YEARS OF INNOVATION
Velvetech is proud to power front-runners of the insurance industry by assisting them with cost-efficient software development services. From startups to enterprises, we are part of the ongoing Insurtech revolution.
It excites us to watch and drive the momentum in such a well-established sector as insurance, with lots of legacy software products and tremendous potential for innovation. We can help you run a successful insurance business by deploying modern technologies that will last for years.
End-to-End Insurance Technology Development Services
Custom Insurance Solutions Development
Velvetech delivers a range of custom insurance software solutions that solve your unique business challenges and propel the company forward.
Insurtech Consulting and Strategy
Our specialists can guide you on your software acquisition journey and help choose the optimal iInsurtech tools for lasting business growth.
Web and Mobile App Development
Our insurance application development expertise includes the delivery of custom web and mobile applications that offer digital-first experiences.
Legacy Insurtech Modernization
We work to maintain and modernize your existing legacy software so that you can benefit from new technologies and higher productivity levels.
Systems Integration
We will connect scattered parts of your insurance ecosystem to ensure a seamless flow of data and enable smooth, effective operations.
Cloud Migration
If your systems lack scalability, fail to support uninterrupted access to data, or drain your resources, our team can help you migrate to the cloud.
Today, key features of insurance management software include:
• policy administration
• automated underwriting
• claims management
• billing and payments
• CRM functionality
• document and workflow automation
• analytics dashboards
• regulatory compliance tools.
All of them connect policy, claims, and customer data into a cohesive solution designed to improve accuracy, speed, and transparency across operations.
Connecting the Digital Dots for Insurance
Policy Management
Automate policy creation, renewal, and tracking with the technology tailored to your business scenario and goals. Deliver faster service, reduce errors, and enhance customer satisfaction.
Analytics Platform
Design of analytics software and its integration with your insurance systems allows for real-time insights and AI-driven dashboards that support your operations and take them to the next level.
Underwriting Solutions
Accurate risk assessment and pricing are one of the key factors for a successful insurance business, making data automation and predictive modeling invaluable tools for effective underwriting.
Claims Management
Claim management is a complex process involving submission, evaluation, and settlement, which today can be easily streamlined through automated workflows that improve transparency and turnaround time.
Fraud Prevention
Leave behind insecure data and compromised operations with fraud detection solutions that identify suspicious patterns with AI-powered algorithms and data validation tools, protecting your business and customers.
Investment Management
Modern investment technology helps insurance companies monitor asset performance and manage portfolios while balancing profitability, liquidity, and compliance. With data-driven tools, you always have a clear picture.
Agency Management Systems
Leverage our expertise as a provider of software solutions for insurance agencies to simplify your operations with centralized tools for tracking performance, commissions, and client interactions.
Insurance CRMs
An insurance CRM is about managing relationships in the context of policies, compliance, and risk. Bridge customer engagement with operational efficiency, delivering personalized service while staying fully compliant and data-informed.
Apps to Binding Policy
Embrace end-to-end digital tools that automate and streamline the entire insurance policy lifecycle: application, quote, underwriting, approval, and binding — all in a single digital flow, fast and paperless.
Customer and Partner Portals
Accessing policies, tracking claims, collaborating securely, and much more become available with a connected ecosystem for your clients, partners, or brokers. Create a solution that will keep everyone on the same page.
Billing and Payment Solutions
The insurance field involves a lot of payment processing and billing, and it’s hard to do without technology that helps streamline premium collection and payouts and support flexible and secure payment options.
Let’s discuss your challenges and goals!
Technology Partner for the Insurance Sector
1
Insurance Carriers
- Customer portals
- Agents management
- Policies & claims management
2
Insurance Agencies
- Insurance exchanges
- Quotes management
- Commission management
3
Affiliate Partners
- Underwriting solutions
- Claims intelligence
- Benefits administration
4
Insurance Brokerages
- Agency management
- Quoting and rating
- Customer relationship management
Insurance Software Development Partner for #1 Insurtech Company
How Digital Innovation Powers Insurance 2.0
Ted Devine, the CEO of Insureon, named Inc. 500’s #1 fastest growing insurance company, shares his success story about partnering with Velvetech to leapfrog the competition.
What Really Matters in Insurance
Digital Innovation
- Upgrading legacy systems
- Automating processes
- Creating new product lines
Unique User Experience
- Digital channel capabilities
- Personalised products
- Omnichannel distribution
Security and Compliance
- Tracking new requirements
- Diversifying tech risks
- Cybersecurity
New Business
- Effective use of data analytics
- Consistent marketing & sales strategies
- Continuous learning and adaptation to market changes
Retention
- Customer satisfaction
- Transparency and trust
- Accessibility and inclusion for all customers
New Products
- Flexibility in coverage options
- Competitive pricing and value
- Product diversity and customization
Seize new opportunities with our team of tech experts!
