London Market

The London Market is one of the world’s leading insurance hubs and has seen many changes over its long history. Today, digital transformation and ever-tighter insurance regulations are shaping the future for Lloyd’s syndicates, insurance brokers, reinsurance companies and other market participants. Charles Taylor is supporting the transformation of the London Market.

Charles Taylor is closely involved with London Market processes and participants, and has played a key role in modernisation programmes at Lloyd’s and beyond.

Our advanced insurance technology and in-depth industry experience are supporting digital transformation in four key areas:

• Delegated Authorities Control

• Claims Optimisation

• Document and Workflow Management

• Bordereaux Management

In each of these areas we apply our specialist knowledge to improve efficiency and help London market participants negotiate complex regulations, increase security, prevent insurance fraud, reduce costs, and promote straight-through processing.

Our expert teams cover all business classes and offer a bespoke service across the full insurance cycle. Whether optimising claims, streamlining bordereaux, overseeing delegated authorities, or improving documentation and workflows, we understand the challenges and opportunities of this unique insurance market. Above all, we take pride in knowing how to implement the right technology to transform businesses for London market participants and to create a lasting value.

Bordereaux management

Tide allows you to view and manage bordereaux in a single, centralised, highly automated way, ensuring the smooth flow of delegated business.

Tide overview

Tide provides a single, centralised, highly automated way to view and manage bordereaux, ensuring the smooth flow of delegated business across all touchpoints and parties.

The platform enables risk, premium and claims data to be received on time and stored centrally in formats that are validated, standardised and approved.

The result is bordereaux data that are easy to manage and analyse, leading to more informed business decisions and increased operational efficiency.

London market origins

Tide is a proven bordereaux solution. Originally developed for the London Market, Tide is a key component of the digitalisation and modernisation programme that has been transforming the world’s largest insurance hub over the last few years. Tide has evolved and is suitable for the wider market with bordereaux challenges.

Tide

by Charles Taylor InsureTech Limited