Insurance Software Development
Expert software development for your Insurance business
TRUSTED BY LEADING COMPANIES
Leading Insurance Software Development in Burnley.
Let Us Grow Your Insurance Business!
SovTech is an award-winning custom software development company that offers end-to-end development of enterprise software, uniquely tailored to your industry. Our 10 years of Insurance experience, along with over 150 tech professionals allows us to build you an expertly crafted piece of custom software. As leaders in Insurance Software Development in Burnley, we develop custom software that has helped our Insurance clients to start, run and grow world-class businesses. Let us do the same for your Insurance Business!
Why Should You Digitise Your Insurance Business?
The era of digital transformation has already come to an end. We’re no longer at a transitional stage. We have reached the point where most businesses are already digitised. Business owners have realised that by introducing technology into their processes, they can easily reach the right target audience, market their products faster, and offer a significantly improved user experience. Digitisation is integrated into every aspect of businesses and provokes positive fundamental changes in how companies operate, and how they deliver value to their customers. If you haven’t already, now is the time to digitise and to grow your Insurance business! Contact us for world-class custom Insurance Software Development in Burnley.
We have the perfect blend of aesthetic and technical skills to deliver sophisticated and user-centric mobile apps. Our app developers provide bespoke android app development and iOS mobile app development services.
We are a web development company with expertise in both web frontend and backend. We design, build and maintain the server, database and technology that powers the components which enable the user-facing side of your website to exist.
Some Of Our Expertly Built Software Developments
Why Choose SovTech For Your
Insurance Software Development in Burnley?
With 10 years of experience, SovTech is a global leader in Insurance software development in Burnley.
We are experts in custom software development. We boast a brilliant team of elite software developers, designers and engineers, and are proud of the awards we have to show for it. We proudly exist in 5 global offices.
At SovTech, we are proud of the work we do. We love all things software development, and believe that our genuine passion is clear in our work.
We always strive for greatness and thus, spend time polishing every detail of your custom software development until it is flawless and inline with our standards of perfection. We are leaders in Insurance Software Development in Burnley.
We know that your bespoke software is a reflection of your business, and that your users should be at the forefront of the development process.
We focus on your customer’s needs first, and this ensures that what we create works. If you choose to get your Insurance Software Development in Burnley done with us, you can rest assured that your custom software will beat the competition!
Insurance Software Development in Burnley
For Any Business
Small businesses require scalable software solutions in order to expand their market. We provide excellent Insurance software development in Burnley to our clients for the ultimate scalability of their SMEs and bootstrapped startups. We rapidly create bespoke software for funded start-ups. Whether you are looking to launch your software as a product or to add a new digital channel to your existing customer experience, SovTech is your trusted industry expert in Insurance software development in Burnley.
We create high-quality bespoke software to match your company's needs. We understand your requirements, allowing us to further strengthen your business. SovTech ensures that your custom software is authentic and solves complex business problems. We commit to business consultations, architecture design, a thorough quality assurance process, and maintenance. Our software developments have helped Blue chip clients from all over the world to achieve their business goals.
Our Insurance Software Development in Burnley
Our software developers pay special attention to detail when it comes to the development of any software project, where we consider and analyse everything we think is important. This ensures that we get things done on time and within budget.
Our app developers value optimised images while creating apps for internet users. Specifically sized images enhance the user experience. The UI elements should be easy for the user to tap on and menus should have options that are easy to find for the convenience of the user.
For both Android and iOS devices, numerous screen sizes are available. Our apps are compatible with the designated screen size, resolutions, and forms. Our Android app development and iOS app development teams make sure that your mobile app development is perfectly executed.
For both Android and iOS devices, numerous screen sizes are available. Our apps are compatible with the designated screen size, resolutions, and forms.
High-performing mobile apps are of utmost importance to SovTech. Our software maintenance teams maintain your application so that the user experience is always considered and never compromised.
Our Tech Stack
We Speak These Languages
Insurance Software Development in Burnley With SovTech
Burnley is a market town in Lancashire, England, that was recently identified, by Tech Nation, as one of the UK’s top towns for the growth of its digital technology sector. Burnley has a large number of businesses at the forefront of the digital sector including the world-renowned AMS Neve who make digital sound desks for the film and music industry. Burnley Council Leader, Mark Townsend is not surprised that Burnley came 2nd in the UK last year for digital jobs growth, as they are embracing and focusing on the digital technology sector, which they know will have huge rewards for the town’s economy.
What is the Insurance Industry?
The insurance industry refers to a collection of companies that manage risk for individual health and property by promising to reimburse policyholders for losses in exchange for regular payments. The industry is divided into three distinct segments: life insurance, health insurance, and liability insurance. Each operates on similar principles, but protects policyholders for very different reasons. There are two main types of ownership in the insurance industry.
How Technology is Affecting the Insurance Industry?
Customer service had long been the achilles heel of the insurance industry until social media came along. Social media has revolutionised the customer service landscape, allowing companies to communicate and solve customer issues faster than ever before. Most consumers who tweet a complaint to a company expect a response within the hour. This allows insurers to stay more in touch with their customers, which leads to closer relationships between agents and consumers.
