Insurance Software Development Services

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

● 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

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.

Legacy Software Modernization or Replacement

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

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 data analytics

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

Emerging provider in the Information Technology and Services space
An information technology (IT) research and consultancy company

Emerging provider in the Information Technology and Services space

Top Software Developer, Top Global Java Development Company, Top Machine Learning Development Company
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Top 5 Global Java Developers

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Best Software Development Company, Best Custom Software Engineering Solutions
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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%.

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Our strengths and advantages

Cutting-edge technologies

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.

Insurance industry expertise

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

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

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

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

Moderate cost of Insurtech development

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

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 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

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

Comprehensive M&A, private equity, and venture capital data, as well as daily industry news and analysis

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

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

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

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

SaaS XSPN - Next Generation Application & Cloud Security Posture Management

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

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 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

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

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

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

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)

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

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

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● 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