Digital NEXT With InsuranceNXT

Co-create The Digital “Next” In Your Business

Digital Insurance Software Solutions

We co-create future-ready and fit for purpose digital-first technology solutions for small and medium insurers, brokers and intermediaries across property and casualty (P&C), life and health insurance. We have helped insurers like you achieve many benefits including:

For a full-service life insurance company

$2Mn annual savings on legacy systems by implementing cloud-based full-fledged self-service platform for its customers and partners to improve collaboration

For a leading US based property and casualty (P&C) insurer

Improved fraudulent claims detection from 50% to 90% through implementation of business intelligence software

For a medium size P&C property and casualty (P&C) insurer

Improved productivity by 40% of enrolled agents and agencies. Increased claims request and response by 30% enabled by implementation of Salesforce Financial Service Cloud

Your Challenges

Insurance has always been sluggish in adapting to new technologies. Evolving technology landscape, changing consumer behavior and competition from insuretechs have made it difficult for insurers to meet market demands while outperforming the competition. Stringent regulations and limited budget allocations towards technology related investments and sales and marketing activities, have made it difficult for small and mid-sized insurance companies to become innovative and profitable.

We understand these unique challenges of small and medium-sized insurers.

Customer-facing

  • Meet emerging demands of Customers
  • Low Productivity of Sales Team(s)
  • Low Efficiency of Marketing Programs
  • Low Collaboration with Agents and Agencies
  • Lack of Proactive Assistance

Technology-centric

  • Absence of Automated Processes and Workflows
  • Slow Document-centric Processes
  • Legacy System Issues
  • Absence of a Connected Enterprise
  • Unknown ROI of Digital Transformation Programs
  • Lack of Skilled Resources in IT Team

Our Solution: InsuranceNXT

Give yourself an advantage over your competitors!

Tailored specifically for small and medium-size Insurers, Brokers and MGAs, Damco’s InsuranceNXT is a suite of technology services that successfully delivers the “Next” in your digital transformation roadmap and gives you an edge over their competitors. InsuranceNXT offers range of technology-led services such as, consulting, custom development, modernization, integration and implementation of new-age technologies like Hyper automation, Blockchain, and AI.

InsuranceNXT can help you:

Tackle the Legacy systems

Build a customer-centric system

Become more adaptive and flexible to changing market conditions

Scale faster and reach new markets with new products

Take Insight-based Decisions

Deliver the experience that today’s buyers expect

How InsuranceNXT Can Drive The “NEXT” For You?

Improved Efficiency of Document-centric Processes

AI-powered paper & digital documents processing for capacity expansion, cost reduction & enhanced customer experience

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Faster Delivery of Insurance Software Solutions

Powered by leading low code platforms including Power Platform, UiPath, and OutSystems for ultimate business agility

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Enhanced Customer Experience

Driven by co-developing customer portals, apps and business GPT-led chat bots, resulting in paperless claims and self-servicing of policies

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Accelerate Business Growth

Enable more efficient core insurance processes across claims, underwriting and policy administration through fully-integrated, feature-rich low-cost Technology Platforms

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Modernize Legacy Systems

Cost-effective modernization of legacy systems including IBM (AS400/iSeries) for improved performance, functionality, and integration with new-age systems

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Move Beyond Efficiency

Deliver the truly digital insurance enterprise faster through autonomous processes with Hyperautomation-led intelligent decision-making at the core of every workflow

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Streamline Sales and Customer Service Operations

From increased customer engagement on collaterals, to lead generation, and managing the entire marketing lifecycle, our tailored Marketing Services take care of the end-to-end process

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Increase Efficiency of Marketing Operations

From increased customer engagement on collaterals, to lead generation, and managing the entire marketing lifecycle, our tailored Marketing Services take care of the end-to-end process

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Enhance Customer Experience

Optimize and personalized Customer Interaction Services driven by customer portals, chatbots, paperless claims, and policy owner servicing

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Bridge Your Technology Skill Gap

Address your IT staffing challenges across 30+ technologies by hiring on-demand developers and technology experts with insurance knowledge at zero upfront cost

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24/7 Support and Maintenance

Account for expected and unexpected system issues across a range of systems

A Sneak Pick of Our 85+ Clients

Why Companies Prefer InsuranceNXT?

20+

Years of making insurers future-ready

85+

Clients across insurers/carriers MGAs and brokers segments

135+

Engagements delivered globally

700+

Projects delivered globally

Global Presence

Across US, Caribbean Islands, UK, Europe, Luxembourg, and India regions

Strong Partnership Ecosystem

Including Microsoft, Salesforce, Amazon, UiPath, Outsystems and more

Recognized By Industry Influencers

Featured as one of the top insurtech companies in Everest’s Application Transformation Service Provider Peak Matrix 2021

Recognized by Celent as in its one of the leading insurance tech companies Latin American P&C PAS Systems Report

Highlighted as a premier insurtech company in Everest’s L&A Application and Digital Services Providers Peak Matrix 2020

Recognized by Celent as a key insurance technology company in its Global Health Policy Administration System Vendor Report

Insurance Insights

Match Made in Cloud Blog

A Match Made in the Cloud: Insurance Claims and Policy Management + CRM

Evolution of Claims Processing Blog

The Evolution of Claims Processing: Straight-Through Automation as a Catalyst for Change

AI in Insurance Claims Service Blog

Beyond Automation: How AI is Creating a New Standard for Insurance Claims Service

Insurance Insights