Insurance Software Development Services

Leverage custom insurance solutions to streamline operations and elevate customer experiences for optimal profitability

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● Elevate customer experience

● Increase cross and up-selling

● Decrease risk/capital cost

● Reduce acquisition expense ratio

● Reduce loss ratio

Unlock Business Growth

with Our Comprehensive Insurtech Development Services

Insurtech solutions development

SPD Technology's insurance application development team has the experience to undertake development entirely from scratch, including the required Business Analysis and Software Architecture Design.

Digital transformation and systems modernization

We can automate an insurance business that operates legacy systems or relies on paper-intensive business processes. Our Insurtech developers have a considerable amount of corresponding experience.

Machine learning solutions

Our AI/ML practice can enhance your Insurance application with the full power of ML to strengthen risk detection, automate policy termination and policy processing, help segment customers, and more.

Data management and analytics

SPD Technology’s experts can knowledgeably build the process of data storage and processing, visualize the data, and enable the required analytics.

Industry-Leading Achievements and Recognition

An information technology (IT) research and consultancy company

■ Emerging provider in the Information Technology and Services space

A platform of in-depth client reviews, data-driven content, and vetted market leaders

■ Top Software Development Company

■ Top B2B Service Provider

■ Top Java Development Company

■ Top 10 Web Development Company

Access industry data and vetted lists of top companies around the world

■ Top 5 Global Java Developers

■ Top B2B Firm

A dedicated, graded through research and analysis, directory of IT service providers

■ Top Software Developer

■ Fastest Growing Mobile App Development Companies of USA

A research and review platform that helps service seekers to opt for the best firm

■ Top Software Development Company

Digital Platform to deliver insightful features from across the global corporate world

■ Best Software Development Company

■ Best Custom Software Engineering Solutions

Success Story

Developing a Workers’ Compensation Insurance Solution

About the Client: Pie Insurance, is a U.S. workers’ compensation insurance company that caters nationwide for SMPs in an extensive range of industries, including auto shops, barber shops, beauty and spas, hotels, caterers, and many others.

Industry: InsurTech / FinTech

Geography: Washington, DC, the U.S.

Services provided: Software Architecture Design, Custom Software Development, Automated Quality Assurance Services, Maintenance and Support, Data Engineering.

Success story: Our solution has increased the number of users who choose ACH payments by a factor of 3, thus solving the problem of insurance policies’ termination because of payment delays. Also, eliminating the need to investigate the reasons for payment failures has created 40%-time savings for the client’s Customer Success team. Adding more payment options has increased the amount of the average check by 30%.

Case Study →

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Our Clients are Happy to share their experiences

Customers are king at PitchBook and SPD Technology shares in this mission. For the last 13 years, SPD Technology has helped us scale product development and continuously deliver the product functionality our clients need to make smarter decisions.

John Gabbert

Founder & CEO
PitchBook DATA

a financial data and software company with offices in London, New York, San Francisco and Seattle

All of their developers and management staff are highly talented and very professional. Working with SPD felt like we were working with an internal team. They are always accessible any time of the day and very flexible in providing support to our users who are globally distributed.

Shariq Ahmad

Head of Technology
Morningstar, Inc.

a leading provider of independent investment insights in North America, Europe, Australia, and Asia

I have been working with SPD Technology for over 11 years and they have been the development team for NimbleCommerce since its inception in 2009. Alex and Bogdan have built a technology organization that is innovative, high quality, and a technical leadership team that understands business.

Prashant Nedungadi

Founder & CEO
Nimblecommerce

a leading e-commerce solutions provider, digital commerce platform for promotions

We feel very lucky to have found SPD Technology as our partner. Over the last 10 years, they have totally surpassed our expectations, and day after day we have received incredible value from the team. Here is the secret sauce, just put together your best ideas in your requirements and there is nothing they can’t do!

Fabrice Forget

ex Chief Product Officer
PitchBook DATA

a financial data and software company with offices in London, New York, San Francisco and Seattle

SPD Technology has done a great job of maintaining the lifeblood of their codes. They're transparent with prices and deliver within budget. Their dedicated team acts as an extension of the partner's company. Responsibility and a committed long-term partnership are two hallmarks of their work.

Alex Samano

Co-Founder & CEO
Life Dreams Inc.

an internet company that specializes in the fields of financial planning and personal finance

The team at SPD Technology exceeds expectations. Their professional communication style makes them stand out. They're a skilled group of detail-oriented workers. Customers can expect a team that provides helpful suggestions to better their clients.

