Insurance
TAV is among the top software development services catering for the insurance industry
TAV is among the top software development services catering for the insurance industry
We assist insurance businesses in enhancing efficiency and safety through innovative software solutions
As a world leader in insurance technology, we offer up-to-the-minute solutions to customers worldwide. This experience allows us to develop solid tailored software products that allow the insurance marketplace to advance.
TAV Tech Solutions is leading the way with innovative solutions in the insurance industry. With our experience- and skills-based team, we innovate to change the future of insurance under the influence of transforming digital and even more complex landscapes of risk.
From policy management, claims processing, and predictive analytics to personalized customer experience, TAV Tech Solutions has been pioneering insurance software development services. We empower insurers, brokers, and agencies to make their operations smoother by reducing risks and personalizing the journey of each customer.
TAV is revamping the way the insurance sector serves its customers
Our policy management system provides an overall state-of-the-art workflow for quotes right up to issuance and renewals; it also organises and streamlines operations across all departments in the insurance companies.
We develop solid claims management software that can handle the claim process, right from the first notice of loss up to settlement exercise, with great ease. In-built fraud detection and analytic modules for seamless workflow.
Our underwriting platform is one integrated solution that addresses risk assessment and optimized pricing. It harnesses the power of multi-source data, advanced analytics, and automation in the underwriting process. This front-to-back visibility of risk, in real time eliminates human errors.
We build tailor-made CRM systems that are integrated with marketing and sales automation. Customer interactions are captured, leads are nurtured, and it enables cross-sell and retention programs.
Our all-in-one digital marketing platform empowers targeted campaigns across multiple channels. It provides analytics, cross-device tracking, and tools for personalized engagement to maximize ROI on brand-building and lead generation campaigns.
We build feature-rich mobile applications for insurance brands. Responsive solutions from us enrich the online insurance buying experience and hasten claims submissions on-the-go for a seamless customer experience.
TAV is offering modern insurance software for faster assessment and claims
This claims processing system needed upgrading to be more efficient and customer-focused. A number-one property casualty insurer hired TAV Tech Solutions to build an AI-based claims processing platform. We developed a cloud-based solution integrating machine learning for automatic claim classification, computer vision for damage assessment, predictive analytics for fraud detection and more.
One of the leading life insurance companies wanted to increase its customer acquisition and cross-selling abilities. They approached TAV Tech Solutions to build them a personalized insurance recommendation engine. We built an AI-driven system that would look into customer information, lifestyle, and risk profiles, and then suggest truly personalized insurance.
One such insurtech startup enabled TAV Tech Solutions to build a blockchain-based, parametric insurance platform for agriculture. We built a scalable solution by using smart contracts that automated payouts based on predefined weather events and integrated the platform with IoT and satellite data to trigger instant claims settlements without any manual intervention.
A leading insurance company was struggling to keep track of employee performance due to lack of modern BPA tool. We equiped the client with a modern interface and data processing unit for seamless data collection and analysis. Our developers also integrated new set of features to improve navigation. Overall we were able to make employee tracking more convienient for our client.
TAV had the opportunity to work with a prominent insurance provider for optimization and automation. We quickly took note of customer needs and preferences. Our developers built a system which keeps tabs of every aspect of their workflow. With the implementation of our system, the client now has access to real-time data without much hassle.
A global product development service reached out to us to keep their fast-growing business in line. They wished to integrate all of the functions into a single platform. We offered them with an agile development solution that will address all their needs in the most convinient way. Our experts worked closely with their team to come up with the best possible solution for their needs.
This claims processing system needed upgrading to be more efficient and customer-focused. A number-one property casualty insurer hired TAV Tech Solutions to build an AI-based claims processing platform. We developed a cloud-based solution integrating machine learning for automatic claim classification, computer vision for damage assessment, predictive analytics for fraud detection and more.
One of the leading life insurance companies wanted to increase its customer acquisition and cross-selling abilities. They approached TAV Tech Solutions to build them a personalized insurance recommendation engine. We built an AI-driven system that would look into customer information, lifestyle, and risk profiles, and then suggest truly personalized insurance.
We bring quality, security, and scalability in fast-moving insurance technology
Our policy management system empowers proper centralization of all the critical insurance functions—including underwriting, policy administration, billing, and claims processing. This kind of integration of disparate operational elements on one seamless platform significantly liberates workflows from ineffectiveness and enhances productivity. Employees can now turn their energies more toward value-enhancing tasks than mere administration.
An intuitive mobile application designed by us enables customers access to key policy information, file claims, and request quotations to make inquiries from anywhere and at any time from their mobiles and tablet devices. It enhances the overall brand experience and delight.
