Coverholder and binder arrangements allow underwriters to greatly extend their range of products, distribution and profitability. Binders work best when they are managed efficiently, with a fast and accurate flow of information and bordereaux between the parties.
Our Delegated Underwriting Authority Services provide the range of tools and services you need to effectively manage your coverholder operations.
Our services are highly flexible and can be tailored to meet the exact needs of underwriters in the Lloyd’s, London and Company markets. We work with underwriters, brokers, managing agencies and service companies to deliver either end-to-end coverholder solutions or selected outsourced services.
Our Delegated Underwriting Authority Management Services are part of the complete range of services offered by Charles Taylor to make your operations run like clockwork.
How it works
Our Delegated Underwriting Authority Management Services are delivered by highly experienced insurance support service specialists:
- Bordereaux management: We offer diary management and proactive bordereaux monitoring to ensure that risk, premium and claims bordereaux are accurate and up to date. All bordereaux can be viewed in real time on our secure bordereaux management software solution
- Credit control: We offer a proactive premium recovery service, backed by analysis of risk or premium bordereaux against paid and pursue accordingly to improve underwriters’ cash flow and detail performance trends of coverholders
- Audit and review: Our complete range of audit and reporting services ensure that coverholders are meeting underwriters’ performance expectations