We invite you to a special Club event on Tuesday 28th March 2017 in the Old Library at Lloyd’s.
Delegated authority as a distribution channel continues to grow as a share of Lloyd’ business; projected to represent 47% of business in the Lloyd’s Market in 2017.
The importance of the MGA, broker, coverholder and all associated stakeholders in the delegated authority chain cannot be overstated. Of the UK’s £50bn annual general premium spend, approx 10% is transacted by MGA’s, with over 4000 coverholders accepting business, demonstrating a flourishing sector.
Despite the success in this area of business, there are many challenges too, from data quality to operational efficiency, combined with the cost of compliance and oversight.
In the latest research undertaken by the MGAA and Castel Underwriting Agencies, a soft market is the main factor affecting growth in the MGA sector in 2017, replacing regulation and compliance which came out on top in the previous survey. It is therefore not surprising that updating technology and increasing business efficiency remains one of the top three of MGAs strategic priorities.
Charles Taylor Insuretech
Jason is the chief executive of Charles Taylor InsureTech, the technology division of Charles Taylor plc, established in April 2016 to help insurance businesses drive change through the delivery of technology-enabled solutions. Jason has over 15 years’ experience in the Technology Sector and joined Charles Taylor from KPMG, where he was a leader in the Advisory Practice, helping FTSE 100 organisations drive business value through digital innovation. Prior to this, he led Transformation and Infrastructure Outsourcing for Atos.
PETER J STADDON
ACII, ACMI, Chartered
Insurance Practioner Managing Director
Peter is an experienced insurance industry practitioner having worked for over 40 years in broking and delegated authority markets. He is the former Head of Technical Services at the British Insurance Brokers’ Association (BIBA). Peter sits on a number of industry groups and committees including the Insurance Charities Board & Grants Committee.
Membership of LMForums and the North American Forums is Free to anyone working for a bonafide Insurance firm or trade association
You do not need to be a member of the club to attend
Delegated Authority Special Event
Managing growth. Maintaining oversight.
Old Library, Lloyds of London, 1 Lime Street, London
Date and Time
28th March 2017
8:30am - 10:30am
You don't need to be a member of the club to attend
- 8:25 - Registration
- 8:30 - Breakfast served outside the Old Library
- 9:00 - Welcome from Roger Oldham
- 9:05 - Delegated Authority Business - The London Market data challenges. Charles Taylor InsureTech
- 9:30 - Roundtable discussion. Making DA business more profitable and efficient
- 9:45 - MGAs - Onwards and Upwards. Peter Staddon - CEO MGAA
- 10:10 - Questions & Answers
- 10:20 - Conclusions & Close
THANKS TO OUR NORTH AMERICAN FORUMS PROFESSIONAL MEMBERS: