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Insurance Software Solutions Development

Eliminate legacy software, automate manual operations, reduce human errors, improve customers’ experience and as a result get more clients, reduced costs on operations and increased revenue. We help Insurance companies enhance their business and go digital!

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Insurance industry is changing at a fast pace due to customers’ demands, new technology opportunities, enhanced connectivity and interoperability, increased digitization and usage of wearables. Additionally, Insurtechs are disrupting the insurance industry by refining the digital mode of all kinds of operations.

Innovations and technologies adoption gives lower operational costs, brings new customers faster and boosts clients’ flow. Growing competition in this field drives insurance agencies to custom software development companies that put them on track again, help the business grow and generate impressive revenue.

Insurance Software Solutions We Develop

Claims Management Software

Build a custom claims management system that will suit your business needs and meet ACORD insurance standards: manage the entire claims lifecycle, including data collection and database building, authentication, carrier submission, etc. We can implement any integrations and specific features you need.

  • Reduce fraudulent claims
  • Improve claims processing efficiency
  • Cut claims management cost
  • Better customer experience
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Policy Management System

Develop a policy management system with multitasking flows. The system will ensure all the coverages are timely renewed. All necessary features as accurate quoting, creating policies, binding, etc. will be added according to the client’s needs. Automated process of managing insurance contracts increases efficiency and decreases the cost of processing.

  • Simplify policy administration
  • Enhance efficiency with automating policy management
  • Empower your system with better compliance
  • Improve cost-effectiveness

Underwriting or Quoting Software

Create a custom software with numerous underwriting algorithms for high-quality risk assessment based on your requirements. The custom-made quoting software is easily integrated with ISO or others according to the insurers’ needs and specific policy types to make the underwriting process as simple as possible.

  • Better tracking and improve workflow
  • Use underwriting resources effectively
  • Enhance visibility and service
  • Increase consistent decisions
  • Reduce paper work

Risk Management Software (RMS)

Get tailored to the specific business needs ERM software that tracks key risk indicators for insurance agencies. We can build a risk management software with an automated real-time monitoring and data analysis with automated alerting for rapid decision-making. Any features could be added based on the business operations - build-in custom risk libraries, multiple criteria templates, mitigation protocols, etc.

  • Identify and classify risks
  • Take actions to minimize risks
  • Get automated risk reports
  • Save time and money

Fraud Analysis Software

Detecting and preventing fraud is a real challenge and very often a problem for insurers. Build your own fraud analysis software for detecting, preventing and managing claims fraud. With the latest technologies applied we’ll improve insurance fraud detection and investigation. Don’t pay for fraudulent claims.

  • Monitor every transaction and claim
  • Get alerts for the claims that need further investigation
  • Stop complex fraud schemes with AI & ML
  • Screen and score vendors to ensure compliance
  • Reduce the losses and exposure

Omnichannel CRM for Agents & Brokers

An omnichannel CRM helps insurance businesses organize prospects, track opportunities, and automate activities, so agents and brokers can focus on improving customer experience. Itexus team can develop a custom CRM from scratch or customize the one you use. Any features could be implemented:

  • Optimized workflow
  • Smart alerts & chat
  • Events tracking
  • AI assistant
  • Claim auto-tracking
  • Task delegation
  • Process automation

One-stop Support App for Policyholders

Let your support team can get any critical information and deliver high-quality service quickly and easily. Increase customer engagement and loyalty by allowing policyholders to reach you through a one-stop customer support app retaining the interaction across different channels.

  • Video chat
  • Text chatbot
  • Context driven communication tools
  • Alert analytics
  • Emergency tools
  • Push notifications
  • News feed

Billing & Payments Solutions for Insurance

Simplify payment processing with billing & payment services integrated into the Insurance ecosystem. Win the customers’ loyalty, reduce reliance on paper and checks, save money along the way. We can build the billing and payment solutions from scratch based on your company’s specifics or our team can integrate and customize an off-the-shelf solution.

