Keep complete control over your claim funds.
We provide consistent global safeguarding and real-time visibility for your claim funds, enabling more dynamic funding strategies to unlock your capital while ensuring prompt payouts to claimants.
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Control
Consistently control and protect liquidities held in claim funds globally.
Optimisation
Eliminate underfunding and overfunding scenarios to achieve optimal operational and financial efficiency.
Reconciliation
Track inbound and outbound payment activities for claim funds to simplify auditing and reconciliation.
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Consistent Safeguarding
We maintain the highest safeguarding standards by segregating your claim funds from our corporate funds in regulated tier‑1 banks. Minimal liquidity is held with selected local banks to expedite domestic settlements.
Reconciliation and Reports
Access a comprehensive library of customisable statements and reports in various formats for easy reconciliation. Subscribe to reports via email and file transfer (FTP) for aggregated financial statements or detailed raw data.
Real‑Time Insights
Gain a real‑time view of claim fund balances and payments, even when third‑party administrators handle claims. This empowers you to eliminate cash calls and optimize the capital engaged in your claims operations.
Flexible Funding Structure
Utilise a digital ledger supporting virtually any contract structure, from simple cases to complex arrangements with multiple capacity providers funding multiple contracts with various risk splits.
User Rights Management
Manage access rights for Finance and Claims Operations teams, even with delegated claims. Activate 2‑step approval flows for critical actions such as payments and money movements.
Segregated Claim Fund
Carriers and Capacity Providers use Vitesse Loss Funds to maintain full visibility and control over their funds while securely delegating them to partnering MGAs or TPAs.
MGAs and TPAs use Vitesse Loss Funds to segregate and protect the funds delegated by capacity providers and carriers. By providing real-time visibility and detailed reporting, they ensure timely top-ups and trust.
Fund Pooling
Carriers and Capacity Provider use Vitesse Funding Accounts to maintain full visibility and control over their funds delegated to partnering MGAs or TPAs. By linking several Payment Accounts representing contracts assigned to MGA/TPAs, they achieve maximum financial efficiency by pooling claim funds across combined risks.
Risk Sharing
MGAs and TPAs use Vitesse Funding Accounts to segregate and protect claim funds delegated by capacity providers and carriers. When a contract involves two or more underwriters, the Payment Account representing the contract automatically pulls funds from the associated Funding Accounts based on the percentage split specified in the contract.
Jake Mardell
Senior Claims Manager, Anansi
