Ignite is a cloud-based insurance policy administration system developed by Verisk Specialty Business Solutions to support brokers, insurers, and managing general agents (MGAs).
Ignite is a cloud-based insurance policy administration system developed by Verisk Specialty Business Solutions to support brokers, insurers, and managing general agents (MGAs). The platform provides a complete end-to-end environment for insurance operations, combining front-office digital sales tools with back-office policy administration capabilities. Its architecture is designed to help insurance businesses manage the full lifecycle of policies—from online quotation and purchasing to renewals, cancellations, and reporting. One of Ignite’s distinguishing characteristics is its cloud-native SaaS architecture and shared codebase. This approach allows all clients to receive simultaneous upgrades and improvements without running outdated versions of the software. The platform also integrates automation features, rating engines, document generation, payment processing, and customer self-service portals. These capabilities help brokers and insurers streamline workflows and support digital insurance distribution models. Ignite is particularly popular among specialist brokers handling niche insurance products such as motor, property, and pet insurance. Its flexible configuration and integration capabilities allow companies to launch new insurance products quickly and manage multi-site operations from a single platform.
Manages the entire lifecycle of insurance policies from issuance to renewal.
Enables digital customer journeys for insurance quotation and policy purchase.
Calculates insurance premiums based on configurable risk and rating rules.
Fully SaaS infrastructure enabling remote access without local servers.
Allows policyholders to manage policies and documents online.
Automates routine insurance processes such as renewals and cancellations.
Supports payment processing and financial management for insurance policies.
Captures and manages potential customer leads for insurance products.
Facilitates onboarding of new insurance policies and customers.
Supports mid-term adjustments (MTAs) for existing policies.
Automates renewal workflows and customer notifications.
Manages cancellation processes and documentation.
Calculates premiums using configurable risk algorithms.
Generates insurance documentation such as policy certificates.
Allows customers to purchase policies digitally.
Handles premium payments within the platform.
Supports financial tracking and reconciliation.
Generates business intelligence and operational reports.
Controls system access based on user roles.
Enhances underwriting data through third-party services.
Allows multiple insurance operations to run within one system.
Connects with insurers, aggregators, and external services.
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Ignite is a cloud-based insurance policy administration system developed by Verisk Specialty Business Solutions to support brokers, insurers, and managing general agents (MGAs).
Does Ignite have an in-app market place?
Yes
How many Mini-Apps in the marketplace?
0
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