What is phase one?
For phase one, Velonetic will move all customers to a new single digital platform and processing services for open market and delegated authority business.
Phase one introduces data-centric, agile, and secure capabilities, including London market premiums and claims processing service and delegated authority premiums and claims processing services.
What's changing?
Understand the key changes that need to be implemented by market firms in phase one of Blueprint Two.
We have divided resources relevant to specific firms into two useful pages to help you prepare for phase one.
There are five key changes that need to be implemented by market firms in order to utilise the new digital processing platform, and to continue transacting in the London market:
Market gateway (ASG Adept)
Requirement to connect to the market gateway for all messaging
Messaging
Standard EDI messages in digital phase one will not undergo changes, but customised messages may be affected
New digital market services
Market firms will have access to new digital processing services (IPOS and ICOS), replacing all existing portals
Project and change management
Ongoing project and change management is required from market firms to implement the changes
Reporting
Reporting management will undergo changes, introducing a self-serve approach, with all existing reports accessible through the QlikSense reporting tool
Download a high-level one page design for the new Digital Processing Services (DPS)
Testing
Testing is one of the most challenging parts of the programme and heavily dependent on the progress of the build. The aim is to ensure we test in the most methodical way, while giving confidence to our customers throughout the process.
How to get ready
Explore our resources to help you prepare your firm for phase one changes.
Changes by role
Implementing change
Technical resources
