ICE Policy
Flexible and configurable Policy Administration System delivering rapid speed to market
What is ICE Policy?
INNOVATIVE AWARD-WINNING POLICY ADMINSTRATION SYSTEM
ICE Policy allows insurers to manage policies from quote to issue and renewal, across all distribution channels. ICE Policy was awarded the XCelent Advanced Technology 2021 Award, recognising ICE Policy as one of the top Technology Policy solutions in Celent’s PAS EMEA 2021 report. In addition, ICE Policy was selected by 8 new Insurer, MGA & TPA companies in 2020.
Our configurable policy administration system is API driven, data enriched, rating agnostic and is integrated with ICE Billing, our fully accounting ledger solution that automates the billing life cycle.
ICE Policy requires no code configuration and delivers rapid speed to market, self-sufficiency and product ownership, empowering customers to be flexible against adapting market trends.
End to End Policy Management
Follow a policy through its full lifecycle from quote to issue to renewal to claim administration.
Direct & Intermediated
ICE Policy is designed to support direct and intermediated business, with open business APIs for omni-channel support.
Product Build
Multiple scheme and product configurations enabling new schemes or products to be effective in hours, rather than months, and accelerates speed to market.
MTA/ Cancellations/ Renewals
Full policy administration supporting all processes from quote to renewal and user-based authority protocols. Designed for data enrichment and integration.
Integrated Rating
Rating engine agnostic, with ICE Rating or third-party rating engines including our Ecosystem partners Radar Live and Polaris.
Quote & Buy Aggregators
Full aggregator connection into UK Price Comparison websites through our integration partners, including i-Wonder. Designed to scale x ‘000, s quotes per hour.
Underwriting / Overrides / Referrals / Fees
Consistent multi-channel underwriting, configurable fees and rules supporting referral escalation and declines.
Direct Billing / Broker Accounting
Merchant Services, Premium Finance and BACS. ICE Policy offers full broker accounting, statement production and reconciliation.
Proven Migration
Flexible migration approach for big bang, phased or at renewal. Successful migrations all within financial tolerances, reconciled with ICE Analytics.
Want to know more?
Read what our clients say…
“The ICE Policy solution is clearly resonating within the UK market with a significant number of new deals as well as interest from more prospects in the UK. ICE InsureTech is utilising modern practices that will drive user satisfaction and efficiency among its customers.”
ICE lets us develop products rapidly to reach and convert more customers. ICE’s extensive motor experience armed us for the challenge of bringing Ticker to market, and meant our teams were speaking the same language.
At the centre of our proposition is a network of best in class solution providers, and ICE InsureTech are a great fit for this model. They have an established collaborative approach in engaging with insurance innovators.
Mark Dennis, COO of Digital Partners, a Munich Re Company
This innovative partnership is a great opportunity for Insurers to increase their outreach to consumers in a congested online world. We look forward to continuing connecting ICE customers to their chosen aggregators.
