DA SATS is the Data Exchange System and using DA SATS is mandatory for Lloyd’s Europe.
What are Delegated Authority (DA) Data Standards and SATS?
- A single set of market-approved reporting DA Data Standards (Risk, Premium and Claim) to be utilised consistently across the entire delegated authority market.
- Central repository to facilitate the collection of data in line with the Data Standards, supported by a centrally manned service for delegated authority data (Submission, Access and Transformation).
- Data Standards are available through the Market Business Glossary (Coverholder Reporting Standards v5.2 and Risk by Class of Business) which feed into the DA SATS Solution. This will enable automation, straight-through processing and one-touch data capture.
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.
Find out more about onboarding, implementation, training and guidance, and all DA SATS related queries