Damco Insurance Industry Offerings
Insurance Product Development Offerings
Damco’s Insurance Product Development services help you develop applications and platforms to streamline underwriting processes, increasing customer loyalty, reducing claims operational costs, increasing savings, and ultimately creating an efficient and competitive business. Our Insurance CRM solution enables insurance businesses to spend less on processes and focus on essential functions.
Platform Development and Enhancements
- Insurance Product Development practice combines strong Insurance domain knowledge with sharp technological skills to introduce newer products for digitally savvy customers and brokers.
- New Insurance Software Development or enhancement of existing core systems like sales and distribution, policy administration, claims management, underwriting, etc.
- Streamlining core business processes (policy administration and claims processing) and automation in new business, policy issuance, and claims for faster time to market with new product rollouts.
- Employ Insurance Product Development to introduce customer portals or self-service mobile apps to help Insurers in continuously reinventing system landscapes to match changing insurance market.
- Use automation to shorten Underwriting and Claims processing workflow and provide constant improvements through feedback.
- Offer continuous support for constant improvements, transformation, and innovation in Insurance Software Development to better connect insurer, agents and brokers through technology.
Enterprise and Third Party Integrations
- Multiple ways to integrate data and Insurance service provider through synchronous and asynchronous transmissions. Preferred method in Insurance Product Development is using web services (XML or JSON messaging) to support inbound or outbound web-services fetching insurance data.
- Integration of Insurance Software Development with other Enterprise Applications in the areas of Accounting, Compliance, Feedback, CRM, Document Management, Brokerage or Insurance System.
- Integration with Data validation servers such as Infrastructure Management, Data Center management, Network management, Production Operations, Hosting & Bandwidth, Help Desk, etc.
Dedicated Practice to deliver services and solutions for Insurance businesses.
1100+ person years of experience in delivering Insurance technology services.
100+ Insurance projects delivered globally, 60+ Insurance Customers.
30+ installations of InsureEdge – a complete technology platform.
Strong experience in multiple lines of business covering Life, Health & General Insurance.
Strong Technology Expertise on Microsoft, Open Source, Oracle, Salesforce, IBM, Cloud & Mobility.
Capabilities in cutting-edge technologies – IoT, AI, Machine Learning.
Global Presence with resource availability in USA, UK, Luxembourg, Australia & Caribbean islands.
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