All custom solutions are unique, and the time required to develop them depends on many aspects. To give you an estimate, our insurance software development we need to assess the scope of work, analyze your existing software system, and determine the tech stack and team composition.
Want to supercharge your insurance business with top-notch solutions based on big data processing, artificial intelligence, and other game-changing technologies? devspiration is an experienced insurance software development company ready to create reliable, scalable, and secure, insurance solutions and applications for a friction-free claim, client, and business management.
Why insurance companies need to innovate
Adopting new technologies is critical for all insurance providers and businesses that want to attract new clients and provide them with top-quality insurance services. Investing in custom software development helps industry players overcome the challenges of the insurance market, get a competitive edge, and secure long-term value.
Streamlined insurance processes
Custom insurance software solutions enable smooth claims management and provide back offices with the necessary functionality for improving business operations. Adopting robotic process automation can also significantly enhance routine workflow and overall business management. Additionally, the implementation of artificial intelligence (AI) algorithms further refines the claims assessment process, allowing for quicker and more accurate decision-making.
Cost-saving
Reduce operational costs by developing insurance management software that speeds up complex routine tasks, prevents document losses, eliminates the risk of human error, and provides your insurance agents with all the tools they need to work more efficiently.
Personalized offers
Offer your products to the most relevant leads. With algorithm-based custom software, you can increase insurance sales by tailoring your offers to the needs of individual customers and personalizing a customer experience through various channels at every step of their journey.
Compliance management
With custom insurance software development, you can build top-notch solutions and insurance apps that include built-in compliance protocols and scripts. They'll help your team run compliance checks worry-free, adhere to the law, and avoid fines, reputation damage, and sensitive data leakage.
Fraud detection
The insurance industry faces huge losses associated with insurance fraud and data breaches. Custom insurance risk management software with machine learning components increases fraud detection accuracy, safeguards sensitive information from hackers, and provides insurance agents with more fact-based claim processing.
Data-driven decisions
Claims management software solutions backed by AI technologies can help your teams structure data and get valuable insights. As a result, executives at your insurance company will be able to make data-driven decisions, improve enterprise risk management, and adjust business strategy to the conditions in the insurance market.
Our insurance software development services
Our industry knowledge, paired with extensive experience in software development for the insurance sector, allows us to move any idea from concept to product, ensuring the quality of the final results.
Custom insurance software development
We provide a full spectrum of custom insurance software development services to create reliable, secure, and scalable solutions helping insurance businesses improve complex processes and customer relationships. From business analysis to release and post-release maintenance, our team will support you at every stage of the development cycle. We’re ready to go the extra mile, so you get the software that will help your business succeed.
InsurTech consulting
If you think it’s time to digitalize your insurance business but don’t know where to start, our insurance software development company will guide you. Whether it’s legacy system modernization, building a new product from scratch, third-party integration, or risk-free cloud migration — we’ll find a solution that fully matches your business needs, growth strategy, budget, and customers’ expectations.
Third-party integration
Want to connect industry-approved third-party tools to your custom solution? Or need to ramp your software up with new functionality offered by ready-made products? No problem. Our team will integrate ready-to-install products with your insurance solution through APIs. It will save costs and speed up your product’s time to market.
Cloud services
As an experienced insurance software development company, we know that the industry players can greatly benefit from cloud services and solutions. Choosing the cloud infrastructure for custom insurance software improves its resilience, decreases operational costs, allows for better data management, and enhances cross-team collaboration. We can design easily maintainable cloud infrastructure for your custom insurance software solutions or migrate your on-premise solution to the cloud platform in a data-safe, compliant, and risk-free way.
Does our expertise match your insurance software development needs?
Insurance software solutions we can build for you
Unique challenges require unique solutions — this logic is wired into our software development process. Experienced in creating enterprise-level solutions, devspiration is your reliable tech partner ready to build state-of-the-art products that will help your insurance business thrive.
Risk management software
Risk management solutions help map and track key risk indicators (KRIs) to identify and prevent risk incidents. We develop this type of software, keeping in mind legal requirements, operational efficiency, risk mitigation strategies, and recovery scenarios.
Insurance claim management software
We can build robust solutions to streamline the claims processing and management workflow, automate processes, and reduce human errors. We create products that keep claim processing teams on the same page from case opening to compensation.
Document management software
Our software developers can power your business with software to digitally collect, process, store, and organize corporate and client documents. Solutions built by our team provide a unified and centralized framework for processing claim forms, policy applications, proofs, policyholder agreements, etc.
Insurance quoting software
Our team can customize underwriting algorithms for your solution to better assess risk, policy benefits, and premiums and determine fair compensation. It’ll allow you and your clients to choose the best-fitting insurance policies faster and get win-win results.
CRM systems
Development from scratch, upgrading, or third-party integration — we create CRM/ERP solutions that will allow you to streamline workflows, manage teams and resources more efficiently, and use customer insights to provide tailored, client-oriented services.
Insurance agency management software
Agency management solutions built by our team will become the backbone of your business. Custom insurance agency management software will help you easily deal with any routine tasks, from service delivery to onboarding new employees.
