Insurance Software Development Services

Since 2012, ScienceSoft designs and builds top-flight insurance solutions that help digitally transform complex insurance workflows and create new business models.

Insurance Software Development Services – ScienceSoft
Insurance Software Development Services – ScienceSoft

Insurance software development services aim to create solutions that help insurance services providers improve operational efficiency, increase customer loyalty, and access a larger client base.

ScienceSoft delivers robust insurance software that automates processes like underwriting, claim management, and policy administration and introduces seamless digital experiences for insurers’ customers, employees, and external partners.

Choose the Service Option that Best Fits Your Needs

Consulting on insurance software implementation

We design the optimal functionality, architecture, and tech stack for your solution and advise on security and compliance. You also get a detailed project plan with accurate time and cost estimates for risk-free implementation.

I need this!

End-to-end insurance software development

We cover all aspects of solution development, from design to integration and QA. You benefit from prompt software implementation and ongoing support. Also, we draw all necessary software documents and can conduct employee training.

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Insurance software modernization

We upgrade your existing solution and power it with advanced techs. You get modern software promptly and cost-effectively. Also, you benefit from a shorter learning curve for your teams.

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Insurance product consulting

We design your solution to provide visually appealing interface and seamless user journeys. You get an interactive prototype to quickly test the product’s technical feasibility and usability.

I need this!

Why Choose ScienceSoft as Your Technology Partner

  • Since 2012 in custom insurance software development.
  • Proficiency in building solutions with complex business logic that seamlessly automate even the most complicated, highly specific insurance workflows.
  • Hands-on experience in creating software with cloud-forward architecture that provides smooth integration with all required data sources and scalability to support business growth.
  • Since 1999 in web and since 2005 – in mobile development to deliver insurance apps that provide excellent UX and UI, vast self-service capabilities, and unique customer intelligence.
  • In-house compliance experts with 5–20 years of experience to guarantee insurance software compliance with the required legal standards.
  • Since 2003 in cybersecurity to ensure world-class protection of insurance software.
  • An ISO 9001- and ISO 27001-certified vendor that guarantees mature quality management and full security of its customers’ data.

Whom We Serve

Insurance carriers

Managing general agents (MGA)


Insurtech startups

Insurance software product companies

Enterprises involved in liability insurance activities

Software to Support Your Ambitious Insurance Initiatives

By insurance type

Various types of insurance differ in the potential volume of workflow automation and pose specific requirements for third-party integrations. To maximize payback from going digital, you need a solution that fully meets your unique service scope.

We deliver tailored software for the following insurance types:

  • Life insurance
  • Health insurance
  • Auto/motor insurance
  • Homeowners insurance
  • Flood insurance
  • Business insurance, including liability insurance and cybersecurity insurance

By insurance model

Design your insurance products to meet the rapid pace of cross-industry digital transformation. Those who will be among the first to innovate should expect to win a larger share of younger, tech-savvy audience and see the amazing revenue increase.

We create digital solutions to support the innovative insurance models, including:

  • P2P insurance
  • Microinsurance
  • Short-term insurance
  • Parametric insurance
  • Usage-based insurance
  • Pay-as-you-live life and health insurance

Software that Can Transform All Insurance Processes

Whether you need software to digitalize one specific insurance operation or a multi-functional solution to drive value across the entire insurance ecosystem, we’ve got you covered. The examples of insurance software we create include:

Software that enables automated insurance application processing, risk assessment, and premium calculation. It can provide optimal, analytics-driven insurance pricing.

Value: Up to 40% decrease in underwriting costs, 10–15% increase in revenue due to optimized insurance pricing, and decision-making in minutes rather than days.

Software that automates the entire policy lifecycle, from issuance to termination. It provides rule-based recordkeeping and centralized storage of all policy-related data.

Value: 95% faster policy issuing, updating, and renewal, 40%+ increase in the productivity of the insurance teams, up to 60% reduction in policy administration costs.

Software that offers automated calculation of personalized premiums and customer invoicing. It supports e-signing of invoices and enables real-time processing of multi-currency payments.

Value: Up to 80% decrease in billing-related costs, 2–3x faster billing process.

Software that automates claim management processes end-to-end, from claim data intake to claim settlement and reporting. It enables AI-based claim validation, damage estimation, and fraud detection.

Value: ~30% decrease in claim processing costs, 80%+ faster claim cycle.

Agency management software

Software that enables analytics-based planning and real-time monitoring of agents’ activities. It keeps a full audit trail of agent-customer interactions, and provides comprehensive agency performance analytics.

Value: 100% visibility of agency-wide insurance operations, streamlined planning of agents’ workload.

Software that introduces seamless digital experiences for insurers’ clients, employees, and suppliers. It automates tedious manual operations, provides secure access to the required data, and offers AI-powered user support.

