Co-create Your Digital NEXT With InsuranceNXT Suite of Technologies

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

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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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