Delegated authority arrangements—particularly prevalent in the UK and London markets—allow insurers to outsource underwriting, claims, or policy administration to third parties such as MGAs and coverholders while retaining overall responsibility. Insurance professionals must negotiate clear contracts, authority limits, and remuneration structures, implement robust oversight and audit regimes, and satisfy regulatory and Lloyd’s requirements around governance, conduct risk, data quality, and reporting to ensure that delegated partners act as effective extensions of the insurer.
The recent rollout aims to take brokers from idea to live scheme in weeks
The solvent exit analysis requirement is expected to push boards to confront the real costs of winding down books
They include a new chief operating officer and a new regional manager
Partnership brings core farm and motor cover together with livestock disease and management liability solutions
The toolkit sets out how firms can tier AI risks, shore up controls and scale technologies
