Underwriting Services

We provide bespoke underwriting and broker services to over 40 organisations operating in the London market, enabling them to grow their business and achieve their goals.

Our experienced technicians cover all business classes with guaranteed seasonal support delivering consistent quality results and service during peak times.

Our underwriting services cover:

Risk data capture

Capturing insurance policy and risk data through our customers underwriting systems - both Bureau and non-Bureau business.

Accounting and reconciliation

Reconciling signing messages against risk captured in customers underwriting systems - both Bureau and non-Bureau business.

Credit control

Cash matching and aged debt management - both Bureau and non-Bureau business.

Intermediary services

Acting as the broker or service company to prepare, check and load premium and legacy claims documentation to the insurers Market Repository (IMR).

Core

Processing of premium and policy financial documentation - both Company and Lloyd's Markets.

Delegated Underwriting Services (DUS) and BinderCloud

Our Delegated Underwriting Services (DUS) and DXC BinderCloud make your binder management simpler than ever.

BinderCloud provides a unique managed service approach to straight-through binder processing. Co-created with our customers and shaped by our expertise, BinderCloud significantly improves the speed, accuracy and compliance of data sharing between coverholders, brokers, third party adjusters, Lloyd's managing agents and underwriters.

Velonetic complements the software with managed services that ensure the implementation of business-as-usual processes, which minimises business interruption and improves data readiness and quality. It is fully interactive workflow eliminates the need for emails, automating notifications and reminders to the broker and coverholder or managing general agent (MGA) as needed. Along with a custom designed auditable workflow for both mapping tasks and processing, BinderCloud simplifies bordereaux processing like no other tool.

Contact us to find out more