Third Party Oversight
(Delegated Authority)
This section has been designed for Coverholders, Service Companies and those that work with Delegated Authority business.
Delegated Authorities
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.
More on Coverholders and Service Companies
Considerations before you apply
Find out what you will need to consider before you apply to become a Lloyd’s approved Coverholder.
The Application Process
Information on how the coverholder application process functions and what to expect on the journey towards approval.
Post approval changes and ongoing oversight
Click here for all the necessary information regarding processes, coverholder permissions and ongoing oversight after approval.
Resources
Market Knowledge
This section contains Delegated Authority and Third Party 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.
Useful links
A New Approach to Third Party Oversight
Systems & Tools
Market Directory
Lloyd’s Help & Glossary of terms
Delegated Authority Events
Delegated Authority Contacts
Lloyd’s Europe
The Future at Lloyd’s
Insights Hub
Lloyd’s E-Learning
Delegated Authority Market Bulletins
Delegated Authority Glossary of terms
Delegated Claims Administrators
Compliance & Operations
Binding Authority Wordings