1 June 2011 Insurance

Better data = better underwriting

The Lloyd’s Franchise Board is apparently concerned about the validity of ‘delegated authority’ data. the new Lloyd’s plan envisions that nearly 40 percent of all lloyd’s premium revenue will eventually be derived from the binding authority route. Delegated authority, when placed in the hands of a trusted Lloyd’s coverholder, is an efficient and fast way to distribute the Lloyd’s brand and take advantage of opportunities globally.

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