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Wakam UK, Vitesse to accelerate claims payments, unlock capital growth

Tuesday, December 09, 2025 — 17:20:09 (UTC)

Wakam UK Ltd Partners with Vitesse to Accelerate Claims Payments and Unlock Capital Growth for MGA and TPA Networks

With delegated authority models becoming more complex, new financial infrastructure ensures MGAs, TPAs and carriers have claims funds exactly where and when they need them

London, UK – [9th December 2025] – Wakam UK Ltd, a leading digital insurer serving MGA’s, brokers and the embedded insurance market, has partnered with Vitesse, the trusted financial infrastructure platform for the global insurance ecosystem, to transform claims fund management and improve capital efficiency for its network of managing general agents (MGAs) and third-party administrators (TPAs).

As Wakam UK Ltd expands across the UK and Europe, the company is adopting Vitesse’s platform to deliver real-time visibility, control and integrity of claims funds and data. The move replaces manual processes with a centralized funding model, enabling real-time payments, reducing financial leakage, freeing up capital, and strengthening operational capabilities.

“Partnering with Vitesse has transformed how we manage and move claims funds. We’ve gained real-time visibility, control, and confidence in every payment, ensuring approved claims reach the right beneficiaries quickly and securely,” said Dean Witherington, Chief Claims Officer, Wakam UK Ltd. “The automation, transparency and consistent claims data across partners have significantly reduced manual reconciliation and the risk of leakage across the process, saving us time and money that we can reinvest into customer service and innovation.”

Across the industry, loss funds frequently hold 16–24+ weeks of expected paid losses, tying up capital across delegated authority programs. By moving to Vitesse’s centralized model, Wakam UK Ltd has been able to operate with 6–7 weeks of reserves, freeing capital to support new product launches and accelerate expansion across Europe.

“Wakam UK Ltd’s adoption of our infrastructure shows what’s possible when insurers bring financial control and claims fund management onto a single, trusted platform,” said Phil McGriskin, CEO of Vitesse. “They’re achieving faster settlements, greater liquidity, and tighter control that helps minimize leakage and strengthen customer trust.”

The shift is also delivering tangible benefits to Wakam UK Ltd’s partner network. More than 50 MGA and TPA partners have been onboarded to the Vitesse platform, giving them faster access to Wakam UK Ltd’s claims funds and eliminating the need to use their own capital to settle claims. The platform’s automation of fund flows, reconciliation, and reporting reduces administrative workloads and provides real-time insight into available funds, improving speed and accuracy in claims payments. It also standardizes the flow of claims data back to Wakam UK Ltd, strengthening reporting quality and operational consistency across partners.

Vitesse’s platform serves as the financial infrastructure for the insurance ecosystem, enabling claims fund optimization, real-time global payments, and regulatory alignment across jurisdictions. Licensed by the FCA in the UK and the DNB in Europe, Vitesse has facilitated more than $20 billion in payments across 200+ countries and currencies.

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About Wakam: Wakam UK Limited is a UK-regulated niche insurer specialising in tailor-made, technology-enabled solutions for MGAs, Brokers and InsurTechs. Established in 2024 and regulated by the FCA and PRA, the company combines the accessibility and agility of a experienced local team with the financial strength of a well-capitalised insurer. With a £400 million UK portfolio, a 197 percent solvency ratio and partnerships with leading A and AA-rated reinsurers, Wakam UK delivers fast, transparent and data-driven capacity for modern insurance products

About Vitesse: Vitesse is the trusted financial infrastructure connecting the global insurance ecosystem. Purpose-built for the industry, Vitesse provides insurers, brokers, MGAs, and TPAs with a unified platform for claims funds optimization, real-time global payments, and end-to-end financial control. To date, Vitesse has facilitated $20 billion in payments across 200+ countries and currencies, and has returned hundreds of millions in claims funds to insurers’ balance sheets.

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Source: Company press release.

Categories: Partnership