Delegated underwriting authority is a broader concept covering the transfer of underwriting decision‑making from UK insurers to third parties such as MGAs, coverholders, or schemes, while leaving the insurer ultimately responsible for outcomes. Insurance professionals must perform due diligence on partners, set robust governance and MI requirements, and ensure alignment of incentives and remuneration, recognising that effective delegated underwriting can drive growth and efficiency but, if poorly controlled, can create material conduct, reputational, and capital risks.
Rising governance expectations are forcing MGAs to demonstrate stronger underwriting control as the sector expands
The new module will help insurers and MGAs move beyond periodic reviews and spreadsheet-based tracking
They include a new head of trade credit and a new CCO
Appointee has more than 30 years of experience
Deal is expected to generate £250 million in GWP