Value: Improved operational efficiency for the insurance teams, up to 4x faster business processes, higher customer satisfaction.

Web and mobile apps that automate insurance application processing, premium payment, and policy issuance, enable prompt interaction and secure data sharing between the insurers and their clients.

Value: 89% increase in customer engagement and 81% improvement in retention rate, which results in higher revenue.

Insurance marketplaces

Digital platforms that facilitate service promotion for insurers and help customers find the optimal insurance offerings.

Value: An opportunity for the marketplace owner to achieve rapid and high ROI by launching and monetizing a popular insurance solution.

Boost Business Efficiency with Software Fully Tailored to Your Needs

ScienceSoft’s team is ready to build a reliable insurance solution that streamlines insurance processes, offers powerful analytics, provides full visibility and advanced security of insurance transactions.

Technologies Insurance Software by ScienceSoft Can Leverage

Advanced Techs that Can Power Your Insurance Solution

Click on the cards below to explore the advanced technologies ScienceSoft can implement to bring additional value across your insurance workflows.

ScienceSoft’s Featured Success Stories

Automated Underwriting Software

  • Designing and building an underwriting system for a global insurance carrier with over $30B in assets.
  • Introducing automated risk assessment, insurance pricing, policy issuance, compliance monitoring, and more.
  • Software integration with the insurer’s back-office systems.

Customer’s benefits: Balanced system maintenance costs, improved employee productivity, minimized risk of underwriting fraud and non-compliance.

Client-Facing Insurance Apps

Client-Facing Insurance Apps

  • Developing iOS and Android insurance apps for the clients of the US-based insurance provider with $61bln of total insurance value.
  • App integration with the insurer’s back-office systems.
  • App publishing on Google Play and App Store.

Customer’s benefits: App launch in 3 months, ~50% reduction in the employee workload within 2 months.

AR-Powered Claim Filing App

AR-Powered Claim Filing App

  • Designing and building a multi-language web app for car insurers’ clients.
  • Functionality for self-service filing of car damage claims using AR-supported 3D car images and rule-based claim routing for validation.
  • App integration with the insurers’ corporate systems.

Customer’s benefits: Facilitated damage estimation, faster claim resolution, improved customer experience.

Computer Vision ML Algorithms for Dental Insurance Fraud Detection

Computer Vision ML Algorithms for Dental Insurance Fraud Detection

  • Developing medical image recognition algorithms for dental insurance claim adjudication software.
  • Introducing ML-based analysis of claim-supporting X-ray images, automated identification of oral health problems, and instant detection of fraudulent claims.

Customer’s benefits: Fast and efficient fraud detection with 95% accuracy.

Modernization and Support of Aviation Insurance Software

Modernization and Support of Aviation Insurance Software

  • Rearchitecting the complex aviation insurance system used globally.
  • Evolving the solution with modern techs.
  • Expert consulting throughout the project.
  • Software evolution and support for 4+ years after launch.

Customer’s benefits: Optimized project time and cost, lower maintenance costs, higher solution value for end users.

Injury Management Software

Injury Management Software

  • Designing and implementing software for multi-party collaboration on injury case resolution.
  • Introducing automated claim processing, damage assessment, billing, and more.
  • Role-based access to sensitive patient data.

Customer’s benefits: Streamlined injury case resolution process, faster claim settlement.

The Financial Times Includes ScienceSoft USA Corporation in the List of the Americas’ Fastest-Growing Companies 2023

For the second year in a row, ScienceSoft USA Corporation ranks among 500 American companies with the highest revenue growth. This achievement is the result of our unfailing commitment to provide high-quality IT services and create best-value solutions that meet and even exceed our clients’ expectations.

Benefits You Get from Insurance Software Development with ScienceSoft

Optimal cooperation model

  • Full outsourcing of insurance software development.
  • A dedicated team to take over a part of your project.
  • Team augmentation with our best talents.

Close and transparent collaboration

Prompt development

  • An MVP of insurance software in 3+ months.
  • Quick project start (1–2 weeks).
  • Frequent releases (every 2–4 weeks).

Flexible pricing options

  • T&M, T&M with a cap – for consulting and agile implementation.
  • Fixed price – for MVP development.
  • A monthly subscription fee – for support activities.

Guaranteed compliance

with AML/KYC regulations, IFRS17, CCPA, CPRA, GLBA, SAMA (for the KSA), GDPR (for the EU), NYDFS (for New York), HIPAA (for health insurance), and more.

Advanced security

achieved by designing secure architecture for the insurance solution, implementing multi-factor authentication, authorization controls for APIs, insurance data hashing, and more.

Get All-Encompassing Expert Assistance in Your InsurTech Software Development Journey

Whether you need end-to-end development of an insurance solution, existing software modernization, or consulting on the use of advanced insurtechs, our team of 750+ IT professionals experienced in the insurance domain is at your service.