Streamlined premium and policy operations
In the highly competitive and complex London Market, operational excellence is paramount to maintaining a competitive edge and driving profitable growth. Velonetic's Premium and Underwriting Services offer a comprehensive suite of insurance business process outsourcing solutions designed to bring unparalleled precision, efficiency, and insight to your entire insurance lifecycle.
Velonetic operates as an essential extension of the London Market, providing the robust operational framework required for global insurance business. Our services are built on deep market expertise and a proven track record of handling the industry’s most critical financial and processing functions.
Operational Strength and Unmatched Scale
$117.9 Billion
in premiums and claims processed.
Over 2.3 Million
premium transactions handled.
99.58% average
IT Service Level Agreement (SLA) maintained.
Explore Our Services
We provide modular, flexible BPO services that can be scaled to support your evolving business needs, as well as full end-to-end operational management. Click on the links to learn more about our services.
Accounts & Reconciliation
Delayed reconciliation impacts cash flow, distorts aged debt, and makes it harder to understand the true profitability of accounts. Our teams manage reconciliation across signing messages, premium records, and cash movements to maintain accurate financial records.
Credit Control
Late premium payments remain a persistent challenge across the market. We work to help you reduce aged debt, improve cash flow, reduce aged debt and provide comprehensive reporting.
Data Insights Platform
When data is scattered across multiple systems, teams operate without a clear view of what is really happening in the business. We deliver Lloyds and Company Market regulatory reporting and help unlock actionable data to help you enhance underwriting decision.
Delegated Underwriting Services & BinderCloud
We support delegated authority business with validated bordereaux ingestion, standardised mapping, and clear exception management. Our approach improves the speed accuracy and compliance data sharing between cover holders, brokers and MGAs.
Intermediary Services
Brokers and service companies face the challenge of adhering to complex London Market rules and maintaining high operational metrics without diverting resources from core business. Our service drives operational efficiency by helping to achieve higher Right-First-Time (RFT) rates for Core Services submissions.
Risk Data Capture
Inaccurate initial data capture is the root cause of downstream operational drag, reconciliation issues, and flawed underwriting decisions. Our specialist service ensures risk data is captured with precision, directly into your core systems.
Learn more about our Premium and Underwriting Services
