DA SATS is the Data Exchange System and using DA SATS is mandatory for Lloyd’s Europe.
What are the benefits
- Reporting for Coverholders is easier with a single set of market-approved risk, premium and claim data requirements and central processing of data.
- Data will be defined once, used consistently and continuously improved.
- Automated submission, collection, validation, processing and distribution of delegated authority data across the market is delivered.
- A technology and service which enables consistency, increases efficiency, eliminates duplication, reduces re-keying and contributes to straight-through processing.
- A “single source of truth” for Delegated Authority Risk, Premium and Claim data.
- Data quality will be improved through validation and enrichment processes.
For onboarding, implementation and training and guidance and all DA SATS related queries click here