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Custom Insurance
Software Development
Company

What is insurance technology? It is the integration of IT into the business models of insurance companies. Currently, insurance agents and companies cannot become leaders without custom insurance software. Insurance companies take advantage of insurance software development services to stand out from others in the insurance industry or enhance existing insurance applications by personalizing configurations, e.g., big data analytics. Geniusee provides insurance software development to help you become a leader in the market.

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Insurance Software Development Services and Solutions

Insurance services we offer:

Insurance ERP programs
CRM software for insurance agencies
Insurance automation software
Insurance underwriting and rating software
Claims management systems
Insurance agency management solutions
Insurance risk management software

Document management systems
Insurance quoting software
P2P insurance solutions
Front-end customer portals
Customer engagement and relationship management software
Dynamic insurance quotes solutions
Telematics insurance

Big data analytics solutions
Insurance connected IoT
Insurance data warehouse
Robotic process automation (RPA) for insurance
Insurance policy management software
Insurance reporting tools
Custom insurance software solutions

Insurance solutions we offer:

Benefits of Choosing Geniusee for Insurance Software Development

Choose a reliable partner that cares about quality for your insurance software development. We are a Forbes-recognized company and one of Clutch's top developers. We offer transparency by logging and tracking team velocity on a per sprint basis. Our software developers constantly improve their expertise to deliver the best services possible.

As an experienced insurance software development company, we provide custom insurance solutions to solve your business challenges:

Collect and analyze customer data
Implement big data and machine learning
Simplify business processes
Improve customer experience
Increase operational efficiency
Secure sensitive data
Automate fraud detection
Prevent data breaches
Facilitate policy administration
Reduce operational costs
Remove legacy software
Provide up-to-date insurance products
Overcome competitors
Enable cloud-based software solutionss
Accelerate decision making
Enhance qualitative risk management

Insurance companies need trustworthy software
developers to ensure success in the insurance sector

Geniusee, as your software development partner, believes in proof also,
so we reveal our expertise in custom software development with numbers:

200+

Team members

64+

Technology support
and services

150+

Projects completed

$ 350 m+

Raised by our clients

Our Insurance Software
Development Process

Needs

We discover the project objectives and define your proper business needs to provide you with the most fitting insurance development services.
Design

We predict risks and draw a detailed view of the strategy for each stage of insurance software development.
Development

Ensuring insurance industry expertise, we deliver results with qualified execution of insurance applications.
Testing

To test insurance software solutions, we find and fix the weak points to make the product perfectly reliable.
Release

With every stage of custom insurance software development controlled, we can manage the launch.
Support

After deploying the custom insurance software, we constantly scale the product and stay by your side.

Cooperation Models

Our obligations:

We adhere to deadlines
We ensure the quality of our deliverables
We do not offer templates; we create solutions
We offer innovations and only new and relevant tech stacks

Our commitments:

Endeavor for splendid results
Expertise in our fields
Open mindset
Transparency across the project
Partner-like collaboration

Time and material

Dedicated team

Innovative Technologies in the Insurance Industry

To stand out from competitors as an insurance company, you need not only to update business models but implement new InsurTech solutions according to insurance market demands and insurance industry trends. Increase efficiency and decrease risks with big data, AI, machine learning, and cloud services to derive tools that automatically upgrade insurance policies, evaluate risks, calculate insurance coverage, and eliminate legacy systems to provide next-generation insurance solutions for your clients.

Artificial intelligence (AI)
Machine learning
Big data
Blockchain
Internet of things (IoT)
Enhanced insurance experience
Access across devices
Interactive dashboards
Predictive analytics and modeling
Low code configuration tools

Digital transformation and systems modernization
Data from social media
Robotic process automation
Document management software
Cyber security services
Third-party integrations
Cloud solutions
Platforms and microservices
Smart data collection and warehousing
Wearable insurance solutions

Success Projects

Our Technology Stack

Frequently Asked Questions

What steps should you consider before starting insurance software development?

First, you need to create a plan. In the beginning, you have to define your business goals and align the implementation of insurance software development with your company’s strategy. You have to choose the type of insurance software you need. Is it policy management, insurance processes automation, CRM software, insurance agency management software, ERP, document management software, insurance policy underwriting, quoting, claims management software solutions, or insurance risk management software? Next, determine the development approach, e.g., in-house team or outsourcing company. Choose the right technical partner (CTO) and hire the development team if you go outside the company; then calculate costs and find the most fitting software developers regarding their rates and technical skills or build the custom software yourself.

How long does it take to build insurance software?

The development time of any software depends on its complexity. The idea development, depending on functionalities, may take one to four weeks or more. Next comes the discovery phase, design stage, development, testing, and launch. The time for the software development process also depends on the qualifications of the insurance software developers. The less experienced they are, the more time it takes. Platform, programming language, integrations, and capabilities also affect development time. The minimum development is at least 350 working hours, but usually around 1,300 hours.

How much does it cost?

Software is usually the keystone of your insurance business, so it is best to choose qualitative solutions and insurance developers.

Developing an insurance software solution may seem costly but compare how much money you will save by integrating it. For example, claims management software solutions may cost $45,000 to $100,000. Now, calculate your operational costs. If it’s $100,000 per year, that is a bargain. Of course, the price of software development for insurance also depends on its complexity and functionalities, platform type, tech stack, etc. Also, consider the development team. Hiring a dedicated outsourced team is sometimes cheaper than in-house insurance software developers. The average hourly rate of a developer is around $50, yet the lowest is $20 and rises to $100 - $200. Find out more about price tags, skills, and portfolios of potential insurance software development companies. The more experienced your developers, the less time it will take, and you will be sure about the quality of their insurance development services. You may also try our estimator to calculate the approximate cost of your software.