AI ActHigh-risk AI rules for life and health insurance pricing apply from 2 December 2027.See what to keep
Sign inBook a demo
Brokers and MGAs

You bind on their paper. Show every risk was inside the binder.

An MGA or coverholder binds under a capacity provider's authority: its classes, limits, territories and wording. HONESTAS checks each risk against that authority before you bind, not afterwards. Bordereaux to your capacity providers come straight from the records, and your clients can see how their claims are going.

Book a demo Follow one bind
Checked against the binder before you bindBordereaux straight from the recordsA broker's view of every claim
honestas · storefront · getting a quoteSample data
A home insurance quote on a broker's own storefront, with the insurer's premium, insurance premium tax and the broker's fee shown as separate lines before the customer pays
A quote on a broker's own storefront. £312 a year, with the insurer's premium, the tax and the broker's fee shown as separate lines before anyone pays.Sample data
Where it helps

Six decisions made on someone else's paper.

Each one leaves a sealed record your capacity provider can check. Open one to see what goes in, what comes out and who signs.

honestas · storefront · the appSample data
One app template shown as two brokers' own apps on iOS and Android, each with the customer's policies, a claim button and the insurer named at the bottom
One template, two brokers' apps. The same app under each broker's brand and store account, with the insurer named on every screen.Sample data
Binding inside the authority

Each risk is checked against the binding authority before you bind: class, limits, territory, wording and referral rules. Outside it, the risk goes to the capacity provider with the file.

Goes in
The binder, the risk and the proposed terms
Comes out
A bind inside authority, or a referral with reasons
Signs
Your underwriter, with authority checked first
Instructions from capacity providers

When a capacity provider narrows your authority, the change is in force once you confirm it. Every bind after that is checked against the new limit.

Goes in
The instruction, in writing
Comes out
A confirmed change with its date, and the binds since
Signs
Whoever the binding authority agreement names
Bordereaux to capacity providers

Risk, premium and claims bordereaux are built from bound records in the format each capacity provider asks for, including Lloyd's reporting standards.

Goes in
Bound risks, premiums and claims
Comes out
Bordereaux where every row links to a sealed record
Signs
Your delegated authority lead
Placing for clients

For brokers: the client's demands and needs, the market submissions and the quotes are kept with the placement, so you can show why you recommended what you did.

Goes in
The client's demands and needs, and the quotes
Comes out
A recommendation with its reasons, sealed
Signs
Account executive
Your storefront and apps

Quotes, documents and claims under your own brand. The insurer's disclosures are fixed, and your fee is shown on its own line.

Goes in
Your brand, products and panel of insurers
Comes out
A storefront and apps for each brand
Signs
Compliance, before anything is published
A broker's view of a claim

Your client's claim as the insurer handles it: where it is, what is owed and what was decided, through a seat the insurer gives you.

Goes in
A seat on the insurer's claim record
Comes out
Updates and decisions you can pass to the client
Signs
The insurer decides. You see it
One bind, step by step

A coastal warehouse, bound inside the pen.

Harbourline Underwriting, a fictional MGA, binds on the paper of Northgate Mutual, a fictional insurer, for a client of Tollard, a fictional broker. Six steps from the submission to the broker's view of a claim. Scroll, and the screen follows the step.

  1. 01 · Submission

    A broker sends a coastal warehouse.

    Tollard, the broker, sends Greyfell Logistics' dockside warehouse in Immingham to Harbourline Underwriting, an MGA writing on Northgate's paper. The presentation is read and filed with its sources.

    Tollard sends it. Harbourline's desk reads it.

  2. 02 · Authority

    Inside the pen, line by line.

    Before anyone quotes, the risk is checked against binding authority CA-118: class, territory, limits, referral rules and wording. The coastal limit is the one Northgate narrowed and Harbourline confirmed.

    The check runs before the underwriter sees a price.

  3. 03 · Price

    The rate book, and a second opinion.

    The premium comes from Northgate's rate book. A second, independent model works it out again and lands within the allowed difference. With no signals, triage sends it to a short room with the underwriter in the chair.

    Dan Alvez, underwriter, chairs it.

  4. 04 · Bind

    Bound, signed and sealed.

    The underwriter binds with a passkey. The record carries the binder version, the checks that passed and the price, and is sealed and time-stamped outside Harbourline.

    Dan Alvez, underwriter at Harbourline, binds.

  5. 05 · Bordereau

    The bordereau writes itself from records.

    At month end the risk bordereau to Northgate is built from the sealed binds, in the Lloyd's reporting format. Every row links to its record, and every row is checked against the binder again before it goes.

    Harbourline's delegated authority lead sends it.

  6. 06 · A claim

    The broker's view of a claim.

    Later, Greyfell has a storm claim on another policy. Through a seat Northgate gives, Tollard sees where the claim is, what was decided and what was sent, and can tell the client without chasing.

    Northgate decides the claim. Tollard sees it.

The rules you answer to

Mapped to the rules for intermediaries and coverholders.

Each sealed record is linked to the rules it helps answer, so a capacity provider's audit starts from evidence.

  • Insurance DistributionDirective (EU) 2016/97 (IDD), Art 17, 20 and 25Act in the customer's best interests, find their demands and needs before every contract, and share product oversight with the insurer.
  • Lloyd's delegated authorityIntermediaries Byelaw (No. 3 of 2007)Coverholders approved, and their binding authorities registered, before they bind for a syndicate.
  • Lloyd's reporting standardsCoverholder reporting standards, v5.2A core data set for risk, premium and claims bordereaux that syndicates collect from every coverholder.
  • Consumer Duty, UKFCA PRIN 2AEach firm in the distribution chain answers for the outcomes it can affect, including fair value and its own fees.
  • Consumer Protection CodeCentral Bank of Ireland, S.I. 80/2025 and 81/2025Applies to insurance intermediaries in Ireland as well as insurers, from 24 March 2026.
  • EU AI Act, high-riskRegulation (EU) 2024/1689, Annex III 5(c)If you use AI to price life or health cover for people, the high-risk rules apply from 2 December 2027.

AI Act dates as amended by Regulation (EU) 2026/1744, the Digital Omnibus. Not legal advice.

Go deeper

Go deeper

SolutionsSpecialty and London market

The capacity provider's side of the same binder.

PlatformYour own storefront

Quotes, documents and claims under your brand.

PlatformAgents and partners

Agent-to-agent links to insurers and capacity providers.

Book a demo

Start with one binder.

Bring a binding authority agreement and last month's bordereau. We will check every risk against the binder and show a bind sealed from submission to bordereau.

Book a demo See pricing