Specialist Delegated Authority consultant and MGA Accelerator DA Strategy announces today that it has appointed Paul Uprichard as an Executive Director to further strengthen the company’s specialist offering to the London market.
Paul joins DA Strategy from Sompo International where he was Head of Delegated Underwriting for over six years. He began his insurance career in 2004 and has held a number of delegated underwriting and market committee roles with companies such as Newline, QBE, Brit Insurance and Ascot Underwriting. Paul has also been a strategic advisor to several start-ups, both in the UK and overseas, for over a decade. He has a degree in Accounting and Financial Management and has studied Fintech through MIT, culminating in a Capstone project focused on the future use of the MGA model for insurtechs and broader digital strategy in the insurance market.
Charles Rowley, Chief Executive Officer of DA Strategy said:
“Paul has a wealth of relevant delegated authority knowledge from his time in the market and brings with him a high level of technological know-how as well as financial skills to the business. He will be a great asset to our clients – whether on the carrier, broker or MGA side – and I am delighted that a person of Paul’s calibre is joining DA Strategy at such an exciting time.”
Paul Uprichard, Executive Director, DA Strategy, said:
“I am very pleased to be joining the DA Strategy team who have the knowledge and the London market contacts to effectively advise and guide any operation involved in the expanding niche Delegated Authority underwriting ecosystem. I look forward to enhancing the many benefits they bring to their clients.
What especially excites me about my new role is the opportunity to use my unique blend of skills, including a combination of Delegated Underwriting experience and strategic Data knowledge, which is complemented by the experience I have gained through advising and personally investing in start-ups over the last 10 years that has consequently given me the insights into the do’s and don’ts of setting up a new business.”
Notes to Editors
About DA Strategy
DA Strategy is one of the leading Delegated Authority consultancies based in London with a group of seasoned, experienced London Market professionals. D A Strategy was formed to help carriers, brokers and MGAs manage their new or expanding delegated underwriting portfolios with a specific focus on speed-to-market. This is why DA Strategy is known as an MGA accelerator, helping new MGAs make an impact in the insurance sector. Unlike other MGA incubators and partners, the company does not take an equity stake in the MGAs they support.
From helping an MGA implement its own Delegated Authority processes, conducting a strategic review or providing a tailored outsource offering, DA Strategy’s input allows MGAs to concentrate on making the right business trading decisions knowing that they have high quality support in place.
DA Strategy additionally provides expert advice and an experienced resource for carriers who wish to review their existing risk management and product governance frameworks – often done in advance of a ‘deep dive’ regulatory review. It’s expertise crosses over into operational best practices where it can impart its deep understanding of IT systems and software to assist carriers and MGAs with choosing and implementing systems.
DA Strategy addresses the significant challenges MGAs, brokers and carriers now face due to the increased oversight from the FCA and other regulators, especially the external regulatory pressure on risk management, product governance, Solvency II, due diligence and data sharing.