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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.
Web Application for Legal Document Review and Production in the USA

Our new web app streamlines the process of document review, indexing, and categorization, making life easier for legal professionals. Say goodbye to time-consuming tasks!

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Customizable Website Hosting Platform for Insurance Agents

Managing Insurance Agents Made Simple! Discover how our admin portal streamlines agent management for our client's B2B insurance platform.

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Data Analytics Platform for Companies Operating on the Nigerian Financial Market

Our latest project in the fintech domain transformed financial management in Nigeria! Discover how we tackled challenges and delivered a game-changing solution.

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Software for Processing and Management of Securities for a Global FinTech Company

Corporate Actions Processing solution had to provide complete, end-to-end management of the corporate actions lifecycle covering a wide range of different processing phases for an event.

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Update of Uk-Based Crypto Digital Bank

Elinext team updated a UK-based crypto digital bank. Check it out!

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Donation Management System for Non-Profit Organizations in the USA

In this case study, we show how to create a platform made to connect charities and their donors. Check it out!

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Global Invoice Factoring Software for a British Company

Elinext helped a British startup build a factoring application connecting resellers and producers around the globe.

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Financial Management System Upgrade for a German FinTech Company

Elinext collaborates with financial services providers in Germany to revolutionize their financial management systems. Learn how we helped a client upgrade their accounting module, introducing functionalities like asset management, calculation of depreciation, flexible reporting, and more.

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Cash Management of Corporate Actions

Elinext empowered a leading bank solution provider with an upgraded system featuring advanced functionalities like Multiple Manual Adjustments, On-demand Sweeps, Statements Dashboard & more!

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Cash and Liquidity Management App for Banks and Financial Institutes

Elinext helped a British fintech build software allowing banks to manage cash and liquidity effectively.

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Contact Us
Contact Us