Our software for predictive analytics provides advance, granular insights into risks through rigorous data analyses performed on historical and real-time data. It enables advanced underwriting decisions, reduced surprise losses, and marginally improved accuracy in pricing toward superior profitability and customer satisfaction.
The analytics solutions of TAV Tech Solutions provide deep reports and dashboards from the vast variety of inputs available across the insurance value chain. These would include parameters like customer behaviour, claims patterns, policy performance, and agent productivity. Real-time monitoring would bring out actionable insights to help strategic decision-making.
TAV Tech Solutions understands the special needs of the insurance industry
Years
Employees
Projects
Countries
Technology Stacks
Industries
TAV Tech Solutions has earned several awards and recognitions for our contribution to the industry
Definition of requirements of insurance software development is one of those substantial aspects. So, some key elements on which we should focus, while defining the requirements of the software, are as follows.
There are several broad sets of business functions that insurance software caters to. Some of the most prominent types include the following:
Policy Administration Systems
These are core systems that manage all aspects of a policy’s lifecycle, from quoting to renewal. The development of robust, flexible policy administration systems requires deep expertise in insurance products, rating engines, and regulatory compliance.
Claims Management Software
It focuses on developing solutions that enable efficient claims processing, from first notice of loss to settlement. Technologies such as AI for fraud detection and digital document management, as well as mobile claims submission, are a part of this domain.
Underwriting Platforms
Support risk assessment and pricing decisions. Normally includes data sources, predictive models, and rules engines. Skillsets in data analytics, machine learning, and actuarial science are of central importance.
Insurance CRM and Agency Management Systems
These platforms manage the relationship with the customers, sales processes, and agency operations. Their expertise lies in workflow automation, lead management, and integration with policy and claims systems.
Insurance Analytics and Business Intelligence
This domain deals with the development of data warehouses, reporting tools, and predictive models for deriving insights from insurance data. This demands expertise in big data technologies, statistical analysis, and data visualization.
Software is playing a transformative role in the insurance industry. Here are some ways in which it does:
Digital Distribution
Software powers online quoting and policy purchase platforms for direct-to-consumer sales. APIs integrate their products with comparison websites and digital brokers. Mobile apps provide easy access to insurance services.
Automated Underwriting
The AI and machine learning algorithms go through huge bundles of data to analyze risks and price policies in real time. This allows an insurer to instant quote and exercise straight-through processing for simple risks.
Automation of the Claims Process
A claims process is streamlined by automatic FNOL and automatic assessments through computer vision and straight-through processing for simple claims, hence reducing the average time taken to settle a claim and increasing policyholder satisfaction.
Personalized Customer Experience
Interactive dashboards offer policyholders personalized policy information and insights into risks. Chatbots and virtual assistants ensure natural interaction within the ecosystem. IoT integration makes possible usage-based insurance and proactive risk management.
Data-Driven Insights
Software is able to extrapolate strategic insights from the volumes of policy, claims, and customer data and use them to optimize pricing, identify fraud patterns, and improve customer retention strategies.
The insurance software space has been experiencing a lot of changes; in particular, some of the key trends are:
Artificial Intelligence and Machine Learning
AI is applied to the value chain of insurance, from underwriting, claims processing, and customer service to fraud detection. Natural language processing, computer vision, and predictive analytics move insurance operations forward.
Blockchain and Smart Contracts
Distributed ledger technology is allowing new models of peer-to-peer insurance, parametric insurance, and efficient claims settlement. Smart contracts automate policy execution and claims pay-out based on predefined conditions.
Internet of Things and Telematics
Connected devices are materializing into usage-based insurance propositions for auto, home, and health insurance. Real-time data generated by IoT sensors helps underwrite better risks and avoid losses, while also enabling price customization.
Cloud Computing and Microservices
Cloud-native architectures dramatically enhance scalability and speed for innovation. Microservices allow incremental modernization of legacy systems and fast integration with insurance solutions for carriers.
Cybersecurity and Data Protection
The advancements in digital operations and tighter regulations, like GDPR, have dramatically increased the focus on software security. Technologies like encryption, blockchain, and AI are further enhancing data protection and privacy capabilities.
Fast-changing technologies make choosing the right software partner very important. Consider these aspects:
TAV is committed to serving businesses with customer-centric software solutions
We offer manifold services ranging from policy administration systems to claims management software, underwriting platforms, CRM systems, and analytics solutions to mobile apps and more for some of the most common insurance segments, including life, health, property & casualty, and speciality insurance.
It really depends on complexity, number of features, technologies used, number of team members, and so on. But a fully featured and exhaustive features list in insurance software would take from 6 months to a year. To provide a more exact indication, please share your details.
