Last night, we had the pleasure of attending the #WomenInTechExcellence Awards to celebrate the achievements of women in technology. We’re so pleased to share that two of our talented #Velonetic colleagues, Kathryn Dinley and Linsey Cranfield, were shortlisted for awards on the night – a testament to their incredible contributions and dedication. We couldn’t be prouder of them both! The evening was filled with inspiring stories from both nominees and winners. Congratulations to everyone who was recognised in any way – your achievements are paving the way for future generations. #TeamVelonetic
Velonetic
Insurance
Velonetic is leading, shaping, and building the digital future of the global insurance marketplace.
About us
Velonetic is leading, shaping, and building the digital future of the global insurance marketplace. Velonetic is making insurance easier for a smarter, faster, global marketplace. Previously referred to as the London Market Joint Ventures, Velonetic represents the joint ventures between DXC Technology, International Underwriting Association, and Lloyd’s, that have been operating for over 20 years in the London and Company markets, in both insurance and reinsurance business. Velonetic has over 500 employees with extensive experience and expertise who deliver high quality services to over 400 customers. We provide London Market Central Services as our core offering, as well as bespoke professional services to support our customers throughout the insurance lifecycle – from policy and premium placement to claims and settlement. To put this in context, in 2022, we processed over £101.1 billion worth of premium and claims transactions and handled over 209 million messages. We managed over 2 million premium transactions and over 1.6 million claims notifications – all while delivering achieving 99.8% of our IT service level agreement with our customers. Velonetic is delivering the future of insurance today. In May 2022, Velonetic (as the London Market Joint Ventures representing the shareholdings between DXC Technology, the IUA and Lloyd’s) agreed an extension of the contract with DXC Technology to build the digital platform that will underpin the London market's transformation, to include a set of services that will create the foundation to safely transition London market insurance companies over to the cloud-native digital platform running on AWS. The single digital platform will transform legacy systems to modern applications using AI, automation, and the cloud, bringing significant improvements in speed and efficiency. Velonetic’s new digital premium and claims processing services will bring straight-through processing and reduce resource intensive tasks.
- Website
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www.velonetic.co.uk
External link for Velonetic
- Industry
- Insurance
- Company size
- 501-1,000 employees
- Headquarters
- London
- Type
- Privately Held
- Founded
- 1999
Locations
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Primary
One Lime Street
Gallery 4
London, EC3M 7HA, GB
Employees at Velonetic
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Ray Johnston
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Derek Russell
Customer Relationship Manager
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Bob James
CEO | COO | C-Suite Operating Executive | NED | Digital and Tech Strategy | Insurtech Investor | Underwriting & Distribution Executive | Mentor |…
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Callum Gibson
Supporting the digital transformation of the London Insurance Market – Lloyd’s of London & the International Underwriting Association (IUA)
Updates
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Latest Blueprint Two newsletter published! View the most recent edition of the monthly #BlueprintTwo newsletter, to find the latest updates on the progress made across the programme in providing the digital services outlined in Blueprint Two. https://lnkd.in/evKCsdaz #DigitalTransformation
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We've had a brilliant start to the week! 📸🎥 On Monday and Tuesday, our London and Chatham offices were busy as we welcomed a videographer and photographer capturing content for an exciting new project. Today, we're delighted to be hosting a strategy workshop for an external organisation in our auditorium space on Gallery 4 of the Lloyd's building. It’s wonderful to see our space bringing people together for impactful conversations and collaboration. We hope you enjoy a glimpse behind the scenes! #Velonetic #TeamVelonetic #Collaboration
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On this Remembrance Day, we pause to honour the courage, commitment, and sacrifices of those who have served and those who continue to serve. Thank you - your sacrifices will never be forgotten. #WeWillRememberThem #RemembranceDay #LestWeForget
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We recently relocated our Chatham office location to a new area within the Lloyd's Chatham office! Our newly refurbished office is designed to provide a bright, functional environment for #TeamVelonetic members who enjoy working in an office setting. With room for 35 colleagues, this space encourages teamwork and community. Our new office includes dedicated areas for meetings, collaboration, and social interactions. We're excited to see this new environment support our team members! #Velonetic
