Now that the deadline for DDM (Delegated Data Manager) to exit as a core market service has passed, Lloyd’s Managing Agents, cover holders and brokers will be finalising their bordereaux plans for 2025.

All market players can now choose any delegated authority bordereaux management system that suits their needs.

For some, change may be unsettling. How do you make the right choice for your business? What are the advantages of one bordereaux solution over another? Who can you trust as a technology partner?  

Fortunately, thanks to Charles Taylor, there is a successful and well-established solution that provides the continuity, reliability and efficiency that the market needs. 

That solution is Tide. 

If you choose, or have chosen Tide as your elective model, you will enjoy all the proven benefits of DDM and build on a powerful technology foundation that has already made a huge difference to bordereaux in the London market. 

Moreover, you will have the security and confidence of working with Charles Taylor Group, a technology expert and dedicated insurance specialist with more than 140 years of experience in the insurance industry.
 

Powering bordereaux, today and tomorrow

Developed by Charles Taylor as part of the modernisation of the London market, Tide has been the power behind DDM since 2018 and has been progressively strengthened and refined, ensuring market participants have a mature bordereaux platform that is continually evolving adapting to new needs.

Tide is entering a new era. Further enhancements are planned for 2025 and beyond so that Tide remains the go-to platform for managing bordereaux. If you know DDM, you will welcome the certainty and continuity of a tried and tested technology, backed by a partner who knows the industry from the inside and understands your needs and challenges.

The benefits of Tide 

Need a reminder of what Tide can do? Here are just some of the advantages of the Tide platform.

• End-to-end automation: eliminate manual processing and bottlenecks that add time and expense to bordereaux and increase the risk of errors.
• Standardisation and centralisation: bordereaux can be submitted centrally, in consistent formats, at any time, from anywhere in the world 
• Business intelligence and better decision-making: because data is extracted and analysed in standard formats, clarity and transparency are assured. 
• Powerful and secure SaaS delivery: a cloud-based platform hosted in Azure, 24/7 availability, multi-level (multi-company) access, as well as single access, with specific security at each level per user role.
• Speed, scalability, versatility: handle any format, from any source, in just three clicks, with the flexibility to manage rising volumes and new bordereaux requirements. 
• Intuitive user interface: easy to handle and process data, and an in-system guide is available to all users.
   

Building on strength. Your future with Tide

Over the last few years, numerous organisations have benefited from DDM. DDM has processed £billions of risks, premium and claims data related to this significant proportion of London Market business and Tide continues to expand globally.

With Tide as your bordereaux platform, you will build on strength. We have an extensive range of new functionality and a comprehensive roadmap of enhancements for 2025 to make the platform even more powerful and versatile.

Charles Taylor is planning significant improvements so that Tide remains responsive to market needs and becomes even more customer-focused as an elective service. Enhancements will reflect user comments and include better straight-through processing, advanced reporting and analysis, and credit control functionality.

Working with Charles Taylor, you will have the double benefit of a specialist insurance team and the latest technology for an exceptional bordereaux service. We have the longest-serving London market account management team, and our insurance experience is unrivalled. While many providers say they offer advanced bordereaux, none have the same knowledge and technical skills as Charles Taylor.

Talk to Charles Taylor InsureTech about your bordereaux plans

We know you may have concerns about the future, so Charles Taylor InsureTech are organising information sessions each month to explain their long-term vision to clients and strategic partners. 

These sessions will help you understand risk management issues, financial control and planning, and compliance developments. You can ask questions, share your thoughts, and gain expert advice for bordereaux and other insurance challenges and opportunities. 

To register for one of these information sessions, please provide your details here