We use languages like Java, .NET, Python, and and JavaScript for backend development. For frontend and mobile development, we use technologies like React, Angular, iOS, and and Android. Some common tools used are Jenkins, Docker, Kubernetes, and various cloud platforms.
The price varies from $50,000 for minor software to more than $1 million for large enterprise systems using advanced technologies. The price depends on the features, integrations, team size, timeline etc. We provide free estimates based on your unique project requirements.
We follow Agile methodologies, typically Scrum or Kanban, that the project requires. Our process includes the phases, from requirements analysis, design, development, and testing right through to deployment and support. And we also practice DevOps and have rigorous quality processes that ensure the delivery of robust solutions in a timely manner.
Schedule a free consultation call with our insurance technology experts to understand your requirements in detail, where estimations are factored in with various complexities and recommended the best approach. This helps in planning out timelines and budgets effectively to ensure successful project executions.
Please note that although we do not reveal our clients, companies regularly interact with the leading global, regional, and smaller insurers and insurtech startups, along with various software vendors in the insurance domain. We have completed many projects for insurers in the fields of life, health, P&C, and specialities across several geographies.
ISO 27001 and CMMI Level 5 processes are adhered to in the industry. Firm quality processes comprise requirements management, peer reviews, and comprehensive testing: unit, integration, system, performance, security; quality gates; and documentation. We also offer ongoing maintenance and support.
For them, we offer end-to-end support from development to maintenance with incident or problem management, version upgrades, patching of defects, development of new features, performance optimization, security updates, user training, and managed services.
Yes, we can share detailed case studies and references of our past insurance projects when considering your needs first. There are many instances where an innovative solution has been delivered based on huge experience for well-established insurers and insurtech startups.
Custom insurance software development involves creating tailored solutions to meet the specific needs of an insurance company. These solutions can range from policy management software solutions to claims management systems. Our team specializes in custom software development to help insurance firms streamline operations, improve efficiency, and enhance customer service. By focusing on the unique requirements of each insurer, we deliver solutions such as AI-powered underwriting tools, mobile applications, and cloud-based insurance platforms that support digital transformation in the insurance industry.
An insurance claims management system is designed to automate and streamline the claims process from submission to settlement. Our solutions help insurers manage claims efficiently, reducing manual intervention and errors. With our insurance claims automation technology, insurers can process claims faster, ensuring quicker responses for customers. By integrating AI and machine learning, we enable smarter decision-making and fraud detection, minimizing the risk of fraudulent claims and improving overall customer satisfaction.
Policy management software solutions allow insurers to handle the entire lifecycle of an insurance policy—from creation to renewal and cancellation. These solutions are designed to automate processes, improve data accuracy, and enhance customer engagement. Our offerings include custom API integrations for insurance platforms that facilitate seamless data flow between various systems, along with real-time insurance reporting and analytics tools that help insurers stay ahead in an ever-evolving market.
Insurance SaaS platform development involves building scalable and secure software solutions hosted on the cloud, allowing insurers to access their systems over the internet. This model eliminates the need for complex in-house IT infrastructures and offers flexibility, scalability, and cost savings. Our cloud-based insurance platform development includes tools for managing policies, claims, and underwriting, while ensuring regulatory compliance and providing real-time analytics for better decision-making.
Digital transformation in the insurance industry involves leveraging technology to improve processes, enhance customer experiences, and foster innovation. By adopting custom insurance software solutions, mobile application development, and data analytics, insurance companies can become more efficient, responsive, and data-driven. Our services, including blockchain for insurance processes and AI-driven automation, help insurers manage risks, detect fraud, and increase profitability by modernizing their operations.
In today’s digital age, mobile application development is critical for insurance companies looking to offer convenient, accessible services to their customers. Our insurance mobile application development services create user-friendly apps that enable customers to access their policies, submit claims, and manage their accounts from their mobile devices. These apps provide insurers with an opportunity to enhance customer engagement while streamlining processes such as policy administration and claims management.
AI and machine learning are transforming the insurance industry by automating repetitive tasks, improving underwriting accuracy, and enhancing fraud detection. Our AI-driven solutions enable insurers to automate processes such as claims management and policy renewals, reducing operational costs and human errors. These technologies also provide deeper insights through data analytics, allowing insurers to make informed decisions that improve customer service and overall business efficiency.
Insurance data analytics helps companies analyze vast amounts of data to identify trends, predict risks, and optimize their operations. By integrating insurance data analytics and insights into their systems, insurers can enhance their decision-making processes and drive better business outcomes. Our business intelligence solutions provide insurers with real-time data that empowers them to forecast risks, create targeted marketing strategies, and optimize claim management, improving both customer satisfaction and profitability.
