ISMIS logo

ISMIS

by Cover.Net Limited
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Active4+ countriesCloud
Quick facts
VendorCover.Net Limited
Year launchedN/A
StatusActive
LocationSandel Village Centre Coleraine United Kingdom BT52 1WW
Countries served4+
Languages8
IntegrationsN/A
Free tierNO
Free trialNO
Contact salesYES

About ISMIS

ISMIS is a web-based insurance management platform developed by Cover.Net Limited for Managing General Agents (MGAs), insurers, and brokers.

ISMIS is a web-based insurance management platform developed by Cover.Net Limited for Managing General Agents (MGAs), insurers, and brokers. The system is designed to support the full lifecycle of insurance products, from quotation and underwriting to policy administration, claims handling, and reporting. Its architecture focuses on scalability and flexibility, allowing insurers to rapidly launch new insurance products and distribute them through broker networks, aggregators, or direct-to-consumer channels. The platform provides a comprehensive set of modules including sales, policy administration, pricing, accounts reconciliation, claims management, compliance tracking, document management, workflow automation, and business intelligence reporting. These integrated capabilities enable insurers and MGAs to manage complex underwriting processes and maintain regulatory compliance while improving operational efficiency. ISMIS also integrates with external data enrichment services, regulatory reporting systems, and third-party rating engines through APIs. This connectivity allows insurers to enhance risk analysis, automate policy processing, and access real-time operational insights. Overall, ISMIS serves as a robust enterprise insurance platform aimed at organizations seeking to digitize and streamline their insurance distribution and administration processes.

Pros & Cons

Pros
  • Connects insurers and brokers through centralized policy administration workflows.
  • Provides real-time underwriting and pricing tools to improve risk assessment accuracy.
  • Supports multi-channel distribution including brokers, APIs, and comparison platforms.
  • Includes built-in analytics dashboards for monitoring performance and underwriting data.
  • Automates financial reconciliation between insurers and brokers to reduce manual work.
Cons
  • Implementation may require technical configuration for complex underwriting rules.
  • Primarily designed for MGAs and insurers which may limit use by smaller brokers.
  • User interface can appear complex due to the large number of operational modules.
  • Customization for unique insurance products may require vendor involvement.
  • Some reporting functions may require configuration to match internal KPIs.

Features

Key features

Sales management

Provides quoting, transaction processing, and policy document generation for new business and renewals.

Policy administration

Offers real-time management of policies including adjustments, cancellations, and renewals.

Pricing engine

Supports insurer-hosted pricing and integration with external risk rating tools.

Claims management

Enables full claims lifecycle handling from notification to settlement.

Business intelligence

Provides reporting and analytics for underwriting performance and portfolio analysis.

Workflow automation

Automates tasks, referrals, and operational processes for brokers and insurers.

Compliance management

Ensures regulatory reporting and permission-based access control for audit readiness.

Additional features

Sales

Provides full point-of-sale functionality for quotes, transactions, and policy documentation generation.

Policy Administration

Allows complete lifecycle management of insurance policies in real time.

Pricing

Enables insurers to configure underwriting rules and pricing strategies through flexible rating engines.

Accounts

Supports reconciliation and management of financial transactions between brokers and insurers.

Claims

Provides claims lifecycle management from first notification of loss to claim resolution.

Compliance

Includes role-based access control and audit tracking to ensure regulatory compliance.

Enrichment and Integration

Connects to external data providers and systems through APIs and batch integrations.

360 Business Intelligence

Delivers reporting dashboards and analytics for operational and portfolio insights.

Document Management

Generates and stores policy documentation with version control.

Workflow

Automates task management and referral processes between brokers, insurers, and underwriters.

Pricing

Free trial
Free version
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Countries & Languages

4
Countries served
8
Interface languages
15
Billing currencies

Available in

United KingdomIrelandEuropeUnited States

Interface languages

EnglishSpanishFrenchGermanItalianPortugueseDutchJapanese

Billing currencies

🇺🇸USD🇪🇺EUR🇬🇧GBP🇦🇺AUD🇨🇦CAD🇯🇵JPY🇨🇳CNY🇮🇳INR🇷🇺RUB🇧🇷BRL🇲🇽MXN🇸🇬SGD🇦🇪AED🇸🇦SAR🇿🇦ZAR

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