Charles Taylor InsureTech is delighted to announce that a 5-year extension to deliver a delegated authority solution across the market has been signed with LIMOSS.

Delegated Data Manager (DDM), formerly DA SATS, provides a central service to standardise and centralise the collection, validation and processing of delegated authority data: a key pillar of the Delegated Authority strategy.

The current arrangement, signed in 2018 was due to expire in September 2021 and this renewal is testament to the extensive collaboration between LIMOSS, Lloyds, the London Market and Charles Taylor InsureTech and provides an important foundation for the transformation of Delegated Authority processing.

DDM is powered by Tide, Charles Taylor InsureTech’s innovative solution, which delivers scalability, security, and compliance through the world’s fastest growing cloud – Microsoft Azure. As a result, London Market stakeholders continue to benefit from the streamlined process; providing them data, in real time in a clear and visual format, enabling London Market firms to satisfy regulatory requirements associated with coverholder business. 

Chantal Dawson, Client Relationship Director at Charles Taylor InsureTech said: “We are immensely proud to have agreed a 5-year extension for the program. The platform has been in operation for the past two and half years and will continue to increase its delivery of real benefit to the London Market and will evolve to keep pace with the needs of the industry over the coming years”.

Rob Brown, Group CEO of Charles Taylor said: “This is fantastic news and a massive vote of confidence from the London Market of the capability of the solution and one we are very proud of. We take this endorsement very seriously and the team are primed to continue enhancing and supporting this vital program”.

Susan Andrew, Head of Delegated Underwriting Management, Brit Insurance and Chair of DDM Steering Group for the London Market, said “I am extremely pleased that LIMOSS and Charles Taylor have agreed the extension to this service. Ever increasing adoption of DDM proves that market participants understand its value both now and for the future.  There is a passionate community of people working together to continually enhance DDM functionality and we look forward to working with Charles Taylor over the coming months and years to build on these improvements and position the London Market for the future”.

Patrick Molineux, Managing Director of LIMOSS, said: “Centralising, standardising and streamlining Delegated Authority management is a key pillar of the transformation of Delegated Authority business and will make it easier for the world to do business with London. We are pleased that the platform continues to see improved adoption from a highly engaged user community that is driving the future of the platform and we are delighted to extend our agreement with Charles Taylor InsureTech who have demonstrated a willingness to listen, invest, and work collaboratively with us”.