Functionality and benefits

How Delegated Contract Manager makes managing delegated authority business more efficient.

What are the benefits?

Delegated Contract Manager will provide numerous benefits to the market

1. Coverholders:

- More oversight of contracts
- Real-time visibility of contract progress
- Easier to make changes and updates to contracts
- Access to better reporting, enabling richer business insights
- Ability to sign off contracts on system

2. Brokers:

- Contract data will only be entered once and be registered simultaneously
- The registration data will feed Delegated Data Manger the contract details
- All data is held centrally and available to all relevant parties
- Contract data is validated against QA tool rules early in the process, so there are fewer errors to correct, saving time and cost
- There is a single source of information for contract data rather than multiple, inconsistent versions

3. Managing Agents:

- Underwriters can collaborate real time on a contract and see what has been changed then be able to conclude contract on the same workflow
- Contract data is validated against the QA tool rules early in the process, so there are fewer errors to correct, saving time and cost
- There is a single source of information for contract data rather than multiple, inconsistent versions,
- The registration data will feed the contract to Data manager reducing the need for rekeying and reduce errors
- Better quality structured data is available to support analysis and decision making