Show your policies are followed, not only approved.
Policy 2.0 breaks each policy into principles, each with an owner and the risks, controls and indicators that test it.
Shown on Halden, our fictitious Lloyd's managing agent. See how Halden runs it
Do our policies hold together?
- 12Policies
- 34Principles
- 1Review overdue
- Delegated authority policy1 failed control · 2 overdue actionsReview overdue
- Claims management policy3 of 5 controls effective1 failed control
- Outsourcing and third-party policy1 overdue actionReview in 59 days
Lloyd's says the Principles cannot be handed to compliance.
Our reading: a policy signed once a year by one owner says little about whether the business follows it.
- Jan 2026 · Lloyd'sBoards and senior management should not regard the Principles as "activities that can be delegated to compliance".Source: Lloyd's, Principles Board Attestation: Guidance for 2026, p3 (opens in a new tab)
- Apr 2026 · PRASenior individuals "remain accountable for the actions of those to whom they delegate responsibilities".Source: PRA SS35/15, April 2026 update, para 2.33 (opens in a new tab)
- Apr 2026 · PRAReasonable steps include "raising issues, reviewing issues, and following them up with relevant staff, committees and boards".Source: PRA SS35/15, April 2026 update, para 2.112 (opens in a new tab)
What you get
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Break each policy into principles you can test.
Each principle has its own owner, and links to the risks, controls and indicators that show whether it holds.
- Today
- One long document, signed once a year
- With CoVi Analytics
- Principles, each with an owner and tests
Policy 2.0Delegated authority policy- Use only approved coverholders2 risks · 2 controlsEffective
- Binding authorities stay within limits2 risks · 2 controls1 partial
- Audit every coverholder at least once a year2 risks · 2 controls1 failed
Owner: Head of Delegated Authority.
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See a failed control on the policy it affects, as soon as it is recorded.
Failed controls, incidents and overdue actions surface on the principles they touch, so the review starts from what actually happened.
- Today
- Signed off at the annual review
- With CoVi Analytics
- Failures show on the policy
Halden's policies report sorts what needs attention first.
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Know which policy wordings changed, and who approved each change.
Each line shows the share of policies on its house wording unchanged, and every exception with its approver.
- Today
- Exceptions spotted at audit
- With CoVi Analytics
- Each exception counted, with its approver
Policy wordingsHalden · 5,275 policies in force- Standard wording, unchanged93.4% of policiesOn standard
- Exceptions approved12 of 16Approved
- Exceptions not approved4 of 16Not approved
One coverholder still issues a superseded wording on 214 certificates.
Know each policy holds, and who owns the fix when it does not.
Each principle points to the controls, indicators and actions that test it, so the answer is already in the record.
Bring one policy. See it as principles.
Tell us which policy is hardest to evidence today, and leave knowing where to start.
We'll walk you through how it all comes together with Halden.