Meet or exceed your customers’ expectations by paying claims in real time.
Get real-time visibility and control over your loss funds and set access rights and payment validation rules for delegated authorities.
Funds are held in tier-1 bank partners in a regulated environment and protected through safeguarding annual audits.
Using Vitesse, claim payments are drawn straight from insurers’ funds, removing the need for cash calls.
Automatic sweeps to fund claims payments allow for a reduction in committed liquidity, freeing up capital to invest back into your business.
Using our platform, claims payments are drawn from insurer funds, removing the need for loss funds and required cash calls.
Automatic sweeps to fund claims payments facilitate an 80% reduction in committed liquidity, freeing up funds to invest back into your business.
“The TPAs and Coverholders using the FCP solution said it made a world of different to them. They were explaining to us how this could be an absolute game changer and the beginning of the elimination of the clunky mechanism that we have in place right now.
I’m really proud that the market worked on this in collaboration, to embrace technology, automation and challenge the status quo.”
“FCP removes several steps, allowing us to decrease the time to pay claims and increase financial accuracy.”
“Month-end reconciliation went smoothly and any process changes didn’t require any additional time, and were worth it for the overall saving in effort and workflow improvement.”
“We have many other binders we think are suitable for FCP once the MAs get onboard – we’re sitting on hundreds of thousands of dollars in loss funds we don’t think we need.”