The latest expansion news from SSP UK & Ireland for you;
In a move intended to strengthen its commercial product distribution and e-trading capabilities, SSP UK and Ireland, the insurance software provider, has acquired IS2, a leading provider of Commercial Lines policy administration and product distribution technology to insurers, insurtechs, MGAs and scheme brokers. The size of the deal has not been disclosed.
Formed in 1996 and named one of the Global InsurTech100 in 2025 and 2026, IS2 works with insurance providers that are looking to create or grow their existing digital channels, increase and protect distribution, offer strategic partners a platform to trade and benefit from automating costly administration.
As pioneers at the outset of digital trading, IS2 has been helping implement automation supported by Atlas, its API-first policy administration platform, which can be embedded, direct or through partners, affiliates and agents, retail and/or wholesale. It includes a comprehensive back office, an underwriting portal, accounting and full lifecycle self-service.
IS2 also provides RAPID, an API-first distribution capability that enables insurance providers to distribute scheme products through any channel, including brokers, MGAs, software houses, insurtechs, digital banks, affinities, embedded partners and other non-traditional insurance markets. By applying channel-specific rules, such as discounts or rating adjustments, RAPID removes the need to create multiple versions of the same product. This provides a faster, more flexible route to market, particularly in commercial and niche lines.
Martyn Mathews, (above) MD of SSP UK and Ireland says: “This acquisition is an important step forward for SSP UK and Ireland. IS2 extends our capabilities into product distribution and strengthens our position in the insurance software market through its advanced e-trading technology. It places us at the heart of commercial product distribution, working directly with the insurers, MGAs and scheme brokers who own and distribute these products.
“Our first major acquisition since becoming a standalone business demonstrates our ambition to grow—and it will not be our last. We are actively exploring further opportunities to expand our market presence, with continued investment in technology supporting a strong foundation for long-term growth.”
Nathan Partington, Portfolio Manager at Vencora, the parent company of SSP Ltd, says: “IS2 is exactly the kind of business we look to bring into the Vencora family: a specialist with deep domain expertise, a loyal customer base and a proven platform. Combining IS2’s commercial e-trading and product distribution capabilities with SSP UK and Ireland’s reach across brokers and MGAs creates a stronger proposition for customers in both businesses. As long-term owners, our focus is on giving IS2 a permanent home and the backing to keep investing in its platform and its people.”
Simon Pritchard, (above) Founder and MD of IS2 says: “For almost 30 years, IS2 has been at the forefront of insurance technology, helping our clients innovate, grow and stay ahead. Joining SSP UK and Ireland provides the scale and resources to do that on a much bigger stage.
“SSP UK and Ireland’s reach across brokers and insurers, and Vencora’s commitment to being long-term owners of specialist businesses, make them the right fit for our team and our customers. Customers will see the same team and the same service, and the IS2 team continues its growth journey as part of a business with real ambition. It’s an exciting next chapter for us.”
IS2 will retain its own brand and continue to operate under the leadership of Simon Pritchard, along with its existing management team.
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