Coverholder audit — automated to Lloyd's standard
Aldric runs the LMA Coverholder Audit Scope over your V5.2 bordereau and returns a 13-section report the same day — every finding traced to the source row, the check ID, and the regulation it derives from. Same evidence a managing agent will accept.
Premium allocation exceeds binding-authority limit by 4.2%.
Cited: LMA Coverholder Audit Scope §4.2.1 · Lloyd's V5.2 CR201 · FCA SYSC 6.3.4
Every finding in an Aldric report looks like this — the row, the check, the numbers, the citation. Nothing the managing agent can't reproduce.
What Aldric produces
PDF, sign-off ready. Executive summary through appendix, in the section order and voice the market expects. Rendered from structured findings, not templated boilerplate.
JSON and CSV of every check, every hit, every row referenced. Hash-chained, so any later change is detectable — the regulator can verify the pack is the pack you signed off, weeks or years later.
Each finding routes to a specific, phrased ask the coverholder can action — not "please investigate." Reduces the back-and-forth that eats audit weeks.
Built on the standards the market already reads
LMS DA
Lloyd's Minimum Standards — Delegated Authorities. The oversight bar every managing agent is measured against.
Code of Practice
Lloyd's Code of Practice — Delegated Underwriting. The operational how, alongside LMS DA's what.
LMA CAS
LMA Coverholder Audit Scope, October 2025 revision. The scope every DA audit engagement is written against.
V5.2
Lloyd's V5.2 Coverholder Reporting Standards. All 303 field codes indexed and checked.
SYSC 6
FCA SYSC 6 outsourcing controls. Where delegated authority sits in the conduct framework.
When Aldric flags a finding, the managing agent sees the citation — not "the model thinks so." Every check maps to a paragraph in a document the audience already keeps on their desk.
Why now
Lloyd's has been tightening delegated-authority oversight since the LMS DA revision. Managing agents are being asked to demonstrate — not attest — that coverholder activity is monitored between annual audits. The direction of travel is a live evidence trail, not a spreadsheet the day before the audit lands.
Aldric fits that shape. Every bordereau that arrives can be audited as it lands, with the same rigour as the annual pass, at a cadence continuous oversight actually requires.
Honesty section
No customer logo wall. No "trusted by" strip. Aldric is early, and this page is for people we're about to be in a room with, not people scrolling ads. If you're reading this, you're one of two or three.
The tool is real, the output is real, the standards it maps to are real. The reference customer is the next conversation.
Next step
The fastest way to know if this fits is to watch it run on a sample of your own binder. Bring 20 rows; leave with the audit report an incumbent would take six weeks to produce — cited, structured, in the format your managing agent already reads.
Muazam Sarfaraz · [email protected] · aldric.uk