The move is being hailed as a 'win win' for everyone involved
Earlier this month, LIMOSS (London Insurance Market Operations & Strategic Sourcing) and Charles Taylor InsureTech partnered to deliver Delegated Data Manager – with the service officially launching on September 15.
Speaking to Insurance Business, Charles Taylor InsureTech chief executive Arjun Ramdas agreed, saying that at the core of this partnership is a real desire to hand back choice to users – making it something of a ‘win win’ for everyone involved.
Reiss Gavin, London Market programme manager at Charles Taylor InsureTech, said that while this partnership was somewhat spurred on by the market’s removal of DDM as an elective service, it was born out of a desire to give users optionality above all else.
“We had users under the core market service that wanted to continue as an elective,” he told Insurance Business. “It was client and market forces that spurred on the elected model by LIMOSS, but it was also about listening to the user base and responding to them in order to give them what they wanted – that flexibility.”
Gavin explained, “We’re committed to them, we have more flexibility and dialogue with them. We’re able to look at how the DA landscape is changing to see how we can strategically move and enhance the product to meet those changes. We have a better one to one relationship with our user base too.”