Functionality and benefits

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

What are the benefits?

Delegated Oversight Manager will provide numerous benefits to the market

1. Coverholders and DCAs:

- Information only has to be provided by the Coverholder/DCA once
- Onboarding questions are tailored so new Coverholders and DCAs only need to answer relevant questions
- Consistent, validated data feeds to downstream systems, meaning less re-keying is required
- Permissions can be changed easily post-approval, allowing flexibility
- Better quality data is available to support analysis and decision making
- Time taken to onboard Coverholders and DCAs is proportionate to the complexity of the approval, so business is not unnecessarily delayed
- Coverholders/DCAs can see the progress of an approval

2. Brokers:

- Less time is spent on Coverholder administration, freeing up time for more value-add activities
- Consistent, validated data feeds to downstream systems (including DDM), so less re-keying is required
- Coverholder onboarding questions are tailored, so relevant information is collected, and approval time is proportionate to the complexity of the approval
- All data is held centrally and available to all relevant parties
- There is a single source of information for contract data rather than multiple, inconsistent versions
- Better quality data is available to support analysis and decision making

3. Managing Agents:

- Less time is spent on Coverholder/DCA administration, freeing up time for more value-add activities
- Consistent, validated data feeds to downstream systems (including DDM), so less re-keying is required
- Coverholder onboarding questions are tailored, so relevant information is collected, and approval time is proportionate to the complexity of the approval
- All data is held centrally and available to all relevant parties
- Better quality data is available to support analysis and decision making