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.
Tools & systems
An overview of key systems used to manage coverholder information and binding authorities, including ATLAS, DCOM, Lineage and Crystal.
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.
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.
Attestations and Referral Criteria
Referral criteria
Attestations
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Contact us
If you have a Coverholder related query, please do not hesitate to get in touch.
