Our regulatory and governance support framework includes: Davies can also provide technical and regulatory support and assistance on any applications that are being made to the Financial Conduct Authority for direct authorisation. Broker Replacement and Consolidation Davies has an outstanding track record of providing effective Broker Replacement Services by: Assuming full broker of record responsibilities Assuming full broker of record responsibilities, including portfolio acquisition.
Sharing of data is only undertaken where necessary to fulfil the requirements under the insurance contracts, or when required by law. We will never re-sell data. There is no obligation to provide us with personal information, however if you refuse to provide it we may be unable to offer our products and services.
We have a lawful basis for processing your information. We have outlined below the situations when each lawful basis is relied upon: Lawful basis Details Performance of a contract with you Processing is necessary for the performance of a contract to or to take steps at your request prior to entering into a contract.
This could include issuing the quotations; claims; and issuing renewals. Compliance with a legal obligation We have a legal obligation to process your data, for example in relation sanctions and anti-fraud data.
For our legitimate interests For example, to aid debt recovery; assist in the claims process; to ensure policies are structured correctly; targeted industry marketing, risk modelling and aggregation data; preventing fraud; as well as the general administration of the insurance contract.
Explicit consent Consent may be used when special categories of personal data and details of criminal offenses are collected. Individuals may withdraw their consent to such processing at any time using the contact details at the start of this privacy notice. By withdrawing consent, you may prevent MTL from continuing to provide the services that are the subject of the original contract and insurers may no longer be able to offer the cover or respond in the event of a claim.
Your personal data is required at various stages of the insurance lifecycle as detailed below: Stage How the data is used Quotation Setting you up as a client, including possible fraud, sanctions, credit and anti-money laundering checks; evaluating the risks to be covered and matching to the appropriate policy and premium.
Policy administration Client care, including communicating with you and sending you updates; payment of premium; and when arranging surveys. Claims handling Managing claims; defending or prosecuting legal claims; investigation or prosecuting fraud.
Renewals Contacting the insured, or their intermediary to renew the insurance policy; evaluating the risks to be covered and matching to appropriate policies; payment of premium.
The above is a summary of the uses of your information. Detailed guidance can be obtained from the London Insurance Market Core Uses Information Notice accessible here which includes details on how this information is shared between market participants. We recommend you review this notice.
Timing of collection Personal Information may be collected at the time of the initial quotation, during the administration of the policy, during site surveys, and in the event of a claim. Personal information that we may collect We may collect data in relation to policy holders; directors and controllers of commercial policy holders, employee data from commercial insureds, claimants, including third party claimants who are not party to the original insurance contract, and potential policyholders.
Depending on the policy provided we may require: Individual details Name, address and proof of addressother contact details e. Financial information Payment card number, bank account number and account details, income and other financial information.
Insured risk Information about the insured risk, which may contain Personal Data. Health data Current or former physical or mental medical conditions, health status, injury or disability information, medical procedures performed, relevant personal habits e.
Criminal records data Criminal convictions, including driving offences. Policy information Information about the quotes individuals receive and the policies they obtain. Credit and anti-fraud data Credit history and credit score, information about fraud convictions, allegations of crimes and sanctions details received from various anti-fraud and sanctions databases, or regulators or law enforcement agencies.
Previous claims Information about previous claims, which may include photographs, video, health data, criminal records data and other special categories of Personal Data.
Current claims Information about current claims, which may include photographs, video, health data, criminal records data and other special categories of Personal Data.welcome to lloyd’s Lloyd’s is the world’s specialist insurance market.
broker, coverholder or a service company. Syndicates – Writing the insurance develops a business plan, arranges its reinsurance protection and manages its exposures and claims. Becoming a Lloyd’s Coverholder is dependent on the credibility and robustness of your business plan: Security Lloyd’s security rating A.M.
Best ‘A’ Excellent (December ) Credibility Aligned with the world’s most respected insurance market Exclusivity Your own unique product. Glossary of Lloyd’s terms. Listed below is a glossary of terms that are used in the ALM publications, other Lloyd’s documents or which often appear in work produced by Members’ agents.
Lloyd's of London, generally known simply as Lloyd's, is an insurance and reinsurance market located in London, United rutadeltambor.com most of its competitors in the industry, it is not an insurance company; rather, Lloyd's is a corporate body governed by the Lloyd's Act and subsequent Acts of Parliament and operates as a partially-mutualised marketplace within which multiple financial.
Horizon (UW) Limited is registered in England and Wales under company number at The Mill House, Boundary Road, Loudwater, High Wycombe, HP10 9QN and is authorised and regulated by the Financial Conduct Authority, registration Business planning isn't just for when you're setting up – you should keep reviewing and updating your plan regularly.
A plan is always a useful asset for persuading others to invest time, money and effort in your business, and keep your plans on track.