Insurance Software Development Services
Modernize your insurance operations with SoftTeco. From policy administration and compliance to fraud detection and risk analysis, our insurance software development company builds solutions that automate complex workflows and deliver accurate risk evaluation.
Insurance Software Solutions We Develop
Claim Management Software
Speed up your claim processing time by up to 74% and provide a better customer experience with SoftTeco’s custom claim management software. We not only design it from scratch but also ensure that the system is securely connected to your other solutions in use.
Policy Administration Software
Manage the whole policy lifecycle, including quoting, underwriting, issuance, renewals, and cancellations with tailored policy administration software. SoftTeco centralizes policy data and automates repetitive processes, reducing your operational costs and manual interventions.
Underwriting Software
Set consistent underwriting rules, automate risk assessment and policy pricing, leading to a 20-30% cut in administrative expenses. We build systems that reduce repetitive workload and improve customer conversion via faster policy issuance, improved decision-making, and efficient scaling.
Customer-Facing Insurance Apps
We develop client insurance apps for omnichannel service delivery and tailored user experiences, offering 24/7 access to policies, claims, billing, and support. Personalized communication in claims can increase customer retention rates up to 30%, leading to increased revenue.
Insurance Portals
Increase retained premium by 25% with custom insurance portals. Connect insurers, policyholders, agents, and partners in a unified environment. Get better access to client data, quotes, and commission tracking, refining collaboration between reinsurers and vendors.
CRM and Agency Management
Centralize your data on agents, brokers, and customer interactions with customer relationship management solutions, getting complete visibility of sales activity. Automated communication and tuned auditing trails ensure you won’t miss selling opportunities.
Billing and Payments Software
SoftTeco develops billing and payments solutions that seamlessly integrate with policy, claims, and accounting systems, enabling financial transaction management. From premium collection and invoicing to commission payments and refunds, you get accurate, timely, and transparent operations.
Data Analytics and BI
Data analytics and BI software allow you to shift from reactive decision-making and can improve retention in high-profit segments by 5–10%. Our software development company builds systems powered by AI models and predictive analytics for accurate forecasting and risk assessment.
Reinsurance Software
We design and develop reinsurance software that encompasses treaties, contracts, and cessions management, enabling insurers to optimize risk exposure and financial performance. Centralize reinsurance data and get accurate tracking of recoverables, limits, and retrocessions.
Actuarial Software
Speed up modeling cycles and enhance decision-making with relevant data. Actuarial modelling software helps businesses with risk assessments, liabilities forecasting, and pricing strategies optimization using advanced statistical and financial algorithms.
Heading to ITC 2025? Let’s Talk!
Our Sales Executive, Serge Baikov, will be at InsureTech Connect 2025, ready to discuss how SoftTeco empowers insurance and financial companies with reliable software solutions and AI innovation. Let’s connect in person and explore how we can collaborate.
October 14–16 in Las Vegas, Mandalay Bay
Our Insurance Software Development Services
Insurance Software Consulting
Whether you want to automate claims processing or reduce friction for policyholders and agents, we create a solid development strategy based on your needs. Our software architects and developers choose optimal system design, technologies, and define core integrations.
- Project roadmap outline
- Engineering feasibility analysis
- Technical stack selection
- Timelines, resources, and costs estimation
Custom Insurance Software Development
SoftTeco’s developers build reliable and effective software solutions to enhance your policy management, claims automation, underwriting, and regulatory compliance. We use AI and ML for predictive analytics, fraud detection, and risk assessment, implement RPA for workflow automation, and leverage cloud platforms for centralized data storage and easy scaling.
- System architecture design
- Custom modules development
- Integration with third party solutions
- Functional and non-functional testing
Insurance Software Integration
We unify policy, claims, underwriting, CRM, billing, and analytics tools into a single ecosystem via custom APIs, webhooks, and middleware. Our developers connect business tools and solutions, build third-party integrations, and use cloud services, so data stays synchronized in real time.
- Integration points detection
- APIs and middleware development
- Data architecture consolidation
- Manual and automated integration testing
Insurance Legacy System Modernization
SoftTeco reengineers outdated systems, decreasing your technical debt, centralizing data, and enhancing security. Our insurance software development experts perform cloud migration, architecture rebuilding, and new features rollout without affecting ongoing operations.
