Red Planet Software

Insurance premium finance software for funders and brokers

Specialty Solutions Established Bootstrapped

Overview

Red Planet Software is a provider of insurance premium finance (IPF) software, serving premium financiers, insurance brokers, MGAs, underwriters, and finance companies. Founded in 2002 and headquartered in Sydney, Australia, the company operates globally across Australia, New Zealand, Canada, the United States, the United Kingdom, and Singapore, managing approximately GBP 5 billion in intermediated insurance payments annually.

The company's flagship platform, Odyssey, is a cloud-based SaaS system that handles the complete premium finance workflow including quoting, loan administration, payment settlement, compliance management, and regulatory reporting. The platform exposes 100+ APIs for integrations with core insurance systems such as Applied Systems and EBIX, and connects to payment processors including Worldline. Security certifications include SOC 2 Type 2, ISO 27001, PCI DSS, and GDPR compliance.

Red Planet Software serves more than 24 named client organizations and maintains technology partnerships with Microsoft and Applied Systems. The company positions itself as a software vendor for insurance entities -- carriers, brokers, and funders -- that want to operate in-house premium finance offerings without building proprietary systems.

Products & Services

Odyssey IPF Platform

A cloud-based insurance premium finance management system covering the end-to-end financing lifecycle. The platform handles quoting, loan origination, payment scheduling, collections, compliance reporting, and customer support workflows.

Key Features

Automated premium finance quoting and loan origination
Payment settlement and collections management
Regulatory compliance reporting and audit trails
Mobile and tablet compatibility with 24/7 availability

Target Users: Insurance premium funders, brokers operating in-house premium finance programs

Professional Fee Finance Software

Administrative software for organizations managing professional fee financing, extending the company's loan management capabilities beyond the insurance premium finance segment.