We assist insurance businesses in enhancing efficiency and safety through innovative software solutions

Explore custom software packages to boost operations and reduce costs

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.

Services

TAV is revamping the way the insurance sector serves its customers

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Policy Management System

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.

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Management Software for Insurance Claims

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.

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Underwriting Platform

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.

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Customer Relationship Management System

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.

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Digital Marketing Software

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.

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Mobile App Development

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.

Leverage Legacy Modernization and Transform Traditional Portfolio

Adopt Cloud, Saas-based Business Modals, Latest Technology Stacks and Solution to make Your Portfolio Future-Ready.

USE CASES

TAV is offering modern insurance software for faster assessment and claims

Benefits to Business

We bring quality, security, and scalability in fast-moving insurance technology

Streamline Operations

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.

Improved Customer Experience

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.

Better Risk Assessment

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.

Real-time Operational Insights

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.

Leverage Legacy Modernization and Transform Traditional Portfolio

Why Choose TAV Tech Solutions?

TAV Tech Solutions understands the special needs of the insurance industry

Deep Industry Expertise

TAV Tech Solutions offers comprehensive software solutions to fully support the insurance domain. Experienced professionals include professionals of technologies related to insurance, regulatory compliance, and risk management. Our team stays at the forefront of all emerging trends.

Comprehensive Software Solution

While most consulting firms are bound within tiny domains, we deliver services right from Concept to Deployment. Our portfolio spans all software requirements throughout the value chain in the insurance industry—at policy administration, minimization of claims, and more.

Agile & Collaborative Approach

We believe in active stakeholder involvement with absolute transparency throughout our development lifecycle, and we help define the best tech strategy that is aligned to your long-term goals and evolving requirements through frequent demos and feedback loops.

Proven Track Record

As an experienced TAV Tech Solutions insurance customer, you can rest assured that even the most complex projects will be delivered on time and within your budget. With 100+ globally delivered insurance software initiatives.

Future-Ready Products

Architected with technologies at their core, such as Artificial Intelligence, Blockchain, and Cloud, we create solutions that will easily integrate future capabilities against compliance with up-and-coming regulations relevant for the years to come.

Lifetime Post-Release Support

Our relationship does not stop at go-live. We guarantee to keep your systems running smoothly to reduce all possible disruptions—from long-term maintenance and system upgrades to continued optimization and staying one step ahead in security.

Got A Project In Mind

Want to turn your ideas into full-fledged and scalable software?

11+

Years

250+

Employees

1000+

Projects

28+

Countries

50+

Technology Stacks

24+

Industries

What clients say about us

Our company has been serving global insurance businesses with modern software

Awards

TAV Tech Solutions has earned several awards and recognitions for our contribution to the industry

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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.

  • State the product vision and the scope of software, with the goals and objectives for all to align their efforts in software development.
  • It should list the core features of the software in increasing order of importance that shall help in supporting functions like Policy Administration, Claims Processing, Underwriting, etc.
  • Define non-functional qualities like performance, security, reliability, and scalability. State desired benchmarks.
  • Guidelines relevant to user experience, such as UI design, interactions, workflows, etc., are needed to ensure that the design is user-friendly.
  • Compatible platforms, operating system versions, etc., that the software needs to be supported on to ensure more extensive reach.
  • Mention the industry regulations and standards and other such that the software is supposed to be in compliance with, including the protection of data and reporting.
  • Infrastructure needs: Cloud-hosting, server configuration, etc.
  • Scope and success criteria of testing so that the software goes to the market with decent quality.
  • Documentation and support requirements for the same so that maintenance becomes easy post its release.

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:

  • Experience and Expertise: TAV Tech Solutions with insurance software delivery experience, significant domain knowledge, and exposure to technologies such as AI, blockchain, and IoT.
  • Track Record & References: Validate with their client portfolio, case studies, similar engagement references, and industry awards and recognitions.
  • Delivery Model: How will these partners deliver, manage your project, and communicate? Add value with transparency and global delivery capabilities. Ensure that adaptability is by the use of Agile methodologies.
  • Technology Exposure: The question here is whether TAV Tech Solutions is abreast of the pace in the developing innovation atmosphere and the level of its competency in respect to technologies crucial for the project, such as AI/ML, cloud computing, and cybersecurity, among others.
  • Support & Maintenance: Talk about support and maintenance measures after the software is live to ensure that it runs smoothly and well. The set standards of quality and the processes in place mirror the commitment to reliability.
  • Cost-Effectiveness: Look at the total project cost compared to the delivered capability, competence, and value to ensure the very best investment. Unwanted surprise costs are ruled out with transparent pricing methods.

Frequently Asked Questions

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.

Our Offices

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