ScienceSoft Global
ScienceSoft Finance
- Digital transformation consulting for captive insurance firms
- Software consulting
- Technology consulting: AI/ML, big data, blockchain
- IT infrastructure consulting, including cloud consulting
- Project management consulting for captives’ internal software initiatives
- QA consulting
IT Services and Solutions for Captive Insurance Companies
In insurance IT since 2012, ScienceSoft provides full-cycle technology consulting, software engineering, and support services to insurance captives. Our clients strengthen captive governance, streamline insurance workflows, and improve control over reserves and recoverables while ensuring data security and predictable ROI.
Custom Software Solutions for Captive Insurance Firms
Below are some of the captive software solutions we deliver. Depending on your needs, we can engineer a standalone module for a particular task or build a multi-functional system that transforms the entire insurance management process.
Core captive insurance solutions
Reinsurance management platforms
Compliance management tools
Insurance billing solutions
Collateral management systems
Captive governance and board reporting software
Insurance document and correspondence management tools
Value-adding components and tools
Insurance APIs and connectivity solutions
AI assistants for captive insurance teams
AI-powered reinsurance optimization tools
Line-specific workflows and tools for specialist captive insurers
Employer’s liability insurance
Directors & officers (D&O) liability insurance
Product liability insurance
Cyber liability insurance
Disability insurance
IT Services for Captive Insurance Companies
Technology and business consulting
Software engineering
- Full-cycle engineering of insurance software
- Architecture design for captive insurance solutions and enterprise software
- LLM and GenAI implementation for insurance operations
- Proof-of-concept and MVP delivery
- Software integration, including API development
- Testing and QA for insurance solutions under development
- UX and UI design for employee, stakeholder, and partner apps
- DevOps services for ongoing development projects
- Team augmentation (with software engineers, architects, testers, consultants, PMs, etc.)
Software modernization
- Legacy software modernization
- Legacy software integration with modern apps
- Cloud migration services
- Software rearchitecting (e.g., monolith strangling to microservices)
- Code review and refactoring
- Tech stack modernization
- Software evolution with new features
Data management and analytics
- Data analytics consulting for captive insurance companies
- Data integration: implementing ETL/ELT pipelines, data warehouses, and data lakes
- Business intelligence (BI) services
- Data visualization
- Big data implementation
- Master data management (MDM) and data governance
- Data quality assurance
Managed IT services
Security and compliance services
- Cybersecurity consulting
- Compliance consulting: NAIC statutory and domicile-specific regulations, IRS captive tax rules, NYDFS cybersecurity guidelines, HIPAA (for health captives), GDPR, SOC 1/2, and more
- IT security audit
- Security testing
- Application security and network protection: implementing SIEM, IAM, UEBA, firewalls, and more
- Compliance assessments
- Managed security services
Our Clients Say
What stood out was ScienceSoft's proactive suggestions for cost-saving architecture design and tech stack solutions. Their input ensured we stayed within budget without compromising on software quality. The value we derived from partnering with ScienceSoft is definitely worth the investment.
Damien Sewell
Head of IT Projects
Engaging ScienceSoft this way saved us a lot of precious time and resources. Their quick buy-in and readiness to take the initiative made the project faster and less stressful for everyone involved, from Capital IM’s insurance specialists to leadership. We couldn’t have asked for a better IT partner.
Partnering with ScienceSoft has been an excellent experience. They identified and fixed several longstanding issues that had been causing persistent difficulties. Their communication was exemplary; we never had to chase them for updates, and they were always prompt in responding to our queries.
