Velonetic is a joint venture between DXC Technology, the International Underwriting Association, and Lloyd's of London, offering digital insurance processing services. They provide premium and claims processing, policy administration, and bespoke professional services to over 400 customers in the London insurance market[1][3]. Their target audience includes insurance companies and brokers. Velonetic's unique selling proposition is its ability to streamline insurance processes using AI and automation, enhancing efficiency and speed while reducing costs[1][5]. This digital transformation enables insurers to focus on higher-value activities and innovate in a competitive market[3][5].