- Technical debt analysis
- Modernization roadmap creation
- Insurance architecture redesign
- Data cleansing, enrichment, and normalization
Insurance Software Maintenance and Support
Our software development services include post-launch assistance to ensure seamless functioning of implemented software and timely issue resolution. By your request, we can provide L1, L2, and L3 support for your claim management portal or policy administration system, conduct penetration testing, and make hotfixes within just 4-8 hours with zero impact on end users
- 24/7 system monitoring
- Near-zero downtime
- Performance optimization
- Regulatory compliance updates
Book a consultation with our business representative and get a free, non-binding project estimate.
Our Clients Success Stories
Broker Web Platform Optimization
SoftTeco optimized a comprehensive broker web platform for document management and customer data handling. We implemented a custom email module, upgraded the database and indexing, and added PDF reports, a calendar, and a permissions management system. The result — a high-performing platform that facilitates contract management, task tracking, and document upload and sharing.
Enterprise BI Solution Development
SoftTeco created a SaaS-based software for enterprise teams that aligns business goals with IT deliverables. The system automates manual tasks, enables business process artifact reuse to improve efficiency, and improves code readability. It integrates with Agile and DevOps tools, provides visual modelling, and enables transparent assignment tracking — all to drive intelligent business automation.
Custom Resource Management Software Development
We built an enterprise-grade web platform for resource management, connecting employee and CV databases and automating the Request for Resources process. SoftTeco developed a skill match calculator, introduced an interview preparation framework for candidates, and built an advanced analytics module to ensure an accurate selection process and maintain a high quality of service.
Insurance Business Models We Cater To
Embedded Insurance
Create new distribution channels seamlessly, adding insurance services to your customer journey with custom insurance software development. We craft flexible pricing engines, support API-driven integrations, and enable you to issue policies fast.
Usage-Based Insurance
This model requires dynamically calculated premiums based on customer behaviour, such as lifestyle or driving patterns. We assist with cloud-native implementation, introduction of AI analytics, and real-time data processing.
On-Demand Insurance
SoftTeco builds software that enables instant coverage, increasing insurance accessibility and expanding the customer base. We introduce instant policy activation and deactivation, mobile-first experiences, and microtransaction billing.
Subscription-Based Insurance
Offer your customers continuous coverage and bundled products to secure recurring revenue. Our team creates products that include automated billing systems, customer portals, and dynamic product configuration, simplifying customer experience.
Pay-As-You-Live
Implement real-time risk scoring models, actuarial data pipelines, and HIPAA and GDPR compliant consent management, strengthening engagement and underwriting accuracy while building strong insurer-customer relationships.
Parametric Insurance
We use IoT sensors, cloud-based services, and AI capabilities to set rules that trigger payouts. Our team connects business software, payment gateways, and risk-relevant data sources for fast, transparent claims settlement.
Insurance Types We Support
Health Insurance
Our developers build secure, HIPAA-compliant systems that seamlessly integrate with EMR/EHR, telemedicine platforms, wellness apps, and enable real-time eligibility checks.
Life Insurance
We craft type-specific software ready for long-term policy administration, actuarial modeling, and automated medical data ingestion.
Auto Insurance
Within our insurance app development services, we implement instant FNOL submissions, AI image recognition, and telematics and IoT data from connected devices for quick damage assessments.
Homeowners Insurance
Our team delivers integration with smart home IoT sensors for risk prevention and implements features like AI-based damage evaluation and geo-risk modelling.
Business Insurance
In business insurance software development, we consider various industries, coverage types, and multi-line policies, creating configurable and secure policy administration systems.
Cyber Insurance
Our developers provide solutions that support incident response workflows, digital forensics data ingestion, AI risk models, and regulatory reporting automation.
Usage-Based Insurance
SoftTeco applies real-time data collection, builds Integrations with IoT sensors and wearables, and develops pricing engines that handle dynamic premium adjustments.
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Advanced Technologies We Use
Why Choose SoftTeco as an Insurance Software Provider
Tech stack
What our clients say
I would like to thank SoftTeco for the exceptional quality of services and for their impressive dedication to work. The product perfectly matches our vision and I would definitely work with them again.
