About

Phase one

Be ready for cutover to phase one digital services in July 2024

What is phase one?

In July 2024, 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 (sequence three) and delegated authority premiums and claims processing (sequence four) services.

A number one with a woman standing in front of it with a laptop

What's changing? 

Understand the key changes that need to be implemented by market firms in phase one of Blueprint Two.  

Changes by role
Overview of phase one changes

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 by 1 July 2024: 
 

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​

Progress

An overview of how phase one digital services will be delivered.

  • 2023
    • Firms identify and action early adoption activities 
    • Vanguard early adopter testing starts
  • January 2024
    • Firms continue to progress readiness and adoption activities
    • Vanguard early adopter testing continues
  • March 2024
    • London market premium and claims service built and ready to deploy for testing
    • London market delegated authority premium and claims built and ready to deploy for testing
    • User training starts
  • April 2024
    • Customer testing available for London market and delegated authority premium and claims services
  • End of June 2024
    • London market open market premium and claims live and ready for launch
    • London market delegated authority premium and claims live and ready for launch
    • Market testing complete for phase one
  • 1 July 2024
    • Market-wide cutover from heritage services
    • Phase one digital services launch

Testing

Keep up to date with our two-stage testing framework, involving early user testing with a select group (Vanguard) and self-service testing for all market participants.

Find out more 

How to get ready 

Explore our resources to help you prepare your firm for phase one changes.

Changes by role

Implementing change

Technical resources