Delegated authority arrangements - what problems can arise for insurers?
Binding authority agreements, where managing general agents and other coverholders are authorised to underwrite on behalf of insurers, have been increasingly popular in recent years as insurers seek more diverse routes to premium income. With this increase in popularity, Andrew Schütte, partner at Keoghs, looks at why it poses a challenge for insurers.
In the heat of a deal, it is easy to overlook the importance of getting a binding authority agreement right. That oversight can be costly – but there are way to avoid an agreement turning into a
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@postonline.co.uk or view our subscription options here: http://subscriptions.postonline.co.uk/subscribe
You are currently unable to print this content. Please contact info@postonline.co.uk to find out more.
You are currently unable to copy this content. Please contact info@postonline.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@postonline.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@postonline.co.uk
More on Commercial
Probitas CEO to retire a year on from Aviva acquisition
Probitas CEO Ash Bathia will retire at the end of July, with Aviva’s global corporate and specialty managing director Matthew Washington set to take the reins at the Lloyd’s insurer.
Axa UK reports £148m turnaround in underwriting fortunes
Axa’s UK general insurance operation returned to an underwriting profit in 2024, as its loss ratio plummeted nearly 16 percentage points.
Commercial insurance rates fall 6% in Q1
UK commercial insurance rates fell 6%, on average, in the first quarter of 2025, according to the Global Insurance Market Index released today (24 April) by Marsh.
More Cowbell coming to UK insurance market
Managing general agent Cowbell has made its first move beyond the standalone cyber insurance market in the UK with the launch of a hybrid professional indemnity and cyber solution for technology firms.
Managing PI exposures amid Labour’s building push
When it comes to the government’s target to build 1.5 million homes over the next five years, Tinu Ayoola, senior professional indemnity underwriter at Collegiate Management Services, reckons more haste less speed is required to ensure adequate cover is provided for evolving risks.
Throwback Thursday: Strikes impact Post
Insurance Post’s Throwback Thursday steps back in time to April 1980 to remind you what was going on this week in insurance history when our publication was lighter than usual on news due to the printing industry going on strike.
Gibson and Johnson to exit Allianz following claims shake-up
Allianz’s commercial and personal lines claims heads are to leave the business Insurance Post can reveal.
Rental cover: who is it good for?
Whether rental protection should be the focus of regulatory scrutiny and if insurers are falling short on compliance is examined by Saxon East.