A modern, modular insurance technology platform.
Insure Central is Verbosec's insurance technology platform, covering policy administration, claims, billing and underwriting for insurers, brokers and administrators. Verbosec Insure Central also runs pension management alongside the insurance book, on one modular, cloud-native platform.
Why insurers build on Insure Central
End-to-end policy lifecycle
One system from onboarding and quoting through endorsements, renewals and lapses.
Cloud-native architecture
Runs on modern cloud infrastructure built to scale with policy and transaction volume.
Modular by design
Deploy the modules a given business line needs, and add more as operations grow.
AI and automation
Underwriting decisioning, fraud detection and workflow automation built into the platform.
Eight modules, one platform
Insurers, brokers and administrators deploy the modules relevant to their operation, all running on the same underlying platform and data model.
Policy Administration
End-to-end policy administration from onboarding through renewals, configurable to each product line insurers write.
- Policy issuance and endorsements
- Renewals and lapses
- Product configuration
- Document generation
Claims
AI-assisted claims management that speeds up first notification of loss, adjudication and payout alongside existing systems.
- Digital FNOL intake
- Automated triage and routing
- Fraud detection
- Real-time claims tracking
Underwriting
Digitise and automate underwriting decisions with configurable rules and AI-assisted risk scoring.
- Rules-based decisioning
- AI risk scoring
- Bulk data uploads
- Document extraction
Broker and Customer Portals
Self-service portals that give brokers and policyholders real-time visibility into policies, quotes and claims.
- Broker self-service
- Customer self-service
- Real-time quotes
- Document access
Billing and Commission Management
Automated premium billing and commission calculation across broker hierarchies and product lines.
- Premium billing and collections
- Commission calculation
- Broker hierarchies
- Reconciliation
Reinsurance
Manage treaty and facultative reinsurance arrangements alongside primary policy administration.
- Treaty management
- Facultative placements
- Cession and bordereaux reporting
- Reinsurer accounting
Pension Management
Administer pension schemes, member contributions and benefit records on the same platform as the insurance book.
- Member records and contributions
- Fund administration
- Benefit calculations
- Retirement processing
Reporting and Integration
Business intelligence and integration APIs that connect Insure Central to the rest of the technology estate.
- Regulatory reporting
- Business intelligence dashboards
- Workflow automation
- Integration APIs
What running on Insure Central typically looks like
40%
Faster policy issuance
Typical reduction in time from quote to bound policy after moving onto Insure Central.
3x
Faster claims triage
Digital FNOL intake and automated routing cut manual handling at first notification of loss.
60%
Fewer manual underwriting touches
Rules-based decisioning and AI risk scoring clear the majority of standard-risk submissions automatically.
One less system to manage
Faster time to market
Configure and launch new products and riders without a systems replacement project.
Audit-ready compliance
Reporting and controls built to hold up under regulatory and audit scrutiny.
Lower operating cost
Automation across underwriting, claims and billing reduces manual processing overhead.
Flexible deployment
Cloud, hybrid or on-premises, deployed to fit an insurer's existing infrastructure commitments.
Insure Central was built directly out of insurer operations
Insurers are under pressure to digitise policy administration, claims and underwriting without disrupting regulated operations. Verbosec's Insure Central platform was built directly out of this problem space.