Lloyd's Coverholder — Atlas-ready, BDX automation, audit trail
For Lloyd's-approved coverholders: Atlas-aligned traceability, BDX in ACORD/Lloyd's formats, UMR & Risk Code mapping, managing-agent integration via API or SFTP.
The 4 unique headaches of a Lloyd's coverholder
Different BDX template per managing agent
Travelers wants Excel with columns A-AB, Beazley wants ACORD AL3, Munich Re wants custom CSV. Three different files every month, manual reconciliation.
Atlas audit prep
Annual Atlas audit requires reconstructing 36 months of BDX, delegation logs, anti-fraud evidence. Without platform: 2-3 weeks of full-time work.
Missing UMR and Risk Codes
Sub-brokers entering policies without correct UMR, wrong Risk Code for underwriting year, BDX rejected by managing agent.
Contract English vs operational Italian
MRC (Market Reform Contract) in English, conditions in Italian for end customers, double manual translation.
Lloyd's-grade compliance, Italian operational ease
| Lloyd's-specific activity | Status quo | With NewPicass 14.Net |
|---|---|---|
| Multi-format BDX for N managing agents | 3+ Excel templates, manual copy-paste | Per-binder configured templates, auto-generation |
| UMR + Risk Code validation | Sample manual check | Automatic input validation, block if missing |
| Atlas annual audit | 2-3 weeks full-time | Audit package generated in 1 hour |
| MRC ↔ customer-condition translation | Manual or external agency | AI Translation module · 5 languages · layout preserved |
| SFTP delivery + receipt tracking | Email + manual reminder | Automatic encrypted SFTP + acceptance tracking |
How the platform fits your role
Lloyd's + Italian specific compliance
On an Italian Lloyd's coverholder
Frequently asked questions from Lloyd's coverholders
What is Lloyd's Atlas and why do I need a specific IT system?
Atlas is the operational platform of Lloyd's of London for coverholder management. Atlas approval requires the coverholder to demonstrate specific IT capabilities: immutable audit trail, BDX generation in formats required by managing agent, segregation of duties between underwriting and accounting, tested business continuity plan, documented RPO/RTO for disaster recovery. NewPicass 14.Net is natively designed on these requirements — IT-side Atlas approval is significantly faster.
Which BDX formats do you support for managing agents?
ACORD AL3, Lloyd's standard BDX templates, proprietary Excel formats of single managing agents (e.g. Travelers, Munich Re Syndicate, Beazley), custom formats on request. Template configuration is one-time during binder onboarding. The system automatically validates formats and mandatory fields before delivery.
How do you handle UMR mapping and Risk Codes?
Each binding authority has its own UMR (Unique Market Reference) and its own Risk Codes mappable at product/sub-product/year level. The BDX management module automatically enriches every BDX row with correct UMR + Risk Code, and syntactically validates input UMR (Lloyd's format: broker code / year / unique sequence). Exception reporting for rows with missing UMR.
Can I integrate with managing-agent systems via API?
Yes. The BDX management module supports three delivery channels: (1) encrypted outbound SFTP (most common standard); (2) S/MIME email for legacy managing agents; (3) REST API when the managing agent exposes endpoints. Automatic acceptance receipt tracking, retry with exponential backoff on errors.
What does it take to pass the annual coverholder audit?
Lloyd's auditor typically verifies 6 areas: 36-month BDX traceability, policy issuance/modification logs, delegation logs (activations/revocations), anti-fraud controls, segregation of duties, business continuity. NewPicass 14.Net auto-generates an audit package covering all 6 in 1-2 hours. Replaces weeks of manual reconstruction.
From generic coverholder, what changes if I have ATLAS approval?
Functionalities are the same as a generic coverholder (see coverholder page). Lloyd's Atlas-approved adds: stricter reporting configurations, BDX format validated against the Lloyd's suite, more granular audit trail on delegations and binding-authority changes. The dedicated Lloyd's page provides everything needed for the annual coverholder audit, nothing more, nothing less.
See NewPicass 14.Net as it would work for a coverholder
45 minutes with one of our engineers. We show you concretely how the platform fits the specific workflows of your role — not a generic product demo.