Why Now is the Time to Invest in Insurance Software Development Services?
Growing market of advanced technologies
The boom in frontier technologies in insurance continues to grow through 2025 and beyond, with the main focus on IoT, big data, and robotics, contributing to a $3.200 billion market, according to the PWC insurance market research.
Faster claims settlement
The use of AI and machine learning allows to reduce time spent on processing claims to 15 minutes instead of the regular 3-4 hours, resulting in processing costs decreased by 30%. An insurance software development company can help you build tailored software to achieve these efficiencies.
Better fraud detection
Field research proved that using big data in the insurance industry increases fraud detection rates by 60%.
Hypersonalization as a new trend
50% of insurance customers ranked personalized digital communications as a high priority while insurers still primarily rely on telephone (51%) and traditional mail (50%) with no to limited personalization opportunities to communicate with customers.
Customer service advancements
Insurance companies using AI and big data report better customer satisfaction (84%) and customer retention improvements (70%).
Broad use cases
Explore the applications of AI and machine learning in lead generation and management, price optimization, churn prediction, intelligent underwriting, personalized sales, and others, etc.
Custom Insurance Software Solutions that We Offer
Lead Scoring and Analysis
Churn Prediction
Sales Process Optimization
Demand Prediction and Price Optimization
Innovative Underwriting Solutions
Customer Acquisition and Retention Forecasts
Our Insurance Software Development Services
See Our Case Studies
Trusted by Insurance Innovators
It’s effortless to work with a team. They are open-minded and have great experience in our technology stack.
Dmytro Pishchukhin
Co-Owner, Industrial IoT Solutions Provider
The most impressive thing about Intelliarts was their willingness to learn about our business so that they could build the most effective models.
VP Product
Digital Insurance Agency
This group has allowed our team to focus on our strengths of vision while bringing to life our concepts. It has been nice to have a “one-stop-shop” experience where all elements of the development have been handled.
Greg Walters
Director of Customer Success
They are part of our product development team and do product development at all levels — backend, frontend, APIs, etc.
Eleonora Ludin
Director of Engineering
Do We Share the Same Values?
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High standards of quality
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Solid tech expertise plus innovation
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End-to-end insurance app development
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Domain knowledge
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Custom-built software
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Reliable technology partner
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Awards and recognitions
Intelliarts cares about the quality of services and deploys the right technologies for the right business purposes. As a top leading insurance software development company, we aim to create value-driven software that helps your business to grow even if it means challenging our partners or spending more time to find the best solution.
As an AI-focused company, we stay on top of the latest technologies and AI trends. Our data scientists and software developers love what they do so they’re constantly learning to deepen their knowledge further.
Having specialists of various expertise on board, we offer efficient and well-coordinated work in all project development phases. From consulting to building a product roadmap to insurance software implementation, our technology experts aid in creating robust AI-driven software that maximize efficiency.
Our vast domain expertise in the insurance sector allows Intelliarts engineers to get involved in your project faster and naturally contribute to its outcomes. Having completed projects of different levels of complexity, we know the nuances of the industry and can provide real value from the business perspective.
We build custom insurance software solutions to make sure our systems meet your specific project requirements while also helping your business grow. Our team also strives to build your technology solutions scalable and sustainable.
With Intelliarts as your software vendor, your insurance company benefits from transparency and responsiveness, flexibility in case of changing needs, and compliance with the best security and safety practices. This makes us a trusted choice for custom insurance software development projects.
Top Artificial Intelligence Company in Ukraine 2023 by Clutch
Top Machine Learning Company in Ukraine 2023 by Clutch
Top BI and Big Data Company in Ukraine 2023 by Clutch
Most reviewed BI & Big Data Company in Poland by the Manifest
Top Big Data Analytics Company by GoodFirms
Top Software Development Company by GoodFirms
Top Artificial Intelligence Company by GoodFirms
Top AI Development Company 2024 by Tech Reviewer
Top Big Data Analytics Company in Ukraine by Designrush
Top IT Consulting Company by AppFutura
Top Software Development Company by SuperbCompanies
Top Artificial Intelligence Company in Ukraine 2023 by Clutch
Top Machine Learning Company in Ukraine 2023 by Clutch
Top BI and Big Data Company in Ukraine 2023 by Clutch
Most reviewed BI & Big Data Company in Poland by the Manifest
Top Big Data Analytics Company by GoodFirms
Top Software Development Company by GoodFirms
Top Artificial Intelligence Company by GoodFirms
Top AI Development Company 2024 by Tech Reviewer
Top Big Data Analytics Company in Ukraine by Designrush
Top IT Consulting Company by AppFutura
Top Software Development Company by SuperbCompanies
Contact Us
Ready to boost your efficiency and improve customer satisfaction? Under the guidance of Intelliarts specialists, create custom insurance software solutions and make advanced technologies a growth driver.
Share your business challenge — and we’ll get back to you with an efficient solution.
FAQ
Which technologies do Intelliarts use for custom insurance software development?
At Intelliarts, we’re not tied to specific technologies. Instead, we choose the best fit for each project. With 40% of our team being senior-level engineers, we’re equipped to work across a wide range of tech stacks to deliver greater value.
How long does it take to develop insurance software?
It largely depends on the scale and scope of the project, as well as the budget involved. On average, a data project takes from 3 to 6 months, plus you’ll need extra 4-6 months for insurance app development. Make it 9+ months for a more complicated enterprise-level project, which may include features like policy administration, underwriting automation, or AI modeling.
What steps are involved in the insurance software development process?
The insurance software development process doesn’t really differ from the standard software development life cycle. Its main steps include discovery, design, development, testing and quality assurance, deployment, and maintenance. AI-based software also has stages of data collection and preparation along with modeling before implementation.