A carrier had a significant amount of premium owing to them and needed support for their credit control l team to identify this unpaid premium.
The customer signed up to our Data Insights Platform
One customer tracked down
£2 million
in unpaid premiums
Challenges
- The carrier needed help identifying unpaid premiums.
Solutions
- Velonetic provided Premium Settlement reporting service
Results
This allowed the customer to:
- Identify unpaid premium and work with Brokers to resolve the matter
- Recover millions in unpaid premium