• What is Delegated Contract Manager?

    Delegated Contract Manager (previously Chorus) will replace BAR to register Binding Authority Contracts. It will also provide an optional Binding Authority contract building tool.
  • What are the benefits of Delegated Contract Manager?

    Delegated Contract Manager will improve data capture from the binder registration system, provide integration with existing Lloyd’s system and other market-wide solutions, reduce administration, duplication efforts and costs.
  • How is it being rolled out?

    Delegated Contract Manager is currently in the early stages of development and will be delivered in an agile approach with prioritised releases.
  • How will the market be involved in the development?

    A panel made up of market representatives (including Brokers and Managing agents) will be engaged in helping to design, test and feedback on the solution.
  • When will Delegated Contract Manager go live?

    Release of the system to the market is currently targeted for Q1 2021. The go-live date is dependent on several factors including the results of multiple, comprehensive rounds of market acceptance testing (MAT). The DA Programme team recognises the importance of keeping the market up-to-date on progress and will continue to share updates on delivery timelines.
  • Who can use Delegated Contract Manager?

    All Brokers, Managing Agents, Coverholders.
  • Can I continue to use BAR?

    Yes, you can continue to use BAR until it is decommissioned. Once Delegated Contract Manager has been built, Lloyd’s will be implementing a data migration plan and a decommissioning plan. Lloyd’s will ensure all parties are prepared for decommissioning.

  • When will BAR be switched off?

    The data migration approach is currently being updated to reflect the phased go-live for Delegated Contract Manager. As further progress is made, Lloyd’s will look to gain the markets feedback on this approach. Lloyd’s will communicate the data migration approach and initial timelines when the final strategy has been reviewed alongside the market.

  • How will my contract data be moved over from BAR?

    The data migration approach is currently being designed in collaboration with the market. Lloyd’s will communicate this approach when the final strategy has been reviewed alongside the market.
  • Is Delegated Contract Manager mandatory?

    As Delegated Contract Manager is replacing an existing mandatory system (BAR), it will remain mandatory to register binding authority contracts through the new platform. The contract builder functionality will be optional. If Brokers opt to use the contract builder tool, there are further benefits and market partners will have access to the system to sign binding authority agreements.
  • How much will Delegated Contract Manager cost me?

    There is no cost to Brokers or Coverholders to use Delegated Contract Manager. Contract Builder is optional.
  • Why has there been a change of delivery partner?

    To ensure the benefits are delivered on, and as part of the Future at Lloyd’s risk exchange integration, it has been mutually agreed with Sequel that an alternate delivery partner should be selected as we move to the next phase of build and delivery. This will build on the positive foundational work we have already undertaken with Sequel, who will remain a strategic partner to Lloyd’s through the delivery of the Lloyd’s Coverholder Workbench platform.
  • What can the market be doing to prepare for go-live?

    Guidance will be shared at the end of June 2020 on how the market can prepare for adoption of Delegated Contract Manager.
  • What is the onboarding process?

    The onboarding process is currently being developed, in partnership with the market. Lloyd’s will ensure it communicates the approach in a timely manner to ensure the market is ready for go-live.
  • What support and training and support will be available post go-live?

    The training and support approach is currently being developed, in partnership with the market. Lloyd’s will ensure that the market has all the information, materials and support required for the successful adoption of the system.