Insurtech Software Solutions

Insurtech Software
Until recently, the insurance industry has been slow to adopt digital transformation in comparison to the other financial services branches because of a number of reasons that include complex entry requirements and regulatory hurdles.

But as some of the regulatory obstructions have disappeared, insurtechs have stepped in to take advantage of the new opportunity and remove friction between insurance providers and the end customer through technology. Thanks to insurtechs, the insurance industry can benefit from lower cost, better targeting and lower cost through the app implementation or become entirely digital.

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Insurance Value Chain Description

Our Expertise
/ 01.
Mobile
/ 02.
Internet of Things
/ 03.
Blockchain and Smart Contracts
/ 04.
AI and Machine Learning
Mobile

Despite the recent innovation, insurance businesses still underestimate the power of the mobile channel. The main factor of digital success is user experience which is impossible without the mobile-first approach to customers’ solutions:

  • Field service management
  • Claims management
  • Insurance underwriting
  • Microinsurance
  • Insurance on demand
  • Mobile telematics
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Internet of Things

IoT solutions have contributed much to effective claims triggering and handling process through enhanced connectedness and data-driven risk scoring. Elinext has adopted this new trend in a range of our projects and is ready to bring their expertise into the following domains:

  • Connected home and office: energy consumption tracking, consumer behavior analytics, drones surveillance
  • Connected health: telemedicine, wearables, access via the cloud
  • Connected cars (telematics): usage-based insurance, geospatial data gathering
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Blockchain and Smart Contracts

Blockchain has disrupted insurance industry to make it more autonomous, decentralized and protected through verifiability. Smart contracts allow you to build secure distributed applications for any kind of business using data-driven engineering logic. Our blockchain expertise covers some insurance processes:

  • On-demand or microinsurance through P2P solutions
  • End-to-end claims management
  • KYC & AML compliance
  • Fraud detection and prevention
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AI and Machine Learning

New data and enhanced AI-based analytics enable insurers to better estimate and comprehend risks and improve pricing policy and service interaction thanks to the following solutions:

  • Virtual assistants to insurance agents and policyholders
  • Predictive analytics for data modeling, rate making, and claim fraud detection
  • Robo-advisors / chatbots for personalized policy tailoring and cost saving
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Case studies
Case studies
Have a look at our AI-driven software solutions developed for clients operating within healthcare, retail, manufacturing and other industries.
Masternodes Investment Web Platform

Elinext was contacted by German cryptocurrency startup with a business challenge to build a platform that would allow users invest their funds into a pool of Masternodes.

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Hedge Accounting Software for US-based Risk Management Consultanting Agency

Our main task was to come up with an efficient and automated management solution helping to mitigate foreign currency risks.

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Advanced Insurance CRM system

CRM had to be able to import financial data (customers’ transactions, daily prices, CUSIPs, etc.) and use them for calculation of customers’ account balances, bank commissions, etc.

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BDO Financial App

The customer has requested to develop a mobile application on Android, that will use their REST webservice and will be integrated into their system. The application should parse external XML and display news from remote server.

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3-tier ERP and Payment Processing Solution

The project included the development of the ERP system for tracking transactions and objects related to them, client and administrative web applications + API for mobile platforms.

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Blockchain-Based System for Distributed Parliaments

The product represents a blockchain-based system for so-called “distributed parliaments” or other institutions which consist of independent members who come to a decision based on the transparent voting.

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Blockchain-Based Solution for a Metals Trading Business

Our engineers concentrated on providing a simple and secure interface for managing private trade agreements. Our clients wanted a solution that supports business logic flows by strengthening security and usability.

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Web Application for ICO Investments and Management

Our client wanted to provide its users with an opportunity to participate in their ICO campaign in a fast and convenient manner. The idea behind the solution wrapped around an efficient and automated web application with an extended admin panel allowing clients to easily manage their investments.

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Medical Practice and Billing Software

The project is a healthcare CRM for healthcare companies that empowers doctor practice, office automation and medical billing.

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Payment processing solution for restaurants

Our customer is a European startup in the field of payments for cafes and restaurants. Its solution represents a special tablet with a built-in system for accepting payments via credit cards, a corresponding application for this tablet, and an administration system for the venue itself

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Contact Us
Contact Us