Eliminate the friction of fragmented document management
Managing premium and claims documentation across the London Market is often hindered by fragmented systems and manual validation hurdles. Without a centralised exchange point, brokers and carriers face significant delays in document processing, increased risk of data silos, and a lack of clear audit trails for critical transactions.
The Insurance Market Repository (IMR) solves these challenges by providing a single, secure environment for uploading and exchanging everything from London Premium Advice Notes (LPAN) to complex claims notifications. By using the IMR, Velonetic ensures that every document is validated, cross-referenced, and formally recorded with a Signing Number and Date (SND), accelerating your workflows from submission to settlement.
Key statistics
- [Placeholder]% reduction in document processing turnaround times.
- [Placeholder]% improvement in data validation accuracy across premium submissions.
- [Placeholder] active users currently transacting via the IMR gateway.
Benefits
In using the IMR, Velonetic’s processing provides a robust framework for operational excellence by centralising the storage and exchange of all premium and claims messages in one secure location. This unified approach ensures total auditability and cross-referencing for every transaction, significantly reducing the administrative burden on your teams. Ultimately, this leads to faster agreement and settlement workflows, providing the transparency and reliability required to thrive in a high-volume market environment.