MGAs and coverholders
Know you are inside your binder before your capacity provider asks.
Delegated authority
Every row checked against the contract it was written under
A binder, line slip or facility is agreed once, in detail. What comes back is a spreadsheet. StrataLens checks each row against the agreed terms as it arrives, and sends only the exceptions to a person.
- UK hosted
- Cyber Essentials Plus
- IASME Cyber Assurance
- Runs in Microsoft Teams
The contract
- Class
- Commercial property
- Territories
- UK and Ireland
- Maximum line
- £2m
- Period
- 1 Jan – 31 Dec 2026
The bordereau
- 12Leeds · £850kpass
- 13Dublin · £1.4mpass
- 14Leeds · £2.6mrefer
- 15Lyon · £600krefer
- 16Cork · no valuefix
What changes
After the contract is bound
Today
- Terms agreed once, then checked by memory and spreadsheet
- A risk outside terms found at audit, renewal or loss
- Oversight by sample, weeks after the risks were bound
- Evidence assembled by hand when someone asks
With StrataLens
- The contract’s terms written once as plain-English rules
- Every row checked against them the day it arrives
- Exceptions in front of a named person, with the reason
- Each record traced to its source row and the term that decided it
Everything on this page is live in the product today.
A worked example
One bordereau, checked the day it arrives
Five rows written under the binder above. Fictional data.
5rows received
2within terms
2referred to a person
1cannot be checked
| Row | Risk | Territory | Line | Result | Decided by this term |
|---|---|---|---|---|---|
| 12 | Warehouse, Leeds | UK | £850,000 | pass | All terms met |
| 13 | Office, Dublin | Ireland | £1,400,000 | pass | All terms met |
| 14 | Factory, Leeds | UK | £2,600,000 | refer | Maximum line £2,000,000 |
| 15 | Retail unit, Lyon | France | £600,000 | refer | Territories: UK and Ireland |
| 16 | Hotel, Cork | Ireland | missing | fix | Sum insured is required |
Row 14, traced end to end
- SourceMarch bordereauRow 14, line £2,600,000
- RecordOne governed recordAligned to MRC v3
- TermMaximum line£2,000,000, from the binder
- DecisionReferredTo the binder’s underwriter, same day
How it works
From agreed terms to a checked record
-
1
The terms
Classes, territories, limits, period and maximum line, written once in plain English
You -
2
The data
Bordereaux and feeds, as they arrive
StrataLens
-
3
Checked
Every row against the terms; the same row always gets the same answer
StrataLens
-
4
Exceptions
Only what falls outside terms, with the reason
Your team -
5
One record
Aligned to MRC v3, with lineage, delivered where it is needed
StrataLens
Handled by StrataLensYour people, or the other party
Rules
The contract’s terms, in plain English
“Refer any risk above the maximum line or outside the binder’s territories.”
Written by the underwriter who holds or grants the authority. AI drafts the rule; a person approves it; a deterministic engine applies it.
pass
Within termsInside the territories, the class and the maximum line
refer
Outside termsGoes to a named person, with the term it failed
fix
Cannot be checkedA missing value is flagged against its source row
- No model decidesThe same row and the same rule always give the same answer
- People keep the decisionsBinding, signing and referrals stay with a person
- Every check on recordWhat arrived, what was checked, who decided, and when
Who it is for
The same check, from each side of the contract
Carriers and capacity providers
See what was written under your authority, checked against what you agreed, on every row.
Brokers managing delegated business
One checked record between your coverholders and their markets.
Questions
Common questions
Does this depend on a placing platform or a particular policy system?
No. It works whichever platform the contract was agreed on, and on contracts agreed on none. The data arrives by file or API from the systems you already run.
Who writes the rules?
The underwriter who holds or grants the authority writes the contract’s terms once, in plain English. They are approved before they go live and every change is recorded.
Is this an AI agent?
It runs the checking and reporting job end to end and hands people only the exceptions, so some customers call it an operations agent. AI drafts rules and mappings for a person to approve. Decisions are made by a deterministic engine, never by a model.
What do people still do?
Bind, sign and decide every referral. StrataLens removes the checking, re-keying and chasing around those decisions.
Which standards do you follow?
The record is aligned to MRC v3.
Where is the data held?
In the UK, in Microsoft Azure UK South.
First published 6 November 2026.
Thirty minutes on one contract and one bordereau
Bring one binder’s terms and last month’s file. We will check it live.