Insurance companies, your time to shine has finally arrived! We’ve worked day and night to analayze the pain points of your niche and came up with a perfect range of InsurTech product development services to address them.
Engineering of insurance portals
Build an insurance portal to provide your workers and clients with personalized data derived from a number of sources.
InsurTech web app engineering
Insurance software development is not only about heavy systems, but also about smart apps working right inside a browser.
Insurance automation software development
Transform the way you work with cutting-edge algorithms to replace the manual labor and add precision to your data.
Insurance mobile app development
Invest in an iOS, Android, or a cross-platform app to reap the profits from clients ecstatic about the ideal UX/UI.
Insurance software AI integration
It’s high time to leverage the whole scope of AI technologies for automation, optimization, and personalization of the data flow.
Legacy InsurTech software refactoring
Clear your business from the dust of legacy software. Let it find a new lease on life by updating its parts or a full re-build.
Revolutionizing Personal Financial Management Apps: ComFi
We created a groundbreaking personal financial management app that is poised to redefine how individuals and small businesses manage their finances online.
Digitalization in the Insurance Domain: Insly
Fively engineers created a robust platform that enhanced digitalization in the insurance domain for more than 60 countries and 1000 daily users.
B2B Insurance Claims Automation
We have developed an insurance claims automation solution, which robotically validates 80% of all insurance claims with no human involvement.
B2B Blockchain Platform Engineering: BloXmove
The team of business analysts and engineers from Fively participated in the creation of a B2B blockchain powered platform for mobility providers.
Financial Management Accounting System Development
A developed from a scratch financial management accounting system that automated the business owners’ workflow by 70% and helped CEOs make data-driven strategic decisions.
HR Compensation Software Development
Our engineers developed modern HR compensation software that automates HR surveys, speeds up calculations, and provides real-time data reports and visualizations.
Insurance Workflow Automation Solution
Fively developed an insurance workflow automation solution that combines all steps from purchasing a policy to filing a claim and makes it a 5-minute procedure.
Fively impresses with the excellent outcomes they achieve with service-minded attitude they maintain.
David J Roman
Founder at SpiritVen
They did a wonderful job!
Charles Chase
Founder at ComFi
Diligent project managers and the team will go the extra mile when you need them to.
Ben M. Argeband
CEO at SaaS Company
They have their heads in the game, and they care about the project rather than finishing it as quickly as possible.
Kasper Fogh
CTO at Uniqkey
Whenever we need more resources or help, we got very good results from their management.
Mart Espenberg
CTO at Insly
We see them as partners who help us meet our goals rather than just contractors.
Bruno Monteiro
VP of Engineering at Avi Medical GmbH
I was most impressed with their communication.
Darren Pierce
CEO at MessageBuy
They were highly professional people while also being extremely friendly.
Rune Nielsen
Co-Founder at Volt ApS
Being an award-winning top B2B company, we develop state-of-the-art custom software solutions for insurance companies.
Your new insurance software solution will embody the pioneering spirit of innovation and agility enabling you to easily overcome the old issues, and inhibit the new ones from happening.
Security
Experts predict a 40% rise in cyberattacks on business software with an average level of security. We go beyond the ordinary and protect your software from every facet.
Cost reduction
Artificial Intelligence alone can reduce up to 70% of business costs by enhancing workers’ productivity. Think how much can be saved with other cutting-edge technology.
Convenience
Modern UX/UI and the flexibility of insurance software solutions will morph burdensome red tape into an engaging job and deliver clients flawless experience.
Efficiency
Custom insurance software development involves the implementation of only the tools and features your workflow demands to ensure optimal effectiveness.
Fively molds every custom InsurTech tool according to the business needs, workflow, and desired productivity of your team members. Assemble your new software with any set of features or employ one of our solutions.
Claims management software
Keep track of the whole lifecycle of an insurance claim and make sure every detail is analyzed and recorded at a single base.
Insurance paperflow automation apps
Automate claim processing, regulatory compliance reports and notifications, underwriting, and other document-intensive tasks.
Fraud prevention software solutions
Clients’ trust is the foundation of InsurTech. We ensure the protection of sensitive data with blockchain and other innovative tools.
Insurance data analytics tools
Enhance your marketing and offer the best insurance contracts by estimating risks and analyzing data insights from various sources.
Virtual assistants (chatbots)
Reduce your customer support team by adding a smart AI chatbot that will assist a client throughout their insurance journey.
Insurance agency management systems (AMS)
AMS will invigorate every business process: personalized customer journey creation, sales automation, in-depth analytics, etc.
We’ve been exploring the depths of computer science and polishing so many projects to be ready for this exact moment—the moment you decide to address Fively. Schedule a call to learn what tech stack will be perfect for your software!
