Managing delegated authority business presents various challenges for Coverholders, MGAs, and Service Companies. From bordereaux reconciliation to binder capacity optimisation, staying compliant and competitive in the London Specialty Market is increasingly complex.
We understand the intricacies of these operations and recognise some of the challenges you might be facing:
- Do manual processes hold you back and lead to errors, delays and inefficiencies that impact your performance and compliance?
- Are inefficient, inaccurate or delayed reporting procedures causing issues with capacity providers and creating compliance risks?
- Do you have a lack of access to real-time insights that slows decision-making, limits responsiveness and growth opportunities?
- Is inefficient capacity tracking and allocation leading to missed opportunities and compliance issues?
How we can help
At Verisk, our solutions provide Coverholders, MGAs, and Service Companies with solutions that directly address the challenges of managing delegated authority business. By automating key processes, streamlining operations, and providing real-time data insights, we help you overcome the complexities of reconciliation, reporting, binder capacity management, and more.
Key features:
- Automated bordereaux processing
Streamlines and automates bordereaux reconciliation, reducing manual work and errors, ensuring accuracy and providing a reliable audit trail.
- Tailored, automated reporting
Generates and delivers reports in formats like v5.2, CDR, and custom formats, ensuring timely, accurate compliance and fostering stronger relationships with capacity providers. - Real-time data and insights
Gives you immediate visibility into your portfolio performance, enabling quicker, data-driven decisions across underwriting, claims, and risk management. - Binder capacity management tools
Helps you manage capacity effectively, ensuring compliance while maximising growth opportunities.
Contact us
Whether you’re looking to streamline bordereaux reconciliation, improve reporting, or optimise binder capacity, we have the solutions and expertise to help you take control of your workflow and bring compliance in-house.