Ticker selects ICE InsureTech’s Policy Administration System
ICE InsureTech, part of the Acturis Group, announces that Ticker, the new telematics insurer, has selected ICE Policy as its chosen Policy Administration System.
Both teams have been working closely on implementation for several months, ready for Ticker’s launch in early 2019. The insurer has chosen ICE Policy for its entirely configurable interface, allowing Ticker to build products rapidly in a scalable and secure environment and deploy their own customer journey through the ICE Open Business API.
The partnership has also brought ICE InsureTech together with Willis Towers Watson to integrate with Radar Live, Ticker’s chosen pricing engine.
Andrew Passfield, CEOat ICE InsureTech said: “We’re excited to be working with Ticker, not only because of their new approach to telematics and MGA arrangement with Munich Re’s Digital Partners, but also the impressive team assembled by founder Richard King.
“We also have a great team at ICE, with an abundance of Insurance expertise and a great track record for rapid implementation. We’re looking forward to putting these skills to work as we support Ticker with their aggressive growth plans.”
Richard King, CEO at Ticker added: “We’re entering a competitive market, so agility is key. ICE is sophisticated yet flexible, letting us make changes in minutes with no limit to what we want to do. This will let us develop products rapidly to reach and convert more customers and see a strong return on investment.
“ICE’s extensive motor experience and ready-made interfaces have armed us for the challenge of bringing Ticker to market, and meant our teams were speaking the same language from day one.”
The announcement of the partnership with Ticker follows a number of major wins for ICE InsureTech since its acquisition by Acturis Group in November 2017.
About ICE InsureTech
ICE InsureTech, part of the Acturis Group, is a market leading specialist software provider to insurers, MGAs, claims administrators and accident management companies.The ICE products are enterprise-grade, cloud native, modular software solutions for the management and processing of insurance claims, policies, billing and rating, with integrated analytics – comprising ICE Claims, ICE Policy, ICE Billing, ICE Rating, ICE Analytics and ICE Digital.It is a complete end to end solution that is implemented in very short timescales – delivering immediate benefits to your business.The ICE solution is fully IoT enabled, covering all lines of business, including connected car/telematics and connected property, across both personal and commercial insurance.
For more information, please visit www.iceinsuretech.comFollow us on twitter @ICEInsureTech
About Ticker
Ticker is a new telematics insurer due to launch in early 2019. Founded by the insurance innovator Richard King, the business is chaired by Steve Broughton and boasts a stellar cast of executives, non-executive directors and investors, including Gary Lineker and Theo Paphitis. Ticker has an MGA arrangement with Munich Re’s Digital Partners, and Munich Re / HSB Ventures has also invested in the business.
Follow Ticker on Twitter @TickerInsurance.