For The Latest News, Updates And Advice On Covid-19 Click Here

Other categories

Business case for DA Sats must be made more vigorously

Lloyd’s decision to mandate the reporting of all delegated authority data into the DA Sats platform after the first quarter of 2021 has been welcomed in many parts of the market.

But there are also concerns about the extent to which this measure is likely to obscure the business case for DA Sats for all stakeholders in the delegated authority market, which accounts for more than one-third of the business that flows into Lloyd’s.

“People are clearly seeing the system is working. Obviously, the true value of DA Sats can only be realised when we have data about every risk in the market on the system,” he says. “Overall, we are pleased with the progress, but we are also a little disappointed usage of the system is not where we would want it to be.”

Read the full article here

Author: Rasaad Jamie
Published in Insurance Day 3 April 2020