Functionality and benefits

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

What are the benefits?

1. Brokers

- Access to a central source of standardised, cleansed and validated DA data
- Consistent data, enabling improved Coverholder portfolio management
- Higher data quality standards and contractual integrity
- Ability to generate reports and extract data from the platform
- Easier to attract new Coverholders and DCAs to the London Market
- Facilitates better Coverholder relationship management

2. Managing Agents

- Access to a central source of standardised, cleansed, and validated DA data
- Provision of consistent data based on agreed standards by all Coverholders
- Easier to conform to the business conditions for the Lloyd’s Brexit solution
- Improved portfolio analysis capabilities (which can support profitable pricing strategies)
- Option to generate reports and extract data from the platform
- Increased confidence in meeting DA Business Regulatory requirements
- Easier to attract new Coverholders and DCAs to the London Market
- Better visibility and access to data

3. Coverholders

- Reduction in re-keying of data
- Single set of reporting standards for all carriers
- Ability to submit data into Delegated Data Manager in various formats
- Data is transformed, mapped, cleansed, validated and stored in a single place available for all relevant parties on the contract
- Easier to report delegated authority business in the London Market