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Your Needs - DA SATS

Your Needs - DA SATS

Read more on the DA SATS solution for the market.

This page details how DA SATS can meet your needs depending on which party you are; a coverholder, broker, managing agent, or a Delegated Claims Administrator (DCA).

If you belong to more than one party, read all of the information that applies to you.

Coverholders or Delegated Claims Administrators

  • One single set of reporting standards for all Managing Agents
  • I should only need to send data once
  • Data is transformed, mapped, cleansed, validated and stored in a single place that anyone on the contract can access
  • It’s easier to report your delegated authority business to the London Market
  • I have visibility of any data gaps and exceptions
  • Decisions are made based on a shared understanding of the data

Brokers

  • I have access to a central source of standardised, cleansed and validated DA data
  • I get more consistent data with fewer gaps for improved coverholder portfolio management
  • My data quality standards and contractual integrity are higher
  • I can generate reports and extract any of my data from the platform
  • It’s easier to attract coverholders to the London Market
  • I will continue to manage my coverholder relationships and have assurance that their data is visible to the right parties

Managing Agents

  • There is the opportunity for my data quality standards and contractual integrity to be of a higher standard
  • I have access to a central source of standardised, cleansed and validated DA data
  • My coverholders provide me with consistent data based on agreed standards
  • I have improved portfolio analysis capabilities which can support profitable pricing strategies
  • I get alerts to potential breaches to the binder agreement
  • I can generate reports and extract any of my data from the platform
  • I am better able to meet DA Business Regulatory requirements
  • It is easier for your coverholders to report to the London Market
  • I can conform to the business conditions for the Lloyd’s Brexit solution
  • As a follower, I have better access to data and don’t have to duplicate the bordereaux processing

Contact the DA SATS team

Visit our Contact DA SATS page to get help or support on your enquiry.