Streamline Workflows with the Right AMS
Focus on Your Clients with a Suitable Insurance CRM
Compared to commercial solutions, custom-built insurance software is tailored to your specific needs, eliminating the need to pay for unnecessary features while automating manual processes and integrating siloed systems unique to your business. Such software reduces paperwork, accelerates policy and claims processing, and enables data-driven decision-making. All of that naturally lowers administrative expenses and frees up resources for growth and innovation.
Vertical Solutions Delivery for Insurance
Sales & Marketing Automation
Velvetech’s services include customization, implementation, and integration of CRM platforms tailored to the sales and marketing teams from the insurance industry.
Business Processes Optimization
ERP and BPM software developed and customized by Velvetech ensures effective and uninterrupted operations of the insurance business.
Document Management
Implementation of document management systems for insurance workflows & operations, including scanning, e-signing, approvals, storage, and retrieval.
Regulatory Compliance
Staying compliant with industry standards is easy with our software development services, whether you’re in health, life, property, or other insurance field.
Communication and Collaboration
With contact center solutions and unified communication tools, you can elevate customer experience and boost your teams’ productivity.
Knowledge Management
Our team is here to help you empower your staff with a centralized system for smooth onboarding, continuous learning, and knowledge sharing.
How to Onboard an External Team
Want to learn how to effectively expand your team and smoothly integrate an external one to accelerate your project?
Watch our webinar to unveil the tricks of onboarding a tech partner and incorporating it into the process to foster your product delivery.
Start your insurtech project with us today!
Dealer Platform for Small Business Insurance
Insurance Claims Management for Supply Chain Industry
Cloud Migration for an Auto Insurer
An auto insurance company was looking to migrate its web application from Microsoft Azure to Amazon Web Services. We seamlessly carried out the infrastructure migration, allowing the Client to be more self-sufficient and ready to capitalize on all the latest technologies.
20+ Years in Insurance Software
Velvetech has been an active player in the insurance software development market since 2008, building custom solutions for the industry innovators.
As a trusted software vendor, we assist insurance companies with both the upgrade of legacy systems and the development of custom platforms and applications to address technology-driven changes in the marketplace.
Who Makes Us Stronger
The cost of insurtech development services largely depends on the type of app you need to build, mobile or web, its features, integrations, user roles, and compliance requirements. It may start around $50,000-$80,000 for a small project, exceeding $250,000-$500,000 for a large enterprise platform with multiple modules and integrations. Partnering with an experienced tech company helps optimize costs through phased delivery and scalable architecture.
Pioneering Insurance with Emerging Tech
Blockchain
A distributed ledger can take counter-fraud to a whole new level and power the cases of data and monetary interchange.
Machine Learning and AI
The intelligent analytics solutions powered by ML and AI enable insurers to generate and act upon meaningful risk insights.
IoT and Telematics
Internet of Things and ubiquitous connectivity facilitate the pre-emption of claim events and ensure timely damage limitation.
Chatbots and Robo-Advisors
Chatbots and guided conversations can provide insurance knowledge and advice to policyholders anytime, anywhere.
Big Data
Big data in combination with smart data strategies allows insurances to make decisions based on models and evidence.
Mobility
Mobile solutions enhance the productivity of remote insurance agents and offer a unique user experience for the insured.
NLP
Natural Language Processing in insurance is leveraged for analysis of reports and claims as well as the screening of client and regulatory documents.
BI and Data Analytics
Both business intelligence and data analytics help insurers gain customer insights, manage risks, and centralize siloed data.
Looking for ways to grow your insurance business with tech?
Best Practices for a Software Project Health Check
Explore the actionable techniques to keep your project on track and ensure it progresses in alignment with goals and high-quality standards.
Tap into the practical knowledge that our Product Owner shares so you can benefit from effective tech product delivery.
Who Makes Us Stronger
Typically, for the backend part of insurance solutions, Java, .NET, Python, or Node.js fit well. Front-end interfaces are often built with React, Angular, or Vue.js. Databases like PostgreSQL, MySQL, and MongoDB handle data storage, while cloud platforms such as AWS, Azure, or Google Cloud ensure scalability and security. To enhance automation, analytics, and fraud prevention, companies leverage AI, machine learning, blockchain, and API-based integrations.
Gaining Control of Contact Center Performance
What if every customer could deal with your single most effective sales and service person?
Watch the webinar to discover how insurance companies turn insights into results and elevate productivity across marketing, sales, and service teams.
