Brit pilots first continuous contracts for delegated authorities
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Brit pilots first continuous contracts for delegated authorities

Luke Harrison
14 December 2021
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Brit has piloted the first continuous binder at Lloyd’s, which will go live in January 2022 and be powered by a data-driven review process throughout the life of the contract.

Brit said its continuous contracts would be a key part of the Future at Lloyd’s vision for delegated underwriting as it aimed to improve efficiencies by replacing the traditional annual renewal cycle, which the carrier said could be “highly...

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