Insurance

we have been committed to fostering the growth of insurance companies through technological modernization. Our expertise includes custom development of mobile apps, web portals, chatbots, and data analytics, continuously striving to deliver excellent customer experience. Let us help you introduce Agile and DevOps best practices, accelerate development, testing, and time-to-market, and optimize costs.

Faster Claims Settlement
Our software developers uses the potential of AI to bring intelligent data and fasten decision making, allowing insurance companies to quicken the claim settlement process.
Customer Experience & Coverage Personalization
Our team develops chatbots that can fetch customer’s social data and geographic information to provide personalized buying experience.
Behavorial Policy Pricing
Our experts leverage the inteligence of AI and data feeding capability of IoT sensors to provide personalized data that helps in identifying pricing based on behavior.

Our Insurance Software Development Services

Helping Insurance Companies With

Small, Medium Or Large

Small, Medium Or Large

Small, medium or large – predictive modeling can be implemented in any insurance company. Every insurance company asks a question – how can we introduce a cost-effective and sustainable predictive modeling strategy within the organization? Here’s the answer

Reduced Churn

Reduced Churn

Insurers may lose money if customers don’t upgrade or renew their plans because lapsed policies have to be replaced with new business. Using predictive analytics, it is possible to analyze customers’ historical data that will allow you to identify marketing options for a specific type of customer. Identifying customer trends or behavior will lead to a reduction in non-renewals and cancellations.

Fraud Detection

Fraud Detection

Fraud detection algorithms can be created using machine learning that processes large datasets and identifies hidden correlations between fraudulent actions and user behavior. Big financial institutions use ML to combat fraudulent claims and fake consumers. For example, MasterCard has integrated AI and ML to trace and process variables, including transaction size, location, device, time and purchase data.
Dynamic Pricing Precision
Based on the insights gathered from customers’ historical plans and transactions, insurance companies can be able to provide precise pricing to their customers. It helps insurers reduce loss ratio, increase retention ratio and reduce acquisition costs. With linear and non-linear algorithms, AI helps provide accurate risk-specific pricing.
Mitigation Litigation Risk
Using AI, insurers can develop a report to predict the probability that the compensation claim could lead to litigation. Claims with a high probability of litigation can be referred to the senior team for early and appealing settlement offers. It can save companies the high cost of litigation.
Previous
Next

We Are System Integrator for Insurance Companies

  • Payment Processing Software

    Payment Processing Software allows small to large-size organizations to process debit/credit payments either via POS interfaces or the internet.

  • Claims Processing Software

    Claims Processing Software is designed to automate claims processing, claims collection and electronic submission.

  • Commission Software

    Commission Software helps in improving organizations’ sales productivity by automating commission-based incentive plans.

  • Insurance Policy Management

    From policy generation to its renewal, insurance policy software is designed to monitor the insurance policy lifeycle to decrease the cost of processing and increase efficiency.

  • Commercial Insurance Software

    Commercial Insurance Software is used to simplify operations for both issuers and brokers of commercial insurance policies.

  • Inspection Software

    Inspection Software is designed to automate inspection processes with data collection, checklists, background checks and inspection reports.

Twitter Facebook Linkedin

INDIA OFFICE

18, F1, West Tank Street, Thiruvanmiyur, Chennai 600041, Tamilnadu, India

+91 - 9042901327