Delegated Authority
When delegated authority is granted, both the Managing Agent and the MGA must comply with regulatory requirements and establish a structured control framework to monitor the quality of outsourced activities.
Delegated Authority
Compliance
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With our extensive experience, you can assess whether our advice or guidance would be beneficial in addressing the challenges you face.
Our expertise includes:
- Setting up MGA structures;
- Reviewing Coverholder applications;
- Writing and reviewing procedures;
- Product Approval and Review processes;
- Perform Coverholder and DCA Audits on behalf of Lloyd’s Syndicates;
- Conducting desk and onsite audits;
- Performance reviews and result analysis;
- Developing and improving wordings;
- Sanction checks and UBO identification;
- Conducting risk assessments;
- Developing action plans based on internal and regulatory audits;
- Creating and delivering training programs.
If you’d like to learn more about how we can support you, please feel free to contact us via email or by filling out the contact form. We look forward to connecting with you.