Backend
Frontend
Cloud
Database
AI and ML
Fively never confines a project to the prison of standards and imbues your software with any desired functionality, as insurance software development demands a knowledgeable approach to make it nimble and optimized.
Multi-factor authentication
One feeble password for protection? Already a relic of the past! Let biometrics and phone numbers protect your clients info.
Customizable dashboards
Track the performance of your team, insurance claim metrics, the average time to settle a claim, or last month’s customer stats.
Reports generation
Receive reports about the financial performance of your workers, impending deadlines, and the regulatory compliance status.
Risk analysis and calculation
Make informed underwriting decisions, set premiums, determine coverage limits, and forecast trends based on a profound risk analysis.
Claims processing
Reduce claim processing time and improve customer service by automating the data collection, assessment, and resolution stages.
Automated quoting
Integrated with your data base and CRM, automatic generation of quotes is not only about speed but also accuracy and consistency.
3rd party integrations
System integration and APIs allow you to plug in the larger information sources and hence have the most sophisticated analytics.
One feeble password for protection? Already a relic of the past! Let biometrics and phone numbers protect your clients info.
Track the performance of your team, insurance claim metrics, the average time to settle a claim, or last month’s customer stats.
Receive reports about the financial performance of your workers, impending deadlines, and the regulatory compliance status.
Make informed underwriting decisions, set premiums, determine coverage limits, and forecast trends based on a profound risk analysis.
Reduce claim processing time and improve customer service by automating the data collection, assessment, and resolution stages.
Integrated with your data base and CRM, automatic generation of quotes is not only about speed but also accuracy and consistency.
System integration and APIs allow you to plug in the larger information sources and hence have the most sophisticated analytics.
Allow us to introduce our friends, AI and ML, who are at the forefront of robust InsurTech development. They’re to be held accountable for Automation and SI and a myriad of other wonderful business opportunities.
Consistency matters when it comes to custom insurance software development. Together with you, we will diligently follow the four main steps to provide you with the highest level of transparency and trust in our work.
01
Business analysis
We discuss what, when, and how you need your insurance software solution to work and whether we should start with MVP development.
02
UX/UI design
At this crucial step, we go all out to develop the UX/UI that will attract clients and resolve every pertinent business problem.
03
Software engineering
Once the looks are good and we’re sure the project will become your business’s silver bullet, we proceed with the code.
04
Quality assurance
The finishing touches here: we make sure your code is truly flawless and you don’t lose clients to bugs and inconsistencies.
We’re not big fans of huge screeds, so we present you with sheer numbers that show why working with Fively will become a game changer for your enterprise.
5+ Years
in the insurance business
And we’re still full of enthusiasm, ready to embrace new technology, and tackle challenging projects.
100+
experienced engineers
Our team keeps expanding with knowledgeable designers, project managers, and QA experts.
~85%
are senior specialists
We value experience and deep expertise because our main priority is the delivery of impeccable software.
50+
successful projects
So many companies entrusted us with the key to their success—business software development—and we've delivered for them.
Fively is a custom software development company, that has been gaining recognition throughout its existence.
Let's have a call and discuss your custom solution.
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InsurTech (insurance + technology) is a relatively new term used to describe the whole scope of technology used for the insurance industry. It’s believed that the industry has been longing for technological advancement for so long that now its every facet is, or at least should be, permeated with innovation.
For example, InsurTech in life insurance includes collecting information from wearables and IoT devices. Auto insurers will benefit from geolocation and GPS trackers. Basically, InsurTech embraces every tool that helps to calculate the risks and tailor policies for a particular person.
Before, insurers used to generalize insurance plans to sell them to a broad range of customers. Enhancing insurance with InsurTech can greatly boost sales and the overall performance of a whole industry by designating an insurance price individually to a person.
AI here is actively leveraged for predictive analysis, risk assessment, and processing tons of data. Speaking of the latter, another huge problem in the insurance industry is the loads of paperwork and monotony that would drain workers. Today, AI allows to automate every repetitive task and even provides clients with a carefully calculated quota within seconds—all without human involvement.
Every business has its own unique reasons for bottlenecks and decreases in productivity. Therefore, only a thorough analysis of your problems can reveal the tool or set of tools that will be most beneficial for your business specifically. Here are a few examples:
Sure! Basically, cloud app development means running and storing an app, a platform, or a whole CRM on the cloud. The only thing you need to access your software is the internet. Cloud technology implementation can become a great solution for an insurance company because it allows for the following:
Fively provides a wide range of services to insurance businesses all around the world. Take a look at what we can do for you:
The list is far from exhaustive. That’s why feel free to contact us and explore the whole scope of services and solutions we can provide for your business.
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