Technology Trends Shaping The Insurance Industry
The Internet of Things is a concept that assumes that all devices will be able to communicate with each other through an Internet connection. According to Gartner’s analysis, in 2020, the total number of such devices is expected to reach 20.4 billion.
Insurance providers can start using the IoT devices that have been already installed in cars, homes or smartwatches and other so-called wearables. The challenge remains to learn what data to collect and analyse and then how to use it. This is one of the areas where insurers should try to create new ecosystems or join existing ones. To give you an example, one of the oldest North American life insurers, John Hancock, replaced its traditional offer with interactive life insurance that uses data coming from wearables to reward those clients that make healthier choices regarding physical activity and nutrition. Such a service is offered at no additional cost, and it gives its clients access to professional fitness and nutritional resources and sets personalised health goals.
Insurance providers should treat cybersecurity as both a threat and an opportunity. It’s risky because they store a massive amount of sensitive data about their clients and especially during systems upgrade or switching to cloud services, insurers should pay particular attention to data security.
On the other hand, the increasing usage of digital services by both companies and private individuals means that they need to be protected against possible losses which can be an opportunity for insurers. Juniper Research estimates that in 2019, there will be over $2 trillion losses caused by cyberattacks. In addition to providing the insurance policies, it’s possible to create a system of services covering the entire value chain: diagnostics and support in the event of an attack. At least some Insurtech companies are well aware of that. For example, Coalition offers insurance coverage for network breaches, employees’ data and password breach, ransomware, privacy liability, business interruption, fines, etc. In addition, their clients also get cybersecurity tools. In case of an incident, they offer professional support during and after it.
The currently used methods of calculating the risks usually take into account metric data, not real consumer behaviour and activities. Most insurers don’t measure all the data about their clients that is currently available. In addition, according to the World Insurance Report, 37% of customers are willing to share additional data in exchange for a personalised offer and better protection. What is more, 55% of them are able to pay extra for risk-prevention services.
The use of available data affects the possibility of personalization of products on a massive scale. For example, someone who is chronically ill but has a healthy lifestyle may be at lower risk than a person who does not engage in any physical activity or drives a car dangerously. Insurers who make the most of the new data will be able to better respond to customer expectations and better estimate risk.
Although so far, we’ve mostly focused on customer relationships, optimising internal processes is also very important. Without this, it’s impossible to provide customers with seamless user experience and achieve short time-to-market (TTM). To achieve this, incumbents need to start with modernising legacy systems by implementing APIs and microservices architecture. It will allow all their services to be connected and to work around transactional legacy systems.
Digitalization is not only about using new technologies and bragging about being the first. It’s a process that requires vision, experimenting, continuous development and the right leaders. We’ve already covered this topic in the article about why digital transformation programs fail. It’s particularly valid in the insurance as they need to change the focus from the product to customers and customer experience. Although according to McKinsey’s report ‘The Making of a Digital Insurer’, some experts are afraid that the legacy systems companies use can be an obstacle towards digitalization, in fact, insurers are able to recreate some processes without making huge changes in the systems’ architecture.
Full-Stack Software Development
At SovTech, we are experts at full-stack software development. Full-stack software development is the development of both client-side and server-side of a software application. It combines both front-end and back-end development, producing the web face for users, as well as the server, database and technology that powers the components which enable the user-facing side of your website to exist. We are experts in full-stack Insurance software development in Burnley.
Agile Software Development
At SovTech, our software developers use agile development methodologies to produce software applications for clients. This process is centred round the idea of iterative development, where requirements and solutions evolve through collaboration between self-organizing cross-functional teams. Agile processes promote frequent inspection and adaptation, and is intended to allow for rapid delivery of high-quality software.
Agile vs Waterfall Software Development
Waterfall is a Linear Sequential Lifecycle Model whereas The Agile Methodology is a continuous iteration of development and testing in the software development process. Agile allows changes in project development requirement whereas Waterfall has no scope of changing the requirements once the project development starts.
Web Apps vs Mobile Apps
The difference between these two types of applications is that web apps require an active internet connection in order to function, whereas mobile apps can be downloaded and can often function while offline.
What We Will Do For Your Business
SovTech will walk your custom software journey with you to ensure that you get only the best Insurance software development in Burnley.
We pride ourselves on our expertise in developing applications for any industry. We are here to become your expert partner in solving complex problems.
- Streamline internal processes.
- Digitise aspects of your business, or your business as a whole.
- Build your custom software development.
- Rebuild and rescue your existing developments.
- Automate manual systems.
- Maintain and scale your software.
- Connect employees with software.
Hear It From Our Clients
SovTech has been extremely efficient right from the start. The team is friendly, helpful and knowledgeable. I’ve been more than pleased with the service.
I have been very impressed with SovTech on a global level, having worked on many varied projects with dev teams around the world… The level of detail and design excellence they provided was very impressive. SovTech’s approach is one of professionalism, efficiency, expertise and deep consideration for each project.
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