Steve Carver

Founder & CEO
Home Hub

a mobile software service designed to help homeowners better manage their home's appliances

SPD Technology’s work has been praised by the client for their consistency and high quality. Their communicative, responsive, and flexible project management ensures a positive collaboration. Ultimately, their professionalism and forward-thinking are impressive.

Prasad Sridhar

Senior Engineering Manager
E-Commerce Solutions Company

an American company that operates in the prepaid, gift card and payments industries

Our strengths and advantages

Cutting-edge technologies that add value

We can gainfully enhance your insurance solution with a broad range of advanced technologies, techniques, and approaches, like AI/ML, P2P, Gamification, iOT, Chatbots, or Blockchain.

In-depth knowledge and related software engineering

Our insurance app development company has 5+ years of experience in custom Insurance software development. Over this time, we’ve learned about a great many important industry-specific nuances.

Ability to use microservices in Insurance solutions

As an insurance software development company, we have hands-on experience in significantly optimizing software architecture by implementing microservices.

Experience in software architecture design for Insurance software

Our business analysts and software architects have hands-on experience of designing software architecture for an Insurance billing system.

Experience in replacing legacy Insurance solutions

SPD Technology’s Insurance software development experience includes phasing out massive legacy insurance software systems with modern Insurtech solutions.

Moderate cost of Insurtech development

Our company’s Eastern-European location allows us to price our Insurance app development services very attractively.

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Our Insurtech development expertise

SPD Technology’s experience as an insurance software development company is associated with Insurance application development projects for the U.S e market. Hence is our deep grasp of the many local peculiarities that need to be taken into account nationwide.

We have developed the following Insurance functionality:

■ Self-Service Portal

■ Insurance Policy Management-Related Integration

■ Billing

■ Operational Data Maintenance (ODM) platform

Of the vast amount of the Insurance functionality and related integration we’ve delivered, the following illustrates our ability to deal with ultimate Insurtech development and integration challenges:

■ Development of an Insurance Billing System – the development of an extremely complex insurance billing system that takes into account a vast and diverse number of factors to make complex insurance-related billing calculations. These factors include like customer history, type of business, location, State, and others.

■ Insurance Policy Management-Related Integration – the integration of the services our team has developed with the client’s insurance policy application that has very complex business logic. The application takes into account a diverse range of factors. Among others, these factors include the varying rules for taking out and closing insurance in the different U.S. states.

Trusted globally from FinTech industry stalwarts to industry-leading eCommerce providers, from well-established large and mid-sized businesses in a range of verticals to promising digital startups

An A Swiss multinational, the world's largest biotech company that operates worldwide

An American financial services firm that provides investment research and investment management services

Financial data and software company with offices in London, New York, San Francisco, and Seattle.

All-in-one omni commerce payment solution with contactless, fast, secure, and safe payment processing

A legal technology company that makes the law simpler and affordable for businesses, families and individuals

One of the most recognizable landmarks, a company that specializes in innovative travel and hospitality services

SaaS XSPN - Next Generation Application & Cloud Security Posture Management

Cloud-based connectivity enablement IoT platform encompasses a wide range of services across market verticals

A financial services firm that provides automated funding, and alternative lending services for small businesses

A leading tech-enabled insurance company that provides workers’ comp coverage to small businesses

Simple solution to storing all your home appliance manuals in one place and extending the life of appliances

An iPad-based restaurant point-of-sale system enabling owners to manage reservations and take orders instantly

Engagement models that address any requirements

Team Extension (Staff Augmentation)

Team extension is often the beginning of a lot more meaningful business relationships. As we are aware of this, we provide Team Extension services to quickly extend your in-house team with one or more experts (usually, 1-3 persons) in order to beef it up or fill an expertise gap

Managed Team (Dedicated Team)

The Managed Team client engagement model allows you to expand your in-house team in a more significant way than under Team Extension: we hand-pick several experts in accordance with your requirements to create a self-managed development team that is run by one of our seasoned Project Managers

Full-Cycle, Project-Based Outsourcing

Under Project-Based Outsourcing, our team assumes full responsibility for implementing the entirety of your project: we provide all the various experts required during the Discovery/Business Analysis, Development, QA & Testing, and, possibly, Support & Maintenance phases

Certified by Independent Organizations

● 17 Years

of Value-driven Software Product Development experience

● Over 100 Success stories

including projects for the world's leading companies like Roche, PitchBook, Poynt and Space Needle

● Over 600 full-time experts

always learning and willing to share their knowledge

● Secure by design

ISO/IEC 27001/27002:2005 standards-compliant, PCI DSS 3.2 compliant data storages, per-project isolated infrastructure