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Insurance Software Development Services

Want to gain a competitive edge with high-quality insurance software? Trust your project to our developers

  • microsoft
  • mongoDb
  • aws
  • 100+

    Delivered projects

  • 19+

    Years of business excellence

  • 4.9

    Review rate on Clutch

  • clutch reviews

Why choose Binary Studio for insurance software development

1

19+ years of development experience

We’ve been creating a variety of software solutions for almost two decades. During that time, a lot of approaches and tools used in development have changed, and we’ve always adapted our processes to stay on track.
2

Top 0.5% engineering talents

If you’re looking to hire insurance software developers, we guarantee you the best tech talents with relevant experience. We continuously train new engineers through our IT Academy and hire only 0.5% of the most committed ones.
3

Business-first mindset

Our engineers are not only experts in development tools and practices—they are also committed to understanding every business case and delivering real value to the companies they work with.
4

Fast kick-off of your insurtech project

We can launch your development within just two weeks upon agreeing on the timeline and cooperation model and signing documents. We value your time so we always strive to make fast decisions and can adjust to your deadlines.
5

Truly agile development

We’re working under the Agile methodology where a product is developed in short iterations, which allows you to regularly review the working version of your product and impact the development by suggesting changes when needed.
6

Expertise in insurance development services

As a fintech and insurance software development company, we’ve built different products for streamlining insurance claim processing, policy management, risk management, and other processes.

Our insurance software development services

1

Insurance development consulting

If you don’t have fully developed requirements but need to digitize or modernize your insurance business, we can consult you on the best tech solutions that are applicable to your use cases.
2

Custom insurance software development

We provide a full cycle of development and testing services to realize your insurtech idea. Whether you need a customer-facing insurance application or a complex internal solution with a number of integrations, we can build it for you.
3

Third-party integrations

If you need to connect your insurance software to third-party systems like a CRM, APIs, or other tools, our team can help you include all the necessary integrations and ensure that the data exchanged between the systems is protected.
4

Insurtech modernization and moving to the cloud

If you have insurance software but it’s built on an outdated tech stack or has other issues, we can completely redesign your software’s architecture and build a new, scalable and user-friendly product.
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Binary Studio’s awards

Every year, we’re recognized by the B2B platform Clutch in a range of software development categories. The platform assesses our portfolio and client reviews to feature on the lists of top tech companies, which shows genuine appreciation of our work.

The process of insurtech software development

Upon partnering with an insurance software development company, you’ll typically go through the following stages:

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1 Gathering your business requirements You’ll describe your idea, and we’ll come up with a development plan and approach that fits your needs and will help you reach your business goals. 1-2 weeks
Team member Team member

Head of PMO

Delivery Manager

2 Building a team and starting the development We’ll provide you with experienced insurance developers who know how to deliver high-quality products, and they’ll start working on your project in just two weeks upon our agreement. 1-2 weeks
Team member Team member

Head of PMO

Project Manager

3 Developing the insurance software MVP The full cycle of insurance software development services includes design, development, and testing, all of which are done in an iterative manner. 4-12 weeks
Team member

Development Team

4 Maintaining and improving your insurtech product We can provide ongoing support and maintenance for your software, and you are always welcome to come with the request to expand its functionality or make other improvements. Ongoing
Team member

Development Team

Want to optimize insurance operations?

We’ve been developing software solutions for 19+ years—trust your project to us

Our insurtech development cases

As an insurance software development firm, we’ve delivered numerous projects for insurance businesses or in other niches that deal with insurance (proptech and healthcare).

Need innovative insurance software?

