Ignite logo

Ignite

by Verisk Specialty Business Solutions
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ActiveAvailable globallyCloud
Quick facts
VendorVerisk Specialty Business Solutions
Year launchedN/A
StatusActive
Location22 Bishopsgate London EC2N 4BQ United Kingdom
Countries servedGlobal
Languages1
IntegrationsN/A
Free tierNO
Free trialNO
Contact salesYES

About Ignite

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 This approach allows all clients to receive simultaneous upgrades and improvements without running outdated versions of the software.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.

Pros & Cons

Pros
  • Cloud-native architecture enables easy deployment without maintaining local servers.
  • Unified platform combines quoting, policy admin, billing, and automation tools in one system.
  • Frequent automatic updates ensure clients always use the latest platform version.
  • Strong automation tools reduce manual administrative tasks for insurance brokers.
  • Highly configurable platform allows insurers to build specialized insurance products quickly.
Cons
  • Implementation may require configuration expertise due to insurance-specific complexity.
  • Platform focus on brokers and MGAs may not fully address needs of large enterprise insurers.
  • Customization for niche insurance lines may increase onboarding time for new users.
  • Learning curve may exist for teams transitioning from legacy insurance systems.
  • Smaller ecosystem compared to larger global insurance core systems.

Features

Key features

Policy Administration

Manages the entire lifecycle of insurance policies from issuance to renewal.

Quote and Buy Online

Enables digital customer journeys for insurance quotation and policy purchase.

Rating Engine

Calculates insurance premiums based on configurable risk and rating rules.

Cloud-Based Platform

Fully SaaS infrastructure enabling remote access without local servers.

Customer Self-Service

Allows policyholders to manage policies and documents online.

Automation Workflows

Automates routine insurance processes such as renewals and cancellations.

Integrated Accounting

Supports payment processing and financial management for insurance policies.

Additional features

Prospect Capture

Captures and manages potential customer leads for insurance products.

New Business Processing

Facilitates onboarding of new insurance policies and customers.

Policy Amendments

Supports mid-term adjustments (MTAs) for existing policies.

Policy Renewals

Automates renewal workflows and customer notifications.

Policy Cancellations

Manages cancellation processes and documentation.

Rating Engine

Calculates premiums using configurable risk algorithms.

Document Production

Generates insurance documentation such as policy certificates.

Online Quote and Buy

Allows customers to purchase policies digitally.

Payment Processing

Handles premium payments within the platform.

Integrated Accounts

Supports financial tracking and reconciliation.

Reporting Tools

Generates business intelligence and operational reports.

Permission-Based Access

Controls system access based on user roles.

Data Enrichment Integrations

Enhances underwriting data through third-party services.

Multi-Site Support

Allows multiple insurance operations to run within one system.

API Integrations

Connects with insurers, aggregators, and external services.

Pricing

Free trial
Free version
Request a quote
Promo Offer

Countries & Languages

Global
Countries served
1
Interface languages
11
Billing currencies

Interface languages

English

Billing currencies

🇺🇸USD🇪🇺EUR🇬🇧GBP🇯🇵JPY🇦🇺AUD🇨🇦CAD🇨🇭CHF🇸🇪SEK🇳🇴NOK🇩🇰DKK🇳🇿NZD

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