Custom InsurTech software development
Specific needs. Different goals. Unique pain points. Every InsurTech company has different requirements. The requirements off-the-shelf software solutions can’t meet. This is where custom InsurTech software development steps in.
Artificial intelligence. Machine learning. Big data. Robotic process automation. Blockchain. At Vega IT, we understand the unique complexities of the insurance industry. As your digital product development and system integration partner, we help you find the most elegant solutions to your trickiest problems.
Results? Affordability. Efficiency. Speed. Accessibility. User-friendliness. We co-create software that works for you. Not the other way around.
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What we have done for our customers
Over 1000 successfully delivered projects across Europe, the US, and the UAE. The world's most innovative businesses choosing to work with us for years. We turn your vision into reality.
Our work
What our clients say about us
Passionate. Proactive. Expert. We enjoy co-creating innovative products with the world's most innovative businesses and helping them realize their vision. Watch how our clients describe our partnership.
Howden Group
Howden is a global insurance and risk advisor. A home for 15,000 talented professionals in the fields of broking, risk management, underwriting, and reinsurance. Since joining forces in 2020, our collaboration spans across four distinct sectors. A unified vision. Common goals. Seamless synergy. Those are the pillars of our partnership.
Clan Informatik
Clan Informatik provides optimal support with highly efficient overall solutions for all aspects of pension provision. Our partnership with Clan Informatik thrives on trust and transparency. Turning big dreams into reality – together.
XXImo
Making business travel simpler. XXImo created one, seamless solution for all mobility goals. As their technical partners, we helped them roll out a multitude of innovative features and functionalities – tailored for their clients. We are delighted that we have been a part of this significant journey.
Costa Coffee
Costa is a globally renowned coffee retailer and the fastest-growing coffee shop chain in the UK. Only in 2017, they opened one of the biggest roasteries in Europe that has quadrupled their coffee roasting capacity. As their tech partner, we collaborated with Costa Coffee on crafting three distinct apps, aiming to enhance the coffee experience for their customers around the world.
The InsurTech software solutions we can help you with
Phone apps. Auto-monitoring devices. Wearable technology. Those are all insurance tracking tools, helping people get insurance in a matter of minutes. No need for human interaction and tiresome documentation. Here is what we can help you with:
System integrations
Our team can help you integrate your InsurTech solutions with other systems. These include CRM tools or accounting software – anything that streamlines your operations and improves efficiency.
Claims management software
Implement automated claims processing tools with our help. Reduce manual errors and accelerate the claims process for your clients.
Data analytics
Gain insights into customer behavior. Identify the hottest trends. Make informed business decisions. How? By harnessing the power of data analytics.
Customer experience and engagement
Enhance your customer experience and increase engagement by implementing chatbots, personalized pricing, and other innovative features that align with the expectations of today's digital customers. Streamline policyholders’ experiences by providing self-service – 24/7 customer service, simplified claims management. All in one place, without the need to contact customer support.
Online and mobile-enabled digital services
Transform your existing value chain. Let customers quickly explore, understand, and purchase products with minimal hassle. Provide them with a more accessible and affordable experience that leads to increased sales.
Compliance
We implement robust security protocols and data privacy measures to make sure your software solutions comply with the industry’s strict regulatory requirements.
Quote and policy management software
We help you implement digital policy management tools that enable your customers to conveniently view and manage their policies online.
Smart contracts
Automating the claims process. Reducing the risk of fraud. That’s what you can achieve by implementing smart contracts using blockchain technology.
Fraud detection
We can help you implement fraud detection tools, using AI and machine learning algorithms. Detect and prevent fraudulent claims. Protect your bottom line and maintain customer trust.
Just the right digital transformation partner
Innovative. Efficient. Strategic. We collect the know-how from 100 Vega Minds, 16 years in the industry, and relentless passion to help your business soar to new heights.
For insurance companies
Insurance companies. Brokers. Insurance carriers. We help you integrate the latest InsurTech solutions into your business processes. The goal? Streamlining operations, meeting evolving customer needs, and driving innovation.
For InsurTech companies
Software development. Infrastructure management. Scaling your operations. Our experienced team provides the expertise and support your InsurTech business needs to succeed.
Book a call
What else can we help you with:
Software development
Infrastructure management
Security and compliance
Product optimization
Whitespace system integration partners
As the Whitespace integration partner, we provide you with deep technical expertise and extensive domain knowledge. We extend the platform’s integration capabilities, ensuring you, as an end-user, can implement the desired solutions quickly.
Flexibility. Intuitiveness. User-friendliness. Whether you are a broker or underwriter, Whitespace allows you to offer, negotiate, place, and bind (re)insurance contracts with one another in a digital format.
As Whitespace client, you can enjoy seamless broking and underwriting without worrying about pre- and post-binding administrative responsibilities.
Learn more
Our digital products
A comprehensive guide to product discovery
How to prevent huge financial losses when building your product?
It’s all because of the sound and proven discovery process. Whether you’re exploring a third-party solution or want to build something from scratch, validation is incredibly important.
Download the free guide
Avoid common pitfalls in validating your product ideas. Whether you’re an aspiring entrepreneur, an early-stage startup, or an investor–you’re not immune to making mistakes, which is why it’s useful to acknowledge them in advance. Download the guide and learn more on how to validate your product ideas
And we’ve won some big awards for our work
Which business model suits you?
Different budgets, deadlines, challenges, and requirements. There is no one-size-fits-all approach to software development. To match your exact goals and ambitions, we offer two types of business models:
- Time & material: Greater control. Flexibility. Participation in candidate selection. With no rigid processes or end dates, this business model is easier to scale up or down as your business needs change.
- Fixed price: Fixed scope. Fixed budget. Fixed timeline. Those are the main benefits of the fixed price model. You set the requirements upfront, and we deliver the project within them.
Many clients choose to start with the fixed-price model. However, as their project scope evolves, they typically shift to the time & material model.
Strength in numbers
Sasa co-founded Vega IT 17+ years ago with his former university roommate Vladan. Their dream of founding an IT company has grown into the premier software company with more than 750 engineers globally. If you prefer to send an email, feel free to reach out at hello.sasa@vegaitglobal.com.
Real people. Real pros.
Book a call today.Send us your contact details and a brief outline of what you might need, and we’ll be in touch within 12 hours.
InsurTech software development – FAQ
Want to learn more about InsurTech software development services? We’ve answered some of the most frequently asked questions for you.
InsurTech, or insurance technology, is a rapidly growing sector that is transforming the insurance industry. InsurTech companies use innovative technologies and business models to offer new products and services that improve the efficiency and speed of business processes.
From digital policy management tools to claims processing software, InsurTech solutions are designed to meet the needs of today's digital customers and provide them with a seamless, personalized experience.
When you search for the best InsurTech software development partner, you should choose the company with technical expertise, deep sector knowledge, and relentless passion.
To be sure you selected the right partner, this is the homework you need to do in advance:
- Define your vision and goals
- Make a list of potential software development partners
- Check their technical expertise and domain knowledge
- Validate their language proficiency and whether they are a cultural fit
- Ask for references and case studies
- Make a shortlist
- Negotiate terms and pricing
Performing research. Running a scoping session. Building the system’s architecture. Software development. Testing the product. The launch. InsureTech software development is a multi-step process that needs to be executed strategically. Therefore, its cost depends on your company’s specific requirements.
At Vega IT, we take time to get to know your business — your dreams, needs, hopes, and challenges. We create the solution that works for you. In the long run.