Insurance Product & Software Development

Insurance Product Development Customized to Your Needs

The wave of technology is creating a new set of opportunities for insurance companies to optimize business processes and achieve sustainable marketable success. Damco assists businesses with high-quality Insurance Product Development services that are powered by years of experience and professional indemnity software developers. From creating web portals to migrating legacy systems, our Insurance Software Developers have more than 20 years of experience creating personalized solutions built with your short- and long-term goals in mind.

Our full-cycle Insurance Product Development services are designed to help you grow your business, increase your ROI, and one-up the competition in insurance business landscape. Whether it’s custom application development, platform modernization, software testing and quality assurance, system integration, or technology consulting-we got you covered. Our Insurance Software Development offering has a comprehensive approach. We provide software solutions comprising automated quote to issuance, dynamic insurance rate algorithms, and policy management system for life, property, commercial and general insurance.

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.

Platform Modernization

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.