I would like to invite you to be my guest at our Cover holder Management Insurance Webinar:
Improve the way you interact with your Cover Holders using the Singularity Cover Holder Management Platform
The Singularity Cover Holder Management Platform sets out the processes required to manage interactions with Cover Holders and implements these within a rule based framework. It enables both processes and underwriting rules to be independently administered by Managing Agent staff, typically, those with domain knowledge and delegated authority. Automation, exception management and renewal reminders all enable effective Cover Holder management that will also derive significant operational benefit to both Cover Holders and Syndicates.
This webinar will address:
• How the Singularity Cover Holder Platform enables Managing agents to have better visibility and manage Cover Holders within a flexible process and rules based framework.
• How Administering Binders and Policies can be managed within the Managing Agency by business people, allowing for very fast and flexible binder management and binder creation.
• Advanced reporting on all aspects of Cover Holders, binders w.r.t policies, premiums and claims.
• Powerful integration capabilities including bordereau import and system-to-system integration to enable you to leverage your existing infrastructure.
• How the system assists you with being Lloyds compliant and enables your business to be self sufficient and agile.
• Binding Authority Managers
• IT Managers
• Compliance Managers
• Finance Directors
• Operations Managers
• Business Analysts
Attend this webinar to discover how using our Cover Holder Management Platform can dramatically improve your visibility and interactions across your business.
I would be happy to provide any additional information you might need, or to address any questions you have about Singularity and our work in this area. To learn more about our solutions please contact me directly on +44 (0)7793 936533 to reply to this email.
Best Regards, Paul Chada
WEBINAR DETAILS
TOPIC: Introducing Cover Holder Management from Singularity
This is an excerpt from the Delegated Authority Handbook:
Managing Agents should monitor the performance of the cover-holder to whom they have delegated authority. To monitor performance, managing agents should specify which information the entity is required to provide, and its frequency, within the binding authority. Performance monitoring for binding authorities will usually include consideration of:
• The type, class, volume and quality of business accepted under the binding authority and a comparison of performance against the initial plan.
• Changes in market conditions and the binding authority's profitability.
• How the cover-holder administers and operates the binding authority (including keeping to service standards).
Significant changes to the cover-holders or Lloyd's broker's circumstances
