From Agreement to Settlement—We Handle It For You
Managing fees in today’s fast-paced insurance market is complex and resource-intensive, with companies facing time-consuming administrative processes, limited expertise, rising costs, operational inefficiencies, and outdated technology that hinders functionality and affordability.
Velonetic Fee Services simplifies the entire fee workflow. We manage fee agreements, secure necessary approvals, and ensure timely, traceable payment to experts, managing agents, and carriers. Our unique market position allows us to leverage existing agreements and specialist expertise to deliver efficiency across the Lloyd’s, Company, and Expert markets.
Market Impact at Scale
700
experts subscribed (approx)
99.8%
KPI’s met within agreed SLAs
70+
customers using our fee service
Turn Fee Complexity into Operational Simplicity
Whether it’s pre- or post-claims, we ensure accuracy, speed, and compliance.
Hands off fees processing
We can create the submission into Velonetic for return premium processing and settle via central settlement number or Direct Payment to the expert.
Easy Contracting
If you’re signed up to the London Market Central Service’s FERN agreement, you don’t need to contract separately with us for pre- or post-claims fee services.
Expert payment and chasing
We take on the administrative burden of chasing invoices, securing payment and settling directly for experts who might not have direct relationships with all market participants.
Explore Our Claims Services
Transform Your Operations
Discover how our fees service can transform your processes and reduce friction.
