Delegated Authority Due Diligence and Audits

Lutine provide coverholder audit services across the UK and Europe and are able to assist with portfolios which have worldwide exposure and jurisdiction.

Lutine will create a bespoke team for each unique audit. Lutine have a panel of experts in respect of information and communications technology security, European language skills and risk management expertise to assist the core Lutine team with the specific requirements of each audit.

Lutine provide coverholder audit services which comply with Lloyd’s Coverholder audit scope requirements with a focus on testing.

Lutine are also able to provide a desktop audit for smaller coverholders where a complete audit would not provide a cost effective solution, which address core risk areas. Lutine has developed their own TPA audit scope which can be tailored to Insurers’ requirements based upon risk assessments and incorporating any specific areas of concern. Lutine have their own audit appendices for Conduct Risk, FATCA and Control Framework Management Information which include bespoke testing to address these risk areas.

Lutine have provided Lloyd’s coverholder audit services for a number of Lloyd’s Managing Agents and references are available upon request.