Insurtech

Hire Insurtech Developers

At GraffersID, we invite you to unlock the potential of your insurance solutions by hiring our dedicated InsurTech developers. Our expert developers are committed to simplifying and enhancing your insurance processes. Whether you're a seasoned insurer or a budding insurtech startup, our team is here to build robust and user-centric platforms.

From claims processing to policy management, we focus on delivering solutions that elevate efficiency and customer satisfaction. Let's build the future of insurance together. Invest in Insurtech development today, and watch your business thrive in the fast-paced digital landscape. Get in touch with our team by filling out the form to get started!

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Introduction

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The insurance industry, traditionally known for its conservative nature, has witnessed a remarkable transformation in recent years thanks to the rise of Insurtech. Insurtech, a portmanteau of "insurance" and "technology," is revolutionizing the way insurance products are developed, sold, and managed. The insurtech market is segmented by product type, distribution channel, and region. By product type, the market is segmented into General Insurance, Vehicle Insurance, life insurance, property and casualty insurance, health insurance and others.

Insurtech platforms offer a detailed comparision of various insurance products from different insurance providers enabling the customers to select the best insurance for their needs with complete transparency. These platforms offer info, subscription, management, claim application, claim tracking and settlement among all other features.

Types of Ecommerce

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  • The global insurtech market was valued at $10.94 billion in 2021 and is expected to reach $27.12 billion by 2026, growing at a CAGR of 18.6% from 2022 to 2026.

  • The United States is the largest market for insurtech, followed by Europe and China. While Asia-Pacific is the fastest growing market with 22.4% CAGR growth rate

  • The life insurance segment is the largest segment of the insurtech market followed by property and health insurance

  • Insurtech startups attracted funding reaching over $7.1 billion in 2020.

Let our insurtech experts save you time so you can focus on core coverage. Schedule a free call now!
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Customer Challenges We Solved

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We have invested months integrating with various insurer houses to streamline the flow of products and customer applications. As we grow we wish to add more insurer houses to our portfolio. The process can be tedious and time consuming. We wish to engage 10 developer at earliest to speed up the insurance company onboarding.

With over 10 million users on our portal we have a significant amount of data (approx. 100TB), we wish to harness this data into a seamless dashboard which can give us important insights to make a customized user profile and their spending capacity. This would allow us to form new insurance products and give accurate product recommendations to our customers.

Modernizing our legacy systems to improve operational efficiency and agility. We're interested in transitioning to a more scalable and future-ready architecture, automating and expediting claims processing to reduce administrative overhead and provide faster settlements to our customers. We're keen on exploring advanced automation solutions to process claims 30% faster.

Key Features for InsurTech
Application

  • 1

    Effortless Application ProcessOnline Lending Platforms offer user-friendly websites and mobile apps that simplify the loan application process. Borrowers can complete applications quickly and securely from the comfort of their homes.

  • 2

    Policy ComparisonA feature that allows users to compare different insurance policies to make informed decisions, providing transparency and control over policy selection.

  • 3

    Easy Policy ManagementStreamlined policy issuance and management processes, enabling users to purchase, renew, or modify policies with minimal effort.

  • 4

    Digital Claims SubmissionAn easy-to-use claims submission process that allows users to submit claims, upload documents, and track claim status online.

  • 5

    Claim TrackingUsers can track the progress of their claims in real-time, from submission to settlement, ensuring they are always informed about the status of their claims.

  • 6

    Instant QuotesQuick and transparent quote generation for various insurance products, allowing users to compare coverage options and prices easily.

  • 7

    Document Repository A centralized repository for policy documents, certificates, and receipts, ensuring users can access their insurance-related documents conveniently.

  • 8

    Real-time NotificationsAutomated real-time notifications for policy updates, premium due dates, and claim approvals, keeping users informed and engaged.

  • 9

    Live Chat SupportIn-app live chat support for instant assistance, inquiries, and claim-related questions, enhancing customer support accessibility.

  • 10

    Mobile AccessibilitySeamless access to the Insurtech platform via mobile apps, enabling users to manage their policies and claims on the go.

Get your pick from GraffersID’s global talent pool of Tier-1 developers for quality work.
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Frameworks
Devops
API and Tools
Communication
Database

Frequently Asked Questions

From Security to Code Quality we have got your covered

Staff augmentation provides a cost-effective solution for accessing specialized skills without the overhead costs associated with full-time employment. It allows you to quickly adapt to project demands, maintain flexibility, and leverage the expertise of experienced fintech developers.

Our staff augmentation service offers a diverse pool of fintech professionals, including but not limited to software developers, blockchain specialists, data scientists, UI/UX designers, and financial analysts. We tailor our offerings to match your specific project requirements.

We thoroughly vet our fintech developers through a rigorous hiring process that includes technical assessments, portfolio reviews, and interviews. We ensure that our developers possess the necessary skills, industry knowledge, and experience to meet the demands of fintech projects.

The duration of hiring fintech developers can vary based on your project needs. We offer flexibility, allowing you to hire developers for short-term projects or engage them on a long-term basis. There are no strict minimum or maximum durations, giving you the freedom to scale as needed.

We understand the importance of time in the fintech industry. Once you've communicated your requirements, we strive to expedite the onboarding process. The timeline may vary based on the complexity of your project and specific skill requirements, but our goal is to get you started as efficiently as possible.

Hire Insurtech Developers

GraffersID offer a ready to join pool of in-house developers
who you can trust with your code and product.

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