The delegation of underwriting authority by carriers is commonly referred to as binding authority, programmes, facilities or underwriting services and is, increasingly, the distribution method of choice for carriers and managing agents looking for a cost effective method of bringing their product to market.
We advise a diverse range of agents and brokers in the design, negotiation and implementation of insurance programmes where the key element is delegated underwriting. Our reputation in this area is based on a track record of delivering a high quality service to a number of long-term clients.
To achieve this, the business combines the highest standards of technical competency and professionalism with significant investments in technology and business processing.
Online communication and business process through the UniRisX system provides for automatic preparation of policy documentation and statistical information, including certificate production, aggregate tracking and London market bordereaux.
The Programmes and Facilities team has extensive capabilities in many areas, including: