Watertrace in the DUA Space
We are the leading software vendor in the Delegated Authority arena providing a quality, multidimensional and superior software system to our numerous clients to manage and report delegated business
BDX has been moulded to our client’s requirements over half a decade meaning the software has gone from a bordereau processing system to a complete Delegated Authority management application.
Delegated Authority in the Lloyd’s market
Delegated Authority in the Lloyd’s market is constantly changing. Over the past few years, Lloyd’s have imposed more regulations with regards to Conduct Risk and Solvency II. To satisfy these new regulations, our clients are required to deliver reporting to prove they are managing their high conduct binders and to demonstrate that they are meeting Solvency Pillar 2 Governance & Supervision requirements.
To enable our clients to fulfil these guidelines, we have had to fully understand these requirements and proactively add enhancements to BDX by way of adding reporting capability and also enrich the quantity of data capture from bordereau and other sources.