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Real-time visability

Regulatory compliance is a growing challenge across all insurance activities and business lines, and control over delegated authority business is essential because non-compliance can lead to heavy fines and reputational damage.

Delegated Authorities Control is our solution to help businesses comply with legislation such as Solvency II. We provide real-time visibility of risk exposure and enable insurers to prove the issuance and acceptance of authorities.

Delegated authorities control enables insurers to: 

  • Manage any type of delegated authority (underwriting, claims, non-insurance, etc) from one central place
  • Access a configurable wording library with the functionality to add, remove, disable and search – thus maintaining the accuracy and consistency of Delegated Authority Letters (DALs)
  • See a representation of the delegation tree
  • Fully automate the creation and delegation of authority letters
  • Save underwriters and claims handlers from time-consuming admin tasks, allowing them to focus on other activities 
  • Customise templates to build delegated authority letter formats
  • Customise DAL workflows
  • Gain a full audit of all activities
  • Receive out-of-the-box reports
  • Accommodate multiple user roles (delegators, auditors, authority managers, administrators, etc)
  • Integrate with HR systems, policy administration systems, and claims systems.  

Simple and effective

With Delegated Authorities Control, compliance is never an afterthought. Insurers have a simple and effective way to manage delegated authority business across all hierarchies, can lower costs and avoid errors, and will make more informed decisions to minimise risks. 

Thanks to Delegated Authorities Control, insurers can stay on top of their delegated authority business and reduce the time, cost and errors involved in overseeing delegated authorities.

InHub is our versatile and innovative technology base. It includes our cloud-based SaaS platform and integration framework, which form the foundation for our Insurtech solutions spanning Digital Transformation, Digital Modernisation, London Market, and Managed Services.

InHub is our middle-layer platform specialised in insurance. Designed for seamless integration, InHub is extensible and acts as a unifying layer to integrate modern technologies with legacy systems.

It adopts an API-first approach, providing modern APIs for efficient interoperability between systems. InHub also integrates with customer ecosystems, bridging the gap between new applications and legacy systems, thus facilitating modernisation efforts.

Our InHub store offers ready-to-use standard business solutions such as personal and commercial lines quoting and issuing portals, self-management or after-sales portals for policyholders and partners, pre-integrated payment gateways, and more.

InHub is an invaluable resource for insurers who want the best technology available backed by strategic advice from experts who understand the insurance industry.

Get in Touch

We would love to help you better understand our solution, walk you through the key features and answer any questions you may have.

Please complete the attached form to get in touch with one of our experts.

 

 

"The deep insurance market knowledge of the Charles Taylor InsureTech team combined with their tireless commitment to excellence in delivery made them a great choice of partner."

COO, Insurance Broker


"We were looking for a strategic technology partner to work closely with us in our ongoing plans to modernise the group. InsureTech has made a clear long-term commitment to building its business in Latin America and has the global reach to support our growth ambitions. Its solutions and capabilities are also highly rated by independent analysts."

 

Luis Ramos, CIO, Seguros SURA Corporate