In the complex ecosystem of the London Market, the integrity of your data is key to competitive advantage. Inaccurate initial capture is not merely an administrative error; it is the root cause of downstream operational drag, capital inefficiency, and flawed risk assessment.
Velonetic’s Risk Data Capture service operates as a strategic firewall, ensuring data quality is right-first-time. By integrating directly with your core systems, we eliminate reconciliation friction at the point of entry. We empower Managing Agents, Carriers, and Brokers to shift focus to value generation.
Market Impact at Scale
We provide the robust operational framework required for global insurance businesses to thrive.
- 99.5% Data accuracy rate at point of entry
- 60% reduction in downstream reconciliation queries
- Zero backlog maintained during peak renewal season
The Strategic Value of Precision
Our Risk Data Capture service is designed to modularly integrate with your operations, delivering immediate improvements in data hygiene and operational velocity.
Eliminating Downstream Friction
Reconciliation issues often stem from the very first keystroke. Our specialists leverage deep knowledge of London Market systems to capture risk data with absolute precision. This significantly reduces re-work cycles, allowing for seamless downstream processing and faster speed-to-market.
Enhancing Financial & Underwriting Confidence
Data is the lifeblood of risk management. By ensuring accuracy at the source, we provide the reliable data foundation necessary for sophisticated loss ratio analysis, reserve adequacy monitoring, and transparent financial reporting.
Optimising Resource Allocation
Your internal teams are your most valuable asset. Our bespoke, flexible solutions free your expert underwriters and finance teams from low-value data entry and correction tasks, allowing them to focus on strategic initiatives and complex risk management.
Comprehensive Premium and Underwriting Solutions
Risk Data Capture is one component of our broader ecosystem designed to drive performance across the insurance lifecycle. Explore our interconnected services below.
Accounts & Reconciliation
Achieve financial clarity through the accurate interpretation of London Market signing messages and efficient discrepancy resolution.
Credit Control
Optimise liquidity and reduce aged debt through proactive, data-driven management and professional trend analysis.
Data Insights Platform
Unlock actionable intelligence from your policy, premium, and claims data to refine risk appetite and meet evolving compliance demands.
Delegated Underwriting Services
Accelerate compliance and speed-to-market with BinderCloud, a secure platform for automated bordereaux transformation and validation.
Intermediary Services
Drive operational reputation with a 98% Right-First-Time rate for Core Services submissions, reducing rejections and accelerating payments.
Why Velonetic?
We do not simply process transactions; we operate as an essential extension of your strategic framework. With over 700 employees possessing deep technical knowledge of the Lloyd’s Market, we provide the scale and expertise necessary to navigate a hardening market.
By partnering with Velonetic, you leverage a unified solution that eliminates vendor fragmentation, minimizes operational risk, and unlocks the data required for smarter strategic decision-making.
Transform Your Operations
Discover how our Risk Data Capture service can be tailored to meet your specific strategic objectives.
