Northdoor’s Lloyd’s and FSA Compliant Underwriting System Provides MAP the Intelligence Required for Running its Business

Formed in 2000, Managing Agency Partners Ltd (MAP) broke the convention by creating a £150 million business in their first year of trading without a major corporate backer. It needed a strategic IT partner that was committed and capable of building an application that met regulatory approval.

MAP selected Northdoor to develop a bespoke multi-user risk entry system with a data warehouse to take feeds from Lloyd’s central processing systems for premiums and claims. The data warehouse matches this information to individual risk records for reporting and interrogation purposes. This information is then aggregated across MAP’s various books of business, providing a clear view of the business.

“As specialist risk underwriters, it is crucial that we have accurate and up-to-date information so that we can constantly analyse and fine-tune our business. Because we are subject to rigorous regulatory scrutiny, the system must be robust and watertight with clear audit trails. The application Northdoor built has the flexibility to interrogate data in any combination we can think of. Theoretically, there is no limit to what we can get out of the system.”

David Shipley, Underwriter of Syndicate 2791 – Managing Agent Partners

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