Our customer is a global provider of insurance products covering property and casualty, accident and health, reinsurance, and life insurance and the largest publicly traded property and casualty company in the world.
Detailed information about the client cannot be disclosed under the provisions of the NDA.
It can be difficult to manage everything manually given the intricate processes used in the insurance sector. Insurance companies want a system that gives them a centralized view of product and policy data, reduces errors, and speeds up service delivery. Organizations may accomplish all of that and much more with the help of insurance policy management software.
Since customers believe purchasing insurance is a tiresome process, they usually opt for companies offering a more enjoyable experience. Since they submit insurance claims during some of their most stressful moments, they need communication with their insurance carriers to be as easy and convenient as possible.
Due to the fact that most insurance activities are still performed manually, insurance companies are overwhelmed with paperwork. Keeping up with continuously changing rules manually is impractical in terms of cost and time.
Our client has set an ambitious yet achievable goal to digitize insurance and thereby create more robust, transparent and economically efficient interconnected InsurTech products. They were looking for a software development company that could build a user-friendly and quick-loading web application for the insurance sector so that their customers could quickly and easily buy an insurance policy and report an incident.
Our engineering team has delivered a robust policy management web application that handles the entire policy lifecycle. Tailored to meet the current needs of the insurance industry, the app provides a centralized view of policy approval workflow, approvals and reviews, and communication.
Technologies & tools
Innowise Group collaborated with the client’s internal development team to understand every little detail of the future product and paid careful attention to even the smallest nuances. While working remotely as a software development team, our specialists effectively created all required functionality.
We recommended our client to create a web application that is compatible with all devices and web browsers and has an easy-to-use interface. Our software engineers explained that web apps can operate on low-data networks and adjust their responsiveness to the browser or the device, as well as scale the content up or down. Web apps tend to provide better and faster service delivery since there is no need to download the app from any store. It can be quite beneficial for a utility or service provider, such as an insurance company, where accessibility is prioritized.
Our dedicated team also adopted a very scalable perspective so that we could introduce additional insurance products. It allowed us to develop a web app for insurance that can quickly scale and meet future demand.
With our solution, the client was able to significantly reduce costs on managing insurance policies, and improve the productivity of insurance agents by enabling them to process applications faster. It provides an efficient and easy-to-manage admin panel that enables data control and condition updates as needed.
All insurance calculations are made with high accuracy thanks to a complex logic implemented by our team. This step was crucial to build a regulatory-compliant web application.
The solution we’ve delivered is ready for scaling by adding new features in the future.
- 2020 - Ongoing
- The project is still ongoing, at this stage we support the app and implement new functionality
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What happens next?
Having received and processed your request, we will get back to you shortly to detail your project needs and sign an NDA to ensure the confidentiality of information.
After examining requirements, our analysts and developers devise a project proposal with the scope of works, team size, time, and cost estimates.
We arrange a meeting with you to discuss the offer and come to an agreement.
We sign a contract and start working on your project as quickly as possible.