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Interesting insights from our COO, Callum Gibson, this morning. At #Velonetic, teamwork is the backbone of everything we do, and it’s critical to our success in delivering the #BlueprintTwo programme. The programme is a true test of our commitment to our values: collaboration, integrity, boldness, ownership, and respect. By holding these values close, we empower each other, face challenges head-on, and keep service excellence at the heart of what we do. As we share this journey with our incredible partners and market associations, we’re reminded daily of the impact of strong partnerships and collaborative support. Bringing this mindset into all we do enables us to continue to deliver value for our customers every day. Read Callum's full post here: https://lnkd.in/eiprq9bk #TeamVelonetic #VeloneticValues
Supporting the digital transformation of the London Insurance Market – Lloyd’s of London & the International Underwriting Association (IUA)
As we make steady progress through the #BlueprintTwo programme, I'm continually reminded of the value of strong partnerships and collaborative support given to us at Velonetic. Navigating a transformation of this scale isn’t easy, but having the guidance of our market associations, International Underwriting Association of London, Lloyd's Market Association & LIIBA - London & International Insurance Brokers’ Association, within the Transformation Management Office (TMO) is truly invaluable. Their insights and support are helping us overcome challenges and stay aligned with our goals. I’m grateful for the collective effort and expertise that’s driving us forward. Together, we’re making this monumental change not only achievable but impactful. Here’s to continued teamwork, resilience, and innovation as we press on! A special thank you to Sheila Cameron, Rob Myers, Dave Matcham FCII, Louise Day, Christopher Croft and James Livett. #Velonetic #DigitalTransformation #DXCInsurance
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Following the #BlueprintTwo Working Session held on 7 October 2024, Lloyd's and #Velonetic co-hosted two virtual Q&A sessions on 15 and 17 October 2024, to provide the market with an opportunity to ask further questions. With 250 attendees across the sessions, #Velonetic and DXC Technology experts from the Blueprint Two programme answered questions covering build, testing & Vanguard, EDIs and more. You can review the slides and watch the replay of the sessions here: https://lnkd.in/etEE-sWy
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Last week, we had the pleasure of attending the Women In Insurance Awards, and what a fantastic evening it was! We were thrilled to see two of our incredible #Velonetic team members, Kathryn Dinley and Teresa Jennings, shortlisted for Team Leader of the Year and London Market Professional of the Year respectively. A special mention to our Chief Strategy Director, Kerry Rainer, who had the honour of presenting the Trailblazer Award! It was a wonderful night celebrating the achievements and contributions of the amazing women in our industry. A huge congratulations to all the nominees and winners, and thank you for having us! #WIIA24 #CelebratingSuccess #TeamVelonetic
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❗ Reminder ❗ Our next #BlueprintTwo virtual events are Q&A sessions following our October market event. These two sessions give you the opportunity to ask questions, and also to invite people from your organisations who were not able to attend the in-person event. If you were unable to attend, we encourage you to view the recordings before attending the Q&A sessions. https://lnkd.in/eEiV_jGD The sessions are on 15 October (10:30am UK time) and 17 October (10:00am UK time) and you can register below: https://lnkd.in/ewF4DNGf #Velonetic #digitaltransformation
Events
velonetic.co.uk
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Yesterday, alongside Lloyd's, we hosted a #BlueprintTwo Working Session with ~500 market participants in attendance. Bob James, Velonetic CEO, and Callum Gibson, Velonetic COO, welcomed attendees with a brief programme update. A panel with various #Velonetic and DXC Technology experts followed, discussing the latest updates from testing and build. The remaining plenary session speakers provided updates on regulatory notification and market assurance. Market participants were given the opportunity to ask the various experts any questions they may have in breakout sessions after the main plenary. Our next virtual events are Q&A sessions following yesterday's market event. These two sessions give you the opportunity to ask questions, and also to invite people from your organisations who were not able to attend yesterday. The sessions are on 15 October (10:30am UK time) and 17 October (10:00am UK time) and you can register at the link below: https://lnkd.in/ewF4DNGf #Velonetic #digitaltransformation