IS2 Ltd

What IS2 Ltd does

IS2 Ltd is a Birmingham-headquartered insurance technology company founded in 1996 that provides the Atlas platform — a multi-award-winning, AI-ready, cloud-native, API-first SaaS solution for policy administration and multi-channel distribution. The platform serves insurers, brokers, Managing General Agents (MGAs), and insurtechs, with named customers including Markel, Hiscox, Atec Group/Ceta Insurance, Faversham Underwriting, Arthur J. Gallagher, Caunce O'Hara, Brownhill Insurance Group, and ClozeSure. IS2 has operated continuously for nearly 30 years and is privately held, debt-free, and profitable, having grown entirely through organic reinvestment without external funding.

The Atlas platform is built on containerised, microservices-based cloud infrastructure with an API-first architecture that exposes every workflow, data point, and policy event through documented APIs. Core capabilities include multi-channel distribution (retail, wholesale, direct-to-consumer, partner, affiliate, agent, software house, and embedded) from a single product configuration; API-enabled hosted pricing for commercial lines schemes; underwriting automation; a sophisticated back-office and underwriting portal; and the recently launched RAPID module for rapid API-based distribution. The company supplements Atlas with ClozeSure, an adjacent property sale guarantee product, and integrates with partners including Percayso Inform (data enrichment) and DocuSign (digital bind).

IS2 monetises through enterprise SaaS subscriptions, professional services for implementation and configuration, and API access/licensing for distribution partners. Go-to-market combines direct enterprise field sales targeting insurers and MGAs with API-driven channel distribution enabled by RAPID. Long-term contracts (5-year terms with Markel and Atec Group) anchor recurring revenue. The company has reported 30%+ compound annual revenue growth since 2021 with revenues more than tripling over the period, 36% growth in 2025, and 40% growth in H1 2025, supported by ongoing R&D reinvestment and senior commercial hires from Applied Systems Europe.

Name

IS2 Ltd

Legal name

IS2 Ltd

Website

https://is2.co.uk

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

11–50 employees

Short description

IS2 Ltd provides the Atlas platform, an AI-ready, cloud-native, API-first SaaS solution for policy administration and multi-channel distribution, serving insurers, brokers, MGAs, and insurtechs across the UK commercial lines market.

Ownership category

akta.pro rank

Product category

Insurance Technology Software

NAICS

Software Publishers (5132), Agencies, Brokerages, and Other Insurance Related Activities (5242), Other Insurance Related Activities (52429)

SIC

Services-Prepackaged Software (7372), Services-Computer Programming, Data Processing, Etc. (7370), Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Policy Administration, Underwriting & Rating Platforms (Core Insurance SaaS) (FSAGAGAB)

akta.pro secondary industry

Insurance Program Administration & MGA/MGU Services (FSAEADAK)

Keywords

• Insurance technology software
• Policy administration platform
• MGA underwriting software
• Insurance distribution software
• Insurtech SaaS

Headquarters

HQ city

Birmingham

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. SaaS Platform Subscription: IS2 operates on a SaaS subscription model providing access to its Atlas platform for policy administration and distribution. Revenue is generated through platform licensing fees, hosting, maintenance, and ongoing support services. Long-term contracts with major insurers (Markel 5-year renewal) indicate recurring subscription revenue with multi-year commitments.
2. Professional Services: Implementation, configuration, and consultancy services for platform deployment. The company provides guidance and best practice advice based on track record of successful implementations, along with support for acquiring new distribution partners.
3. API Access and Integration: Revenue generated through API access capabilities enabling partners to integrate and distribute insurance products. The RAPID platform enables distribution-ready products with full-cycle digital customer journeys.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels4 records

Core offering

IS2 sells the Atlas platform, a cloud-native, API-first SaaS system for insurance policy administration and multi-channel distribution, targeted at insurers, brokers, MGAs and insurtechs. The platform delivers full lifecycle self-service sales and administration, underwriting automation, real-time hosted pricing, and API-enabled distribution across retail, wholesale, direct, partner, affiliate, agent and software-house channels from a single product configuration. IS2 also offers RAPID (Rapid API Distribution) for rapid API-based deployment of insurance products to software houses and embedded partners, plus implementation, configuration and consultancy services.

