Your Needs - DDM

This page details how DDM 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 information that applies to you.

Coverholders or Delegated Claims Administrators

• One single set of reporting standards for all Managing Agents
• 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
• Easier to report your delegated authority business to the London Market
• Visibility of any data gaps and exceptions
• Decisions are made based on a shared understanding of the data

Brokers

• Access to a central source of standardised, cleansed and validated DA data
• More consistent data with fewer gaps for improved coverholder portfolio management
• Data quality standards and contractual integrity are higher
• Generate reports and extract any of my data from the platform
• Easier to attract coverholders to the London Market
• Continue to manage coverholder relationships and have assurance that their data is visible to the right parties

Managing Agents

• Opportunity for data quality standards and contractual integrity to be of a higher standard
• Access to a central source of standardised, cleansed and validated DA data
• Coverholders provide consistent data based on agreed standards
• Improved portfolio analysis capabilities which can support profitable pricing strategies
• Alerts to potential breaches to the binder agreement
• Generate reports and extract any data from the platform
• Able to meet DA Business Regulatory requirements
• Easier for coverholders to report to the London Market
• As a Follow, you have better access to data and do not have to duplicate the bordereaux processing