News

Pet Tracker Insurance

Tractive, Covéa, and Ignite have combined to create a market first pet tracker + insurance policy.

Tractive has 1 million subscribers globally for it’s pet wearables products. Now UK customers will be able to buy an insurance policy alongside their device, underwritten by Covéa.

Ian Bubb, IT Director & Head of Specialty Lines at Covéa: “When Tractive came to us with this proposition we knew it was something we had to get behind. This product will do well in the short-term and provide fascinating learnings for the future too”

All policies will be transacted through the Ignite Broker policy admin system, with end customers able to buy, MTA, and renew in their Tractive portal

Read Insurance Times coverage here

SSP replacement for Quotax

Specialist Motor & Commercial broker Quotax chooses Ignite Policy Admin System to power future growth

Ignite has partnered with Specialist Motor & Commercial insurance broker Quotax Insurance Services (Quotax) to become its new broking system provider.

Replacing the broker’s legacy SSP system, the Ignite Broker platform will significantly enhance operational efficiency at Quotax and provide it, for the first time, with powerful digital capabilities. The move is backed by IHP integrations with insurers Markerstudy and ERS, and will see over 10,000 policyholders migrate to the new system.

Quotax’s customers will benefit from a customer-centric online experience, complemented by Quotax’s industry-leading call centre expertise in the market.

Paul Fosker, Director of Quotax, said: “For Quotax, our customers have always been our top priority. This investment in operational efficiency and improving our customer experience is very much part of our company vision. We’re a complex operation in many ways but Ignite has make changes to what they offer out the box so that we were able to focus on the specifics that were important to us and which make Quotax uniquely successful.”

Toby MacLachlan, CEO at Ignite said: “Quotax have the values of a traditional broker, with the drive and ambition for innovation to offer their clients the best advice and flexibility with options. It has been a real pleasure to work with them and their insurers on this project – they have embraced our agile methodology, and as such we’ve jointly cleared any hurdle that has come up.”

Ignite launches accelerator programme to drive innovation in insurance broking

Press Release – Ignite Insurance Systems (Ignite), a market-leading policy administration software house, is excited to announce the launch of Ignition, an accelerator programme that will support start-up insurance brokers to launch and grow their own successful businesses.

Through Ignition, Ignite will co-fund new-start brokerages that have some backing outside of the programme, providing innovative administration software solutions tailored to their specific needs and unique business propositions.

The accelerator programme will also offer support in all other key aspects of launching and growing a brokerage, including: accessing capacity and distribution channels, regulation and compliance, marketing support, and more.

Matching Ignite’s internal recruitment strategy, Ignition is targeting a 50/50 split of female/male founders through promotion of the accelerator through women in insurance networks and no requirement to apply beyond some commercial experience. 

Jess Burton, Head of Operations at Ignite Systems, said:

“We’re excited to be launching Ignition, a programme that will jump-start innovation across the broker market, and help entrepreneurial men and women with fresh ideas forge their own path.

Increasing consolidation of brokerages is on the verge of stifling creativity and can lose sight of the end-goal: a personalised, digital-first service offering customers easy access to relevant, high-value products.

We’d love to hear from experienced insurance professionals that have a business idea or have already launched their brokerage.”

For more information on Ignition and to apply, head to: https://ignite.systems/ignition/

Press Coverage:

https://www.insurancetimes.co.uk/news-analysis/ignites-in-house-accelerator-for-startup-brokers-set-to-address-gender-gap/1443447.article

https://www.insuranceage.co.uk/insight/7952255/ignite-launches-start-up-broker-accelerator-with-gender-balance-target

Ignite chosen to power growth of specialist classic car brokerage Hagerty

Press Release – Ignite Insurance Systems (Ignite), the fast-growing insurance software house, has been appointed by Hagerty Insurance Services (Hagerty), a leading UK classic car insurance broker, as its new broking system provider.

Ignite Broker – Ignite’s cloud-based policy administration platform – will handle the entirety of Hagerty’s book of classic car business. The move is part of the broker’s 5-year digital transformation strategy to support its strategic growth objectives. 

Replacing the broker’s legacy OpenGI system, Ignite Broker will drive significant operational efficiency improvements and provide Hagerty with the capability to link into market-leading CRM software, data enrichment, and a customer front-end experience. The system is fully enabled for Hagerty’s core multi-car business, including cars, bikes and specialist vehicles, and supported by insurers Markel and Aviva. 

Toby MacLachlan, Managing Director of Ignite said: “Hagerty is one of the most forward-thinking brokers we have met. They’ve got a clear and bold idea of their future strategy, and we’re delighted that they have selected Ignite to join them on this journey. The multi-vehicle customer experience has been a great challenge to work on and really satisfying to see live today. Most of all I’d like to highlight the Hagerty team’s thoroughness in scoping, collaboration and testing all of which have made this project a huge success.”

Mark Roper of Hagerty, said: “At Hagerty, we believe in providing exceptional service across all channels. We have ambitious plans, which require a software partner that aligns with our vision and aspirations. After an extensive market review the Ignite system was the only one that would fully support our continuous innovation strategy, whilst enhancing our customer service focus and back-office efficiencies.”