With us, you’ll find the best insurance developers committed to the success of your product

What our clients say

One thing that continues to impress us is the exceptional quality of engineers that Binary Studio is able to provide us
Mark Volkmann - CEO /
Massage Book
Binary Studio has really been pivotal in FanAngel's success
David Burton - CEO /
FanAngel
Binary Studio is an ideal software development partner and our experience working with them has been fantastic
Pascal Desmarets - Founder & CEO /
Hackolade
Mark Volkmann
Mark Volkmann
CEO / MassageBook
Charleston, SC Charleston, SC
David Burton
David Burton
CEO / FanAngel
San Luis Obispo, CA San Luis Obispo, CA
Pascal Desmarets
Pascal Desmarets
Founder & CEO / Hackolade
Brussels, Belgium Brussels, Belgium

When you might need insurance software development services

1

When you want to optimize insurance processes

There are plenty of processes you can automate and improve with the help of software, whether it’s claims handling, underwriting, or risk management.
2

When you want to streamline data security

Having a lot of sensitive data, you might need a solution with reliable data storage that has built-in measures to prevent fraud and eliminate unauthorized access.
3

When you want to leverage data analytics

Custom insurance software can open you the opportunities to monitor and use real-time analytics for improved risk management, predictions, and financial decisions.

Insurance solution development services FAQ

  • How to find the right insurance development firm?

    If you need an insurance agency for software development, you should research popular B2B tech platforms to find a company with relevant expertise. Explore providers’ portfolios and reviews to get an understanding of what they’ve worked with. When you find a company or a few that have built similar projects, book a consultation call to learn about the principles and modes of cooperation. Ask questions about how much you’ll be involved in the development process, what communication tools will be used, and so on. Insurance development expertise is key, but it’s also essential to straighten out the details of cooperation early on. This way, you’ll get quality development services that meet your expectations.

  • Can I hire individual insurance software developers?

    Yes. You can augment your team with one or a few insurance developers, testers, and other specialists. Our company can also build a dedicated team for you that will include a project manager, engineers, and other required professionals.

  • How much do insurance software services cost?

    The estimate will depend on the complexity of your product and the rates of insurance developers you hire. Normally, the cost of a custom insurance solution development starts at $50,000. The more custom features and integrations you’ll need, the higher will be the final estimate. Regarding developer rates, it makes sense to outsource your insurance development to providers like Binary Studio that offer cost-effective services. For instance, you might pay $100 per hour for an internally hired engineer in the USA or North America in general, plus the administrative costs, while you might pay twice as less for the services of an outsourcing engineer from Eastern Europe.

  • What type of insurance software development solutions do you offer?

    We’re building different solutions for insurance companies and other businesses that intersect with the insurance industry. Whether you need an application for customers to manage their policies or a platform to automate your internal operations (such as risk management, document processing, etc.), our company can help you bring the idea to life. We also have expertise in building full-fledged ERP and CRM solutions (or integrating products with third-party ERP/CRM services) if you need one for the insurance business. If you have a particular vision of the functionality of your insurtech product but can’t find a relevant description among our services or a similar case study, drop us a line—we’ll discuss your project, and you’ll be able to see if our expertise fits your needs.

Improve your insurance business with us

Schedule a free consultation to discuss your insurance software:

  • We’ll analyze your business requirements and needs
  • We’ll suggest you the optimal tech stack for your project
  • We’ll decide on the scope of work and plan the development
Edward Robe
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Improve your insurance business with us

Types of insurtech software we can build

We can build any type of software according to your vision, but here are the common types of insurtech solutions you might need. They can be combined as separate modules or developed as individual products.

Insurance CRM

If you need a single point of truth for all customer records, you will greatly benefit from the development of a CRM system that will allow managing customer data and automating and personalizing communication.

Insurance mobile apps

You can boost customer experience by offering them an easy-to-use and interactive mobile app to file claims, manage policies, and process payments on the go.

Underwriting software

You can enhance the underwriting process with insurtech software that lets you work with advanced algorithms for assessing risk factors and determining coverage eligibility.

Claims management software

You can automate different aspects of claims management and introduce innovative features to streamline operations, reduce processing times, and eliminate fraudulent activity.

Risk management software

Since risk management is at the core of any insurance business, you can improve your operation with the help of a software solution that allows you to utilize data analytics and predictive modeling to develop effective risk mitigation strategies.

Insurance agency portal

For businesses that rely on a network of insurance agents and brokers, it’s essential to have a convenient system to manage all activities and streamline insurance workflows.

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