Claim management software
Itransition creates robust claim management solutions that offer flexible engagement models with customers, automate damage estimation, help reduce loss adjustment expenses, and improve settlement accuracy.
Custom insurance software development services and solutions
Insurance software we deliver
Embrace new business opportunities with custom insurance software solutions
Client spotlight
10%
Budget saving
Health insurance management platform
Itransition implemented a financial module in the healthcare insurance platform currently used by multiple US public organizations servicing millions of children under the CHIP program.
54%
Leads increase
Salesforce CRM for a US insurance buyout agency
Itransition developed a Salesforce-based CRM system that streamlines client communication, automatic annuity and quote calculations as well as marketing planning. It helped the agency increase client management productivity by nearly 75%.
£1 million
raised in series A funding
Claim management software development
Our team delivered a highly complex microservices-based pay-as-you-use platform for claims and policy management. The software can handle an unlimited number of insurance carriers and process 400+ new quotes and 20+ purchases per minute.
50%
More active users
Insurance web portal and mobile app upgrade
Itransition’s development team equipped an insurance web portal and mobile application with features for automating claim management, invoice generation, and financial reporting.
10%
Budget saving
Health insurance management platform
Itransition implemented a financial module in the healthcare insurance platform currently used by multiple US public organizations servicing millions of children under the CHIP program.
54%
Leads increase
Salesforce CRM for a US insurance buyout agency
Itransition developed a Salesforce-based CRM system that streamlines client communication, automatic annuity and quote calculations as well as marketing planning. It helped the agency increase client management productivity by nearly 75%.
£1 million
raised in series A funding
Claim management software development
Our team delivered a highly complex microservices-based pay-as-you-use platform for claims and policy management. The software can handle an unlimited number of insurance carriers and process 400+ new quotes and 20+ purchases per minute.
50%
More active users
Insurance web portal and mobile app upgrade
Itransition’s development team equipped an insurance web portal and mobile application with features for automating claim management, invoice generation, and financial reporting.
10%
Budget saving
Health insurance management platform
Itransition implemented a financial module in the healthcare insurance platform currently used by multiple US public organizations servicing millions of children under the CHIP program.
54%
Leads increase
Salesforce CRM for a US insurance buyout agency
Itransition developed a Salesforce-based CRM system that streamlines client communication, automatic annuity and quote calculations as well as marketing planning. It helped the agency increase client management productivity by nearly 75%.
£1 million
raised in series A funding
Claim management software development
Our team delivered a highly complex microservices-based pay-as-you-use platform for claims and policy management. The software can handle an unlimited number of insurance carriers and process 400+ new quotes and 20+ purchases per minute.
50%
More active users
Insurance web portal and mobile app upgrade
Itransition’s development team equipped an insurance web portal and mobile application with features for automating claim management, invoice generation, and financial reporting.
Our insurance software services
Consulting
Based on your needs, we define the scope and timelines of your project, decide between custom and platform-based software, choose the optimal tech stack and create a feasible insurance software development strategy for you.
Development
Itransition builds custom insurance software with features and modern UX/UI design tailored to your specific business needs or target audience. We can carry out end-to-end app development and perform business analysis, project planning, coding, testing, and delivering the solution to the target environment.
Integration
We will integrate your existing insurance solutions, whether that be claims, agency, or policy management solutions, with CRM, ERP, customer portals, payment software, and third-party solutions, preserving your software’s security and functionality.
Reengineering
Our team can save you the trouble of maintaining legacy insurance systems by refactoring or migrating software code without altering user interfaces and functionality. We can also restructure your digital solution, optimize its performance, and redesign the user interface.
Support and maintenance
You can free up your IT team’s resources for more acute business tasks by delegating your insurance applications’ maintenance and support to Itransition. We can deliver regular software updates and patches and provide technical support to your insurance agents, underwriters, or brokers.
Integrate advanced technologies into your insurance software
Emerging technologies in the insurance industry
Itransition can equip your insurance solutions with advanced technology to automate more complicated tasks, increase customer satisfaction, and tap into new revenue streams.
AI/ML
Artificial intelligence, including machine learning capabilities, can help your employees effectively handle large data sets, improve decision-making, assess applicants’ profiles and insurability, validate claims, and detect fraudulent claims.
ML-powered fraud detection solutions can also automatically distinguish between counterfeit and legitimate claims, increasing the working efficiency of your employees. In addition, artificial intelligence algorithms can be applied to analyze historical data and market trends to predict risks related to underwriting, claims, policy, and compliance management more accurately.
You can also improve customer service and offload your employees by adopting AI-powered chatbots that instantly respond to customer queries, help with policy inquiries, and guide users through the claims process.
RPA
By adopting robotic process automation (RPA) for your insurance business, you can automate manual, repetitive tasks, allowing your employees to focus on more strategic tasks.
RPA solutions can accelerate claims processing and increase data accuracy and customer satisfaction by handling large amounts of claims data and eliminating the possibility of human error. You can also help your agents and underwriters stay more satisfied with their jobs by removing excessive manual data entry tasks.
IoT
By partnering with IoT solution providers, you can meet rising customer expectations for personalized usage-based insurance products, like pay-as-you-drive insurance that relies on data from vehicle telematic devices.
In addition, you can deliver more personalized services to clients with IoT-powered smart home devices that allow you to accurately calculate insurance premiums and identify insurance events faster.
Blockchain
With its decentralized structure, blockchain can increase transparency in insurance operations. For instance, smart contracts between insurers and the insured automate claims processing, policy issuance, and premium payments when all parties meet all the predefined contract conditions.
In addition, blockchain technology keeps an immutable and transparent record of all transactions between parties, allowing you to reduce fraud risk and disputes.
Our insurance software development roadmap
1
Analysis
We assess your business needs and gather the requirements for your future insurance solution.
2
Design
Relying on the collected requirements, we design the solution’s architecture, select integrations, and create UX/UI mock-ups.
3
Planning
We define project milestones, choose an optimal tech stack, select the team, and plan development and testing activities.
4
Development
We follow the Agile principles of software development and develop your solution’s front-end and back-end in iterations.
5
Testing
Our QA engineers perform rigorous functional and non-functional testing to ensure the software is secure, high-performing, and meets established requirements.
6
Deployment
When the software is ready for deployment, we deploy it into the target cloud or on-premise environment.
7
Post-launch support
We can provide support and maintenance services to keep your insurance solution updated, bug-free, and well-protected.
Insurance software benefits
Increased operational efficiency
Insurance solutions can automate multiple insurance-related processes, from claim and policy management to underwriting, risk management and fraud detection. By eliminating a considerable amount of manual work, you can accelerate data management, reduce the risk of human mistakes, and increase the overall efficiency of your insurance operations.
Improved customer experience
Insurance application development ensures faster application management and claim settlement, as well as a better understanding of your customers’ needs, resulting in a more personalized approach to individual insurance and shortening claims management cycles. All this helps improve agent-client relationships and increase customer satisfaction and retention.
Decreased operational costs
By automating insurance workflows and increasing overall enterprise efficiency, you can reduce loss-adjustment expenses. In addition, data-driven insurance digital solutions allow for more targeted and cost-efficient marketing campaigns.
Stronger compliance and data security
Insurance applications with built-in security and compliance features enable insurtech startups and insurance carriers to automate the control process over meeting industry regulations and prevent data breaches and cyberattacks, saving you from fines or additional fees.
