Insurance software development

Insurance
software
development

Become a customer companion with innovative insurance solutions. Avenga supports carriers as they automate operational processes, boost customer retention, and revamp risk mitigation practices.

60%

Insurance back-office operations can be automated

74%

Customers search for insurance purchases online

50%

Next-generation customers require an omnichannel in-app experience

How we work

We combine the industry’s best service delivery standards with unprecedented solution personalization practices

Step 1

Write to us or book a meeting

We will respond within two hours and arrange a meeting with you at your earliest convenience.

1 day
Step 2

Meet with our representative

An expert matching your market niche and industry will get in touch to discuss your requests and determine the next steps.

7 days
Step 3

Receive an offer

You will get a service suite offering, including time and cost estimates, for each of your project’s stages.

7 days
Step 4

Sign the contract

We start delivering the results while keeping you updated on the progress.

What we do

The insurance industry is now on its way to incorporating meaningful innovation with integrated value so as to obtain and retain its clientele. Technology and a balanced strategy are the critical enablers that insurance providers match up with the individual customers’ expectations.

Digital insurance

Deliver relevant customer experiences with self-service portals, live chats, or insurance apps. Avenga provides comprehensive technical support for insurers embarking on their digital transformation journey. We create intuitive, user-friendly digital products that guide customers through the insurance process and foster a sense of engagement and trust within the suite of our insurance software development services.

Insurance CRM and marketing

Unravel customer behavior to maximize the value of your offerings. Avenga assists insurance providers in building and fine-tuning CRM systems based on an in-depth scrutiny and understanding of their clients’ needs. Allocate sales and marketing resources wisely, as you adapt to the swiftly changing market demands with ease.

Claims management and underwriting

Save the many hours of precious working time monthly with claims management software built specifically for your business. Avenga will help you build a system that tracks and reports incidents to ensure the transparency of claims and compensations while integrating them with customer support features. In addition, we deliver on-premises or cloud deployment options for increased agility and flexibility.

Personalized insurance

Offer the right products at the right time. We develop user-oriented online platforms that increase product awareness and help insurance companies modernize their customer engagement with our insurance software development services. Avenga creates opportunities for insurers to launch compelling customer campaigns and propel customer retention.

Insurance back-office automation

Optimize your costs and speed up data-rich processes. Our experts integrate automation into back-office processes to transform the insurers’ work environment and save human effort. We automate mundane tedious tasks and create comprehensive document management systems so that insurance companies can replace their manual processes and orchestrate their workflows efficiently.

Risk management and fraud prevention

Prevent insurance claims fraud and mitigate hidden risks with innovative insurance solutions. Avenga builds neural networks that detect anomalies and identify suspicious patterns from large data sets, and in this way, strengthens the financial resilience of insurance companies. Additionally, we help meticulously analyze risks related to claims and payouts, and integrate insurance solutions with widely used payment systems.

Insurance data insights and business intelligence

Gain actionable insights into your business and effectively strategize process improvements. Avenga leverages Artificial Intelligence (AI) and data science to empower organizations with robust decision-making practices. We gear up insurance companies for dynamic digital transformation and data-driven business prospects.

Choosing Avenga entails

1

Increased business value

Become a customer-focused leader in the market. With innovative insurance solutions, your company can swiftly spot trends, derive data-driven insights, and improve customer interactions. Avenga enables insurance companies to conduct operations faster, reduce labor costs, and explore new areas of business innovation.

2

Cutting-edge tech stack

Leverage the power of AI, cloud, and big data to supercharge customer engagement and deliver a personalized experience. As an insurance software company, we create digital offerings that streamline everyday business processes and support revamped decision-making practices.

3

Competitive advantage

Cast your mind into the future. While customers are moving on to new needs, modernization and a focus on nontraditional products and services is key to a fruitful digital transformation for insurers. Avenga brings to the table reliable risk management and fraud prevention strategies, and guarantees continuous adaptability to the evolving realities of the industry.

4

Optimized operational efficiency

Monitor business operations and use the possibilities of transformation. Our specialists ease the workload in the back office and provide ongoing support to catalyze the growth of organizations. From greater customer insights to faster insurance claims processing – Avenga helps insurers explore new areas of technological progress and accomplish tasks in a fraction of the usual time.