Product overview

IS2 Ltd provides digital trading and distribution solutions exclusively within the insurance industry. The core offering centers on the Atlas platform, an AI-ready, cloud-native, API-first policy administration and distribution SaaS platform for Insurers, Brokers, MGAs, and insurtechs. The Atlas platform is supported by RAPID (Rapid API Distribution) for rapid multi-channel API deployment, and specialized modules including multi-channel distribution, API-enabled hosted pricing, underwriting portal, and back-office functionality. Recent additions include ClozeSure, a property sale guarantee solution powered by Atlas. The company has been delivering insurance technology solutions since 1996, combining three decades of insurance experience with modern, continuously reinvested technology.

Differentiator

Problem solved

Functional benefit

Brands

• Atlas: AI-ready, cloud-native, insurance distribution and administration platform providing multi-channel API-enabled distribution for Insurers, Brokers, MGAs and insurtechs.
• RAPID

Products and services

• Atlas Platform AI-ready, cloud-native, SaaS policy administration and distribution platform for Insurers, Brokers, MGAs and insurtechs. Provides end-to-end lifecycle sales and administration, underwriting automation, real-time hosted pricing, and multi-channel API-enabled distribution from a single product configuration.
• RAPID (Rapid API Distribution) API-first distribution platform enabling insurers to deliver distribution-ready products while retaining control and giving MGAs the ability to scale across multiple channels faster and more affordably via software houses, embedded partners, affinity and digital platforms.
• ClozeSure UK residential property sale guarantee product guaranteeing sellers 100% of the agreed sale price if the buyer fails to complete between exchange and completion, built on IS2's Atlas platform with DocuSign API integration for digital bind.

Quantifiable outcome

• 36% income growth in 2025; over 30% compound annual revenue growth since 2021; revenues more than tripling over the period
• +3 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability3 records

Feature5 records

Partnerships

One partnership is on record.

• Percayso InformcoreTechnology or Integration · 17 May 2023Insurance intelligence partnership providing IS2's clients access to Percayso's data and intelligence hub. The integration aggregates and adds value to vast datasets for next-generation insurance intelligence services. Percayso's technology provides data enrichment with simple API access at volume, improving risk quality and loss ratios. Clients can refine rules in real-time as market conditions and appetites change.

Scale indicators6 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Guidewire Software: Global insurance platform vendor offering PolicyCenter, BillingCenter and ClaimCenter for P&C insurers. Provides overlapping policy administration capability to enterprise insurers, including in the UK commercial lines market, though with a much broader product portfolio than IS2's Atlas.
• Insurity: Insurance software and analytics provider serving P&C insurers and MGAs with policy administration, billing, claims and analytics solutions. Overlaps with IS2 in commercial lines MGA and scheme administration segments.
• EIS Group: Core insurance platform provider for life, accident and health, and P&C insurers with an API-first, cloud-native architecture similar to IS2's positioning. Targets large insurers and MGAs requiring modern policy administration and digital distribution.
• Majesco: Cloud-native insurance platform software for P&C and L&A insurers, with a strong focus on digital transformation and distribution modernization. Comparable to IS2 in cloud-native, API-first policy administration and multi-channel distribution philosophy.
• Sapiens International: Global provider of insurance software solutions (Policy Administration, Billing, Claims) for P&C and life insurers. Targets commercial insurers and MGAs with platform offerings analogous to Atlas, though at larger scale and broader scope.
• Duck Creek Technologies: US-headquartered SaaS insurance core systems provider (Policy, Billing, Claims) serving P&C insurers globally. Overlaps with IS2's Atlas for policy administration and multi-channel distribution in commercial and specialty lines, with broader geographic reach.

Emerging players

• Zywave: Insurance distribution and sales platform providing digital tools for brokers, agents and MGAs. Adjacent to IS2's multi-channel distribution focus, with complementary (rather than directly overlapping) functionality around marketing, sales enablement and partner engagement.

Direct peers

• Applied Systems: Leading insurance software provider for brokers, MGAs and insurers with a UK presence through Applied Systems Europe. Directly comparable target customer base (UK commercial lines brokers and MGAs) and core functionality (policy administration and distribution). IS2's Commercial Director and Business Development Director previously held senior roles at Applied Systems.
• Open GI: UK-based insurance software provider serving brokers, MGAs and insurers across personal and commercial lines. Cited in IS2's history as an early customer/integration partner, indicating directly comparable target market and overlapping platform capabilities in the UK.
• SSP (Silverlake Strategic Partners): UK insurance software provider offering core insurance platforms for personal and commercial lines insurers and MGAs. Comparable to IS2 in target market, UK commercial lines focus, and policy administration/distribution functionality.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/is2
• Xx.com/is2technology

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about IS2 Ltd