Our mission
Leading, shaping, and building the digital future of the global insurance marketplace
Velonetic represents the joint ventures between DXC Technology, the International Underwriting Association (IUA), and Lloyd’s of London. Previously referred to as the London Market Joint Ventures, we have been operating for over 20 years in the London market (Lloyd's and Company), in both insurance and reinsurance business. Processing over £117 billion worth of premium and claims transactions today, we are building a new digital platform and services that will enable our customers to move transactions and money through the processing lifecycle with greater efficiency and speed, releasing time to drive innovation and focus on higher value activities.
We're making insurance easier and helping business soar
Our insurance processing services make insurance easier
Velonetic has over 600 employees with extensive experience and expertise who deliver high quality services to over 400 customers. In addition to London Market Central Services as our core offering, we support our customers with bespoke professional services. By relying on us to process transactions through the insurance lifecycle, from policy and premium processing to claims and settlement, our customers can concentrate on what they do best - providing cover for the unknown and settling claims quickly when they arise.
worth of premiums and claims in 2024
premium transactions
claims notifications
messages
average IT SLA
Find out how our experts and digital services can help you
Our customers are at the heart of what we do. We provide automated insurance processing services that are dependable and trusted by our customers. Our solutions are adaptable and scalable, so you can select how we can best support your organisation to become smarter, more efficient, and easier to do business with.
Delivering solutions for a truly digital global insurance marketplace
We are harnessing the power of technology backed by insurance expertise to support your organisation’s digital transformation.
By adopting Velonetic's new digital platform and services, your organisation can benefit from streamlined processes, a single platform, and the evolving developments in AI, to move transactions and money through the processing lifecycle with greater efficiency and speed, releasing time to drive innovation and focus on higher value activities.
Discover how you can use our digital processing services to create, innovate, and soar in an increasingly competitive and dynamic market.
Be part of our journey
We want to hear from you whether you are a customer, work in the market, or you would like to join us.
Velonetic - a single identity
Velonetic is the new brand identity for the joint ventures powered by DXC Technology, the International Underwriting Association, and Lloyd's of London. We have been operating in the London insurance and reinsurance market for over 20 years so you may be familiar with our previous identities and seen materials that refer to one or more of the following organisations. Velonetic is a single identity that replaces all those that have been used in our history.