Why choose devspiration?
Expertise in fintech and insurance software development
Since day one, we’ve been dedicated to developing high-performance disruptive digital solutions for businesses in all areas of the financial sector, and insurance is one of our main focuses. Today, devspiration is a proud member of the Ukrainian Association of FinTech and Innovation Companies (UAFIC).
Strong tech competency
Our teams bring together senior and middle software developers with strong tech expertise who are constantly improving their skills. Our company is a Microsoft Certified Partner, and we are ready to put all our knowledge and experience at your service.
Quality-first approach
devspiration has a proven track record of the development of complex enterprise-level solutions. Our work ethics and high-quality standards on and off the project turn our clients into long-time partners.
Business-savvy professionals
We go beyond software development for insurance carriers. Our team has deep industry knowledge, which helps us accurately assess clients’ business challenges and deliver solutions to resolve them.
Agile methodology
We strive to improve the products we build at every development stage. Iterative approaches, Scrum and Kanban, generate prompt feedback from users and high quality of the final solution.
Our core technology stack
.Net
.Net ecosystem fulfills all requirements of modern software solutions. Choose our .Net software development services to build a reliable web application of any complexity.
Azure
Azure is an optimal choice for cloud-based development projects. Cost-efficiency, scalability, and rapid deployment are just a few of its many advantages.
Angular
Angular ensures faster loading time and improved performance of web applications. With Angular development, you’ll get a lightweight solution that runs impeccably and delivers a great experience.
React.js
Opt for our React.js development services, and we’ll build a SEO- and mobile-friendly application for your business that users will love.
Case studies
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Online purchasing system to optimize performance, find out the best suppliers, and automate RFQs.
See moreTestimonials
Will Strohl
СEO & Founder, Upendo Ventures
Before starting Upendo Ventures, I led the team at Hotcakes Commerce. At the time, it was a thriving commercial e-commerce platform built on top of the most popular ASP.NET CMS known as DNN. Hotcakes Commerce was rarely not seen in the top 3 selling extensions overall for DNN throughout its entirety as a commercial product. While it’s since been re-released as an open-source e-commerce solution, its popularity has not faded. This popularity is primarily due to the stability and high-quality features it’s boasted over the years. Many of these features were either built or started by the team at devspiration. With Hotcakes Commerce being at the core of what started Upendo Ventures and its continued success as one of our specialties, I can confidently say that the devspiration team has been a cornerstone of what sparked it all. I’d recommend them for all of your custom software needs. You can trust their attention to detail and expertise for all of your mission-critical software projects.
Artem Ruzak
Covizmo Partner
devspiration team helped us to develop a PDF parsing framework for our cloud based image inspection platform Azenzus. They accomplished this goal quickly and professionally. We enjoyed their proactivity, dedication and detail-oriented approach to software development. Highly recommend devspiration as a reliable technology partner for other businesses.
Robert Wells
CEO Allocable
devspiration partnered with our core development team and became an integral part of our engineering efforts on the first release of our SaaS product. They quickly adopted our in-house standards and culture, and provided cutting-edge development on new technologies that our team did not have expertise using at the time.
We are truly grateful how quickly they assimilated into our team and for the high level of attention and professionalism every team member provided.
Related areas of expertise
Fintech
We provide fintech app development services to help established financial companies and startups develop innovative fintech solutions for tax handling, wealth management, due diligence, financial monitoring, business analytics, and more.
Banking & finance
Financial institutions must adopt technologies to stay competitive and meet market demands. We provide end-to-end banking and financial software development services, creating top-notch custom solutions for banks and other industry players.
Trading
Choose trading platform software development to build state-of-the-art software for stock exchange and related activities. We leverage artificial intelligence, build hard-to-crack algorithms, and visualize analytics to help users monitor, predict, and bid securely.
Accounting
Want to streamline routine accounting processes and go through tax and M&A audits friction-free? We can build a secure software solution to help your accounting teams automate tax calculation and filing, run transparent audits, and report with ease.
Looking for the best talents for your insurance software development project?
FAQ
1. How long does it take to develop insurance software?
2. How much does insurance software development cost?
Every project requires different resources, and it’s hard to give you even a ballpark figure. Insurance software development costs depend on functionality, resources, team composition, tech stack, and expected time to market. We can discuss these and other questions with you during the call. We’ll also explain how we differ from other insurance software development companies.
3. Can you ensure the security of custom insurance software?
The insurance industry is strictly regulated, which means businesses operating in this sector must use secure solutions. We develop reliable software that secures sensitive data and meets all the data protection requirements. We thoroughly test our application before deployment to ensure it has no vulnerabilities.
4. What does your insurance software development process look like?
Our standard software development process consists of several stages. First, we run a few strategic sessions with our clients to understand the business tasks, problems, and solution requirements. Afterward, we design and develop a product. Then, our QA specialist tests it to ensure it’s bug-free. Finally, we release and deploy the product. Our team also provides post-release support and maintenance services.