Technologies

Certified AWS, Google, and Azure experts are ready to consult, migrate, and engineer. Avenga offers a wide scope of cloud-based services for those seeking velocity, stability, and security.

Explore Cloud

1Trillion

Cloud computing market value by 2028

40%

Total cost of ownership savings

Render your products and services immune to business disruptions. Beat the competition by automating delivery pipelines, testing, and manual processes to scale opportunities and eliminate threats on the go.

Explore Automation

60%

Less time for handling support cases

33%

More time to improve infrastructure

Improve decision-making, enhance business flexibility, and tap into predictable planning by mastering the power of data. Avenga helps businesses worldwide gather, process, visualize, and apply data in a manner that makes it relevant for the company’s success.

Explore Data and AI

82%

AI usage in risk management cases

95%

Businesses suffer from unstructured data

Nurture customer loyalty by offering a buyer’s journey that your competitors cannot deliver. As a certified Salesforce partner, Avenga deploys custom-tailored Salesforce solutions for those seeking to sell and communicate with customers in a productive way.

Explore Salesforce

33%

CRM users worldwide

52%

Increase of leads volume

Avenga designs and implements Microsoft solutions that streamline teams’ productivity, coherence, and synergy. Ensure the maximum level of goal-oriented cooperation along your management vertical with the help of Microsoft 365, SharePoint Intranet, and Power Platform.

Explore Microsoft

79%

Healthcare organizations adopted Microsoft

91%

Used by Fortune 100 companies

Dive deep into a new realm of digital security with blockchain technology. Experienced blockchain developers at Avenga create decentralized solutions and apps for our clients to ensure enhanced traceability and the security of transactions and data.

Explore Blockchain

86%

Expected industry CAGR by 2030

67bln

Blockchain market worth by 2026

Our Partnership

Blog

Reviews

Something's unclear?

Frequently Asked Questions

Insurtech is a term that describes the intersection of insurance and technology. By leveraging innovative insurance solutions, InsurTech companies offer new services and products that are more convenient and affordable for their clients. For example, InsurTech is revamping the way organizations underwrite risks, process claims, and detect and prevent fraud. Being ripe for disruption, InsurTech is predicted to have a profound impact on the insurance industry over the next decade.

In recent years, the implementation of Artificial Intelligence (AI), big data, and automation has come to the forefront in the insurance software development market. Below are some of the ways of how innovations are transforming the insurance industry: AI enables insurance companies to adopt more predictive and proactive approaches to customer service and risk management. For instance, AI-powered chatbots and virtual assistants provide customers with 24/7 access to information and customer service. These tools help customers find requested information quickly and easily without interacting with a human agent. With the advent of big data, insurance companies now have access to an extensive pool of information, which they can leverage to revamp risk assessment and decision-making. Additionally, big data empowers insurance companies to enhance their customer experience and set up price policies more accurately. By automating policy administration and claims processing, insurers can reduce operational costs and increase customer satisfaction. Robotic Process Automation (RPA) cuts down on the time and effort required to process claims and boosts the accuracy of payments.

The most common types of insurance software development encompass policy administration, claims management, and customer relationship management (CRM) systems. Claims processing systems help insurance companies process and pay out claims. They typically include features such as claim status tracking, claim payments, and fraud detection, and aim at process optimization. Meanwhile, policy administration software is a foundation for numerous processes, from quoting and underwriting to policy issuance and renewal. Finally, CRM systems are designed to manage companies' customer relationships, including customer contact information and customer service requests.

Custom insurance software development varies depending upon the specific needs of the insurance company. However, some general tips can be followed to create a successful insurance software development strategy: Define the company's specific needs. Set up the scope, timeline, and tech stack needed for delivering to the project’s goals . Manage the project throughout the development process. Refine the outcomes and identify areas of growth.

Or
Book a meeting

Zoom 30 min

or call us+1 (857) 302-3414

Start a conversation

We’d like to hear from you. Use the contact form below and we’ll get back to you shortly.