We are pleased to share our latest processing figures, demonstrating Velonetic’s continued strength at the heart of the London insurance market. As a long-standing service provider in premium and claims processing for Lloyd’s and the Company markets, we are pleased to support the market with our expertise and experience.
In 2024, we saw growth across all key measures, reflecting both the scale of our operations and the dedication of our expert team. With decades of experience, we continue to provide an exceptional service while also concentrating on the development and implementation of the new Digital Processing Services (DPS).
Key Highlights from 2024:
- £117.9 billion in premiums and claims processed (+2.4% YoY)
- 2.3 million inward premium transactions (+8.5% YoY)
- 287.1 million messages handled (+15.5% YoY)
- 1.6 million Claim Advice Notifications processed (+4.4% YoY)
Our people are at the heart of what we do, combining deep industry knowledge with a commitment to excellence. As we move into 2025, we look forward to continuing our work with customers and stakeholders across the London insurance market, maintaining our high standards and driving further innovation.
Thank you for your continued support - we are excited for the year ahead.
See 2023 processing statistics here: https://www.velonetic.co.uk/node/401