Insurance CRM and customer experience solutions are essential for building strong relationships with policyholders and improving overall service delivery. Our solutions focus on automating customer service processes, managing customer interactions, and providing personalized experiences. By integrating CRM systems with insurance policy administration software, insurers can efficiently handle inquiries, claims, and policy updates, improving customer retention and satisfaction.
Blockchain technology offers significant benefits for the insurance industry by providing a secure and transparent way to manage data. It can be used to streamline claims processing, enhance data security, and reduce fraud. Blockchain-based insurance solutions ensure that all transactions are traceable and tamper-proof, helping insurers comply with regulatory requirements while fostering trust and transparency with customers. Our blockchain development services for insurance platforms can improve operational efficiency and reduce costs associated with manual verification processes.
Insurance underwriting automation services use technology to automate the process of evaluating and assessing insurance applications. By incorporating AI and machine learning algorithms, we streamline underwriting processes, improving speed and accuracy. Automated underwriting systems reduce the reliance on manual intervention, making it easier for insurers to assess risks, set premiums, and issue policies quickly and efficiently. This automation enhances decision-making and ensures consistency across all underwriting operations.
Insurance fraud detection software is essential for identifying and preventing fraudulent claims, saving insurers significant amounts of money. Our solutions leverage AI and machine learning to detect suspicious patterns and flag potential fraud before it impacts the business. By integrating fraud detection software with your insurance claims management system, you can automate the detection process, reduce manual efforts, and minimize losses due to fraud, ultimately protecting both the insurer and the insured.
Cloud-based insurance platform development provides a secure, scalable, and flexible environment for managing insurance data and applications. With our cloud integration for insurance companies, insurers can store and process data more efficiently, improving accessibility and collaboration. Cloud solutions enable insurers to access real-time information, optimize claims processing, and manage policyholder data securely. This approach also facilitates compliance with industry regulations and ensures business continuity, reducing downtime and operational costs.
Insurance claims automation technology uses intelligent software to streamline the entire claims process. From claim submission to approval and settlement, automation reduces manual intervention and accelerates the claims lifecycle. Our claims management systems incorporate AI and machine learning to analyze claims data, detect fraud, and ensure compliance with regulatory standards. This automation helps insurers improve efficiency, reduce operational costs, and enhance customer satisfaction by providing quicker responses and more accurate claim processing.
Insurance business intelligence (BI) solutions involve the use of data analytics to gain actionable insights into insurance operations. With our BI solutions, insurers can analyze trends, identify opportunities, and optimize performance across various departments. Real-time data reporting tools allow insurers to monitor their operations, assess risks, and make informed decisions quickly. By integrating BI with insurance CRM systems and policy management software, insurers can enhance customer relationships, improve operational efficiency, and drive growth.
Regulatory compliance software ensures that insurance companies adhere to all necessary legal and regulatory requirements. Our solutions automate compliance checks and help insurers track evolving regulations, ensuring they remain up-to-date and minimize the risk of penalties. By integrating compliance software with existing systems such as policy administration software, insurers can streamline audits, improve reporting accuracy, and maintain transparency in their operations.
Custom API integration for insurance platforms allows seamless data exchange between different systems. This integration is crucial for improving operational efficiency and ensuring real-time access to critical information. Our custom APIs enable insurers to link policy management systems, CRM tools, and claims management platforms, reducing data silos and enhancing collaboration. This connectivity enhances the accuracy of data, improves customer experience, and accelerates processes across the organization.
Insurance software testing and QA services ensure the reliability, security, and functionality of insurance applications. Our dedicated testing services identify potential vulnerabilities, bugs, and performance issues before deployment. By thoroughly testing policy management software solutions, claims automation systems, and mobile applications, we help insurance companies deliver high-quality products that meet the expectations of both regulators and customers. QA services help minimize risks and ensure the software operates smoothly in live environments.
Insurance document management systems provide a digital platform for storing, organizing, and accessing important documents. These systems help insurers manage a wide range of documents, including policies, claims forms, and customer correspondence. Our solutions automate the document lifecycle, reducing manual efforts and the risk of errors. With secure storage and easy retrieval, these systems improve operational efficiency and ensure compliance with regulatory requirements.
End-to-end insurance software solutions cover all aspects of the insurance lifecycle, from policy creation and underwriting to claims management and customer support. These comprehensive systems enable seamless integration of various processes, reducing the need for multiple standalone applications. Our end-to-end solutions incorporate advanced features like AI-powered claims automation, data analytics, and cloud integration, helping insurers optimize workflows, reduce costs, and enhance customer service from start to finish.
Let’s connect and build innovative software solutions to unlock new revenue-earning opportunities for your venture
We would love to hear from you
5th Floor, DLF Two Horizon Centre, DLF Phase 5, Gurugram, HR 122002
