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.
It’s a big remit for someone with an unusual pedigree
Roamly targets the mismatch between annual motor policies and commercial carsharing fleets with a new London underwriting operation
The partnership begins in September, just as SM&CR reforms and wider FCA oversight of delegated authority start to bite
Regulator says disclosure alone is not enough as vertically integrated business models come under scrutiny
Rising governance expectations are forcing MGAs to demonstrate stronger underwriting control as the sector expands