  • Prepare customized and branded bills
  • Present printed and digital bills to policyholders
  • Give policyholders the choice to pay in different ways
  • Reduce regulatory compliance and security risk

Document Management Software (DMS)

Unify document management with Itexus software development team. We can customize document capture software and policy forms and connect it to cloud-based DMS (Document Management Systems). With custom logic in multiple search capabilities it will be easy to manage the databases of policyholders, contracts, policies, licenses, etc.

  • Streamline insurance paperwork processes
  • Improve insurance regulatory compliance
  • Enhance documentation security
  • Enable remote working
  • Distribute workforce enablement

Insurance Marketplaces & Aggregators

Build a digital Insurance marketplace that connects insurance brokers, insurance companies and the end customers. One of the well-known types is Health insurance marketplace where people without health insurance can purchase one that complies with the Affordable Care Act (ACA, US). Itexus develops custom Insurance marketplaces for global and local markets.

  • Advanced filtering options
  • Comparison of the chosen insurers
  • Built-in online payments
  • AI-based recommendation engine
  • Online consultations
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P2P Insurance Solutions

Develop P2P Insurance platforms where a group of individuals pool their resources together to insure against a risk. P2P insurance model is a transparent, high-tech and low-cost alternative to traditional insurance. Customers believe it’s a huge disruptor to the traditional insurance industry.

  • Speed up the quoting process
  • Make the covering process transparent
  • Ease the claims management
  • Take advantage of all-digitized processes

Need a Reliable Technology Partner with Expertise in Insurance & Finance?

Drop us a line to discuss your business goals and we’ll contact you back with solution ideas.

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Insurance Software Development Services We Offer

Consulting on digitization & insurance automation

Prototyping or MVP to validate the idea

Insurance software development from scratch

Legacy systems modernization & data migration

Customization and enhancement of the existing insurance platform

Integration with third-party software

Go-mobile consulting & app development

Better your Business with Itexus

Go Digital

  • Attract more customers
  • Get new sources of data and analytic tools
  • Streamline the sales process
  • Engage with policyholders more often
  • Modernize insurer operations

Automate operations

  • Accelerate underwriting process
  • Speed up customer service
  • Cut operational costs
  • Benefit from robo advisory capabilities
  • Manage data easily

Go Mobile

  • Allow customers to start/pause/stop coverage on their mobile apps
  • Provide pay-as-you-go insurance
  • Enhance customer experience
  • Unleash the power of connectivity & wearables
  • Multiply upselling and cross-selling deals

Move to Cloud

  • Easily operate and access great amount of data
  • Stay secure
  • Scale your business
  • Reduce operating and capital investment costs
  • Increase agility

Clients’ Testimonials & Awards

They’re a great group of developers who really understand the reality of business.

Andreea Vanacker CEO SPARKX5

Itexus excelled at both experimental AI and sprint-oriented UI/UX tasks. Itexus did strong project management work, too, a necessity in such a complicated project.

Jesse Dubin Senior Product Manager
Standard&Poors

The assigned team was easy to work with and they are especially strong collaborators and communicators. They demonstrated flexibility, professionalism, and trust in everything they did, and completed the work on time and budget.

Sue Wollan Fan CEO Mango Connects

Itexus’ work positions the business well for an imminent launch. They excel at managing their team, presenting frequent product demos to ensure that the project is aligned with development goals. An affordable price structure coupled with remarkable technical skill makes them an attractive partner.

Phill Osolinski CEO Ryze Rewards

Easy to Start

01

Send your project idea

We’ll contact you shortly for clarifying project details and requirements. We’ll send you an NDA.

02

Get the project estimate and proposal

After the project analysis we’ll send you a proposal. We’re open to negotiation and discussion.

03

Project kick off

We always have engineers for a quick start and a well-established process of launching software projects.

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