From 15 September 2024, this service will mark a new phase for DDM, which has been a cornerstone of delegated authority bordereau processing in the London Market since 2018.
The collaboration between LIMOSS and Charles Taylor combines significant insurance expertise with advanced technology, setting out a roadmap for continued innovation and high-quality customer service. To date, DDM has processed billions of pounds worth of risk, premium, and claims data, offering managing agents, brokers, and other market players access to a trusted delegated authority solution, purpose-built and refined to meet the needs of the London Market.
Looking towards the future, the DDM service will undergo significant enhancements driven by a customer-centric focus. Future developments will include support for credit control, bordereaux reconciliation, transactional reconciliation, aged debt management, and improved interoperability with external platforms.
Patrick Molineux, Managing Director of LIMOSS, commented: “Our goal is to provide an exceptional market service. Our partnership with Charles Taylor has transformed delegated authority business in the London Market, and we look forward to further developing DDM as an elective bordereaux management service.”
Arjun Ramdas, CEO of Charles Taylor InsureTech, also welcomed the agreement, stating, “Charles Taylor is well-positioned to support LIMOSS and our clients during this transition. Offering DDM as an elective service, with Tide as its foundation, ensures market participants can benefit from proven digital capabilities and seamless continuity in bordereaux management. I’d like to thank Patrick and the LIMOSS team for their outstanding efforts in bringing DDM to this point, and we are excited to continue working together to drive adoption and satisfaction for this essential market service.”
