Market feedback guides DA SATS functionality enhancements

DA SATS, a central service to standardise the collection, validation, processing and supply of Delegated Authority reporting data across the London Market, has been live since August 2018. All eligible Managing Agents have signed up to DA SATS and over 1,400 market participants have been trained on using the platform.

Market feedback is vital
As usage increases, market feedback has been vital in shaping the upcoming functionality releases, the first of which is now live. One of the key pieces of feedback was that there was an opportunity to improve permissions within the platform. The rules around who can view and submit data on multi-section and multi-lead contracts needed to be more aligned with the way the market works.

The DA SATS team has worked with Charles Taylor Insuretech (providers of the Tide platform) to develop enhancements to the functionality. The main outcome is that users can only see data if they are on the contract for that section and this can be further restricted down by team and classes of business. This gives everyone more control over their data.

Additional training sessions
Market participants already trained on DA SATS, will be invited to further training sessions specifically about these enhancements. WebEx online sessions and supporting material will be available. Market participants who have not yet started using DA SATS can email lmtomda@lmtom.london to register for the platform and then will be invited to updated training for new users, with the new functionality included.