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🚀 Transforming Compliance in the Lloyd’s Market: Atlas Data Now Integrated into Conect! 🚀

  • rhiannenewton7
  • Mar 18
  • 3 min read

You Spoke, We Listened – Atlas Data Now Available in Conect for All Our Coverholder, Managing Agent, and Broker Clients!


The Lloyd’s market is constantly evolving, with new challenges in compliance, risk management, and operational efficiency. In response to market feedback, we are excited to announce that Atlas data is now fully integrated into Conect. This game-changing enhancement provides Coverholders, Managing Agents, and Brokers with seamless access to critical compliance data, ensuring smoother workflows and enhanced decision-making.


This integration is a significant leap forward, helping businesses within the Lloyd’s market manage compliance with greater accuracy and efficiency. Read on to discover how Conect + Atlas can transform your operations and keep you ahead of regulatory requirements.





What is Atlas & Why Does it Matter?


Atlas is Lloyd’s central system for managing key Coverholder activities under Delegated Authority (DA). It serves as a crucial tool for tracking:


  • 🔹 New Coverholder Applications – including branch and service company applications.

  • 🔹 Changes to Coverholder Permissions – centrally managed by Lloyd’s to ensure compliance and standardisation.

  • 🔹 Annual Compliance Data – accessible to managing agents and Lloyd’s brokers, ensuring ongoing regulatory adherence.


Historically, Atlas data has been a static resource, requiring users to manually track updates and implement necessary actions. This manual approach often led to delays, increased administrative burden, and the risk of missing crucial compliance updates.

Now, with Conect’s integration with Atlas, this static data is transformed into dynamic, actionable intelligence. Automated workflows, real-time alerts, and comprehensive compliance oversight ensure that all relevant parties stay informed and proactive.


How Does Conect Supercharge Atlas Data for You?


The Conect + Atlas integration offers tailored benefits for different stakeholders within the Lloyd’s market. Here’s how it makes an impact:


For Managing Agents:


✅ Instant visibility into Coverholder approvals and compliance status.

✅ Automated workflows that trigger actions based on updates in Atlas, eliminating compliance gaps.

✅ Real-time alerts to notify you of changes, helping you stay ahead of regulatory requirements.

✅ Improved oversight of third-party relationships, ensuring all Coverholders meet compliance standards.


For Brokers:


✅ Streamlined compliance verification when placing business into Lloyd’s.

✅ Direct access to Atlas data within workflows, significantly reducing administrative tasks.

✅ Enhanced risk management with immediate access to updated Coverholder permissions and compliance data.

✅ Faster decision-making, enabling more efficient placement of policies with compliant Coverholders.


For Coverholders & Delegated Authority (DA) Teams:


✅ Seamless management of Delegated Authority agreements with real-time compliance updates.

✅ Automated compliance checks, integrating KYC, AML, and regulatory oversight tools directly into Conect.

✅ Reduced risk exposure by ensuring all compliance requirements are met before conducting business.

✅ Easier onboarding and day-to-day operations with full oversight of regulatory obligations and approvals.


Why This Is a Game-Changer for Your Business


The integration of Conect + Atlas brings a centralised, automated solution to compliance and Coverholder oversight, offering key advantages such as:


  • 📈 Time Savings: Eliminate manual tracking and administrative delays by automating compliance checks.

  • 🏢 Enhanced Accuracy: Reduce human error and ensure Coverholder approvals and compliance statuses are always up to date.

  • 🛠️ Operational Efficiency: Streamline workflows and focus on strategic tasks rather than administrative burdens.

  • 📅 Proactive Compliance: Stay ahead of regulatory requirements with real-time alerts and automated workflows.

  • 🚀 Business Growth: Confidently expand your network, knowing all compliance aspects are effectively managed.


With Conect + Atlas, businesses within the Lloyd’s market can now streamline compliance, improve operational efficiency, and mitigate risks like never before.


💎 Ready to experience the future of compliance management? Book a demo today and discover how Conect + Atlas can transform your business!



 
 
 

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