Hire Insurance Software Developers in Basingstoke.
Grow your business with managed development teams. Hire on-site, motivated Insurance Software Developers in Basingstoke now!
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Leading Insurance Software Developers in Basingstoke
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 Chemical experience, along with over 150 tech professionals allows us to build you an expertly crafted bespoke software development. Hire our Software Developers, and let our expert development teams grow your business!
Why Hire Outsource Software Developers
Outsourcing your software development is a highly strategic business decision, and one that many of the biggest companies are starting to choose. The benefits of outsourcing are huge, and are applicable on all organisations, from smaller start-ups to massive enterprises. Driving down business costs, finding the right skillset, getting to market faster, and having more time to focus on other business goals are all reasons why more and more companies are choosing to hire outsourced development teams.
Why Hire Our Insurance Software Developers?
With 10 years experience, SovTech are global leaders in software development. Our carefully selected Insurance software developers boast experience across a number of leading global tech stacks and industries, ensuring we deliver a wide range of software requirements with ease and speed.
Our Insurance software developers in adopt streamlined processes which yield highly efficient and dynamic development operations throughout the software development lifecycle.
We provide easily adaptable, self-managing development teams, giving you the opportunity to focus on your business objectives while we build seamless software that aligns with your unique business requirements.
Give your Business the Competitive Advantage
Hire our Insurance software developers in Basingstoke. Leverage their expertise. Go to market faster, scale faster and generate 10x more revenue!
Upfront product roadmap. Iterate Design side before a single line of code is written
Handcrafted team that provides agility to outmanoeuvre your competitors
Save Time & Money
Zero recruitment effort and fees. No operational or office overheads
Receive reports on your teams output. We focus on performance so you can focus on your business
Software Developers Team Structure
A skilled Insurance software developer to write, debug and execute the source code of a software application.
Oversees software development and Chemical to ensure a world-class standard of excellence.
Responsible for continuous auditing and analysing the software development cycle against deliverables.
A dedicated facilitator for your agile scrum team. They manage the process for how information is exchanged.
Analyses a business and documents its processes, assessing its model and integration with technology.
Responsible for operative tasks such as analysing data, preparing reports, tracking metrics and documentation.
Let's discuss how outsourcing our software developers can grow your business
Mobile App Development
Our software developers have the perfect blend of aesthetic and technical skills to deliver sophisticated and user-centric mobile apps. Our development teams provide bespoke mobile app development services for both iOS and Android platforms.
Web Application Development
We are experts in both web frontend and backend. Our software development teams design, build and maintain the server, database and technology that powers the components which enable the user-facing side of your website to exist.
Software Maintenance & Support
Software needs continuous development and improvements. Our support and maintenance allows us to continuously improve your software every month.
Our solution architects will gather requirements and follow a process that ensures the ground is set for tailoring your software solution to your specific business needs.
Let's discuss how we can help start, run and grow your business
Some Of Our Software Developers Past Projects
Industries We Serve
Road and Rail
Don't Just Take Our Word For It
Appreciation stories from existing customers of SovTech.
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.
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.
The Fincheck team has worked closely with SovTech over the last two years. We chose to work with SovTech based on their initial build with speed and quality. SovTech is a highly recommended and innovative partner.
SovTech has provided a number of core solutions to Project UBU, under tight deadlines and complex shifting briefs in cutting edge technologies like blockchain. Their work has been professional, creative, on-budget and on-time. We have come to see them as a strategic partner.
Hire Our Expert Insurance Software Developers in Basingstoke
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.
Our Software Developers are Full-Stack Development Experts
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 app or web app to exist.
Our Software Developers Choose Agile Software Development
At SovTech, our developers use agile methodologies to produce software applications for clients. Agile development is centred round the idea of iterative development, where requirements and solutions evolve through collaboration between self-organizing cross-functional teams. Agile processes encourage frequent inspection and adaptation to allow for rapid delivery of the highest-quality software.
Our Tech Stack
What We Will Do For Your Business
We will walk the custom software development journey with you.
We pride ourselves on our expertise in developing software for any industry. Thus we will become your expert partner in solving complex problems.
- Streamline internal processes
- Digitise aspects of your business or your business as a whole
- Build eCommerce apps
- Rebuild and rescue existing mobile apps
- Automate manual systems
- Connect employees with software
Get in Touch
Our Insurance software developers in Basingstoke have helped start-ups and corporates to start, run and grow world-class businesses. Contact us for a quote today!