Vitesse and PwC have joined forces to deliver a new proposition for the delegated authority insurance market, aimed at helping insurers, MGAs and TPAs address longstanding challenges around loss fund management, cash visibility and operational efficiency.
The collaboration combines Vitesse’s digital payments and treasury management technology with PwC’s expertise in insurance operations, finance transformation and change management. Together, the firms aim to help delegated authority participants move away from traditional fund management processes that often rely on fragmented banking relationships, manual reconciliation and limited visibility into fund movements.
Loss fund management has remained a persistent challenge across the insurance sector, with insurers often maintaining multiple accounts and complex funding arrangements that can create inefficiencies, reduce transparency and delay access to capital. The PwC-Vitesse proposition seeks to address these issues through greater automation, improved controls and enhanced oversight of funds.
A key focus of the initiative is helping insurers identify and recover funds more efficiently. Traditional loss fund structures can make it difficult to track dormant balances and optimise working capital, particularly when funds are spread across multiple accounts and jurisdictions.
Vitesse’s digital payment infrastructure is designed to provide a more proactive approach to treasury management, enabling insurers to identify, transfer and deploy funds more effectively.
“Digital payment solutions are enabling a shift from reactive to proactive fund management — helping insurers identify and recover lost funds faster than ever before.”
Security and trust also remain central to the proposition. Through relationships with tier-one banking partners, Vitesse aims to provide insurers with enhanced safeguards around fund management while reducing exposure to fraud and operational risk. Access to established banking infrastructure can also support stronger liquidity management and funding capabilities.
The partnership also targets cost efficiency at a time when insurers continue to face pressure to reduce operational expenses. Legacy banking processes, foreign exchange costs and manual transaction workflows can create significant financial and administrative burdens for insurers operating across multiple markets.
By digitising payment flows and treasury operations, the collaboration seeks to streamline transactions, reduce costs and improve the management of interest accrual on held balances.
Another major challenge for insurers has been the lack of real-time visibility over fund positions. Many organisations continue to rely on systems that provide limited transparency into fund movements, making it difficult to monitor balances, manage liquidity and coordinate effectively with delegated claims authorities and brokers.
Vitesse’s digital banking platform is designed to provide a more comprehensive view of fund flows, giving insurers, delegated claims authorities (DCAs) and intermediaries greater control over how funds are managed and deployed.
“The ability to view fund movements more clearly can help simplify decision-making and strengthen collaboration among stakeholders.”
Improving reconciliation processes is another key objective. Traditional fund management often involves multiple systems, manual reporting and time-consuming reconciliation activities that can delay financial reporting and increase operational complexity.
By reducing reliance on manual processes and providing more accurate transaction data, the joint proposition aims to help insurers streamline reporting requirements and improve financial accuracy.
Beyond operational improvements, PwC and Vitesse argue that fund management is increasingly becoming a strategic differentiator rather than simply a back-office function. As insurers continue to evolve delegated authority models and seek greater efficiency across their value chains, enhanced visibility, control and automation can contribute to stronger operational resilience and improved business performance.
“By improving visibility, control, and efficiency, insurers can work toward turning fund management into a source of operational resilience and competitive advantage.”
The collaboration reflects a broader industry trend toward the digital transformation of treasury and payment operations. As insurers look to modernise legacy processes and strengthen governance around delegated authority arrangements, demand for real-time fund visibility and automated financial controls continues to grow.
PwC and Vitesse said they are continuing to work with insurers and delegated authority market participants that are evaluating how digital treasury solutions can support broader transformation initiatives, improve operational efficiency and deliver greater control over insurance fund management.
