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15+ 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.
OUR SERVICES
Insurance Software 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
Our specialists can guide you on your software acquisition journey and help choose the optimal Insurtech tools for lasting business growth.
Maintenance of Legacy Insurance Systems
We work to maintain and modernize your existing legacy software so that you can benefit from new technologies and higher productivity levels.
CUSTOM INSURANCE SOLUTIONS
Connecting the Digital Dots for Insurance
Policy Management
Analitics Platforms
Underwriting Solutions
Claims Management
Fraud Prevention
Investment Management
Agency Management Systems
Insurance CRMs
Apps to Binding Policy
Let’s Discuss Your Challenges and Goals!
COMPANIES WE WORK WITH
Technology Partner for 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.
INSURANCE CHALLENGES
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
Streamline Workflows with the Right AMS
Focus on Your Clients with a Suitable Insurance CRM
Our Expertise
Vertical Solutions Delivery for Insurance
Sales & Marketing Automation
Legacy Systems Upgrade
Business Processes Optimization
Document Management
Custom Integrations
Mobile Applications
ON-DEMAND WEBINAR
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.
AREAS OF INNOVATION
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 Insurance Business with Tech?
Why Velvetech
15+ 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 developer of tailored solutions, we assist insurance companies with both upgrade of legacy insurance software systems and development of custom platforms and applications to address technology-driven changes in the marketplace.
- Deep Industry Knowledge
- 3-day Proof of Concept
- Agile Methodology
- 1 Week to Ramp Up a Team
- Cross-Platform Coverage
LIVE WEBINAR
Transforming Business with GenAI-Infused Software
Join our webinar to uncover opportunities GenAI creates for business and learn how to integrate it into your processes for maximum benefit.
December 7, 2023
12 PM EST
Our partners
Who Makes Us Stronger
Testimonials
What Our Clients Say
We had to have a software development partner, largely because we did not have all the capabilities internally. But as we picked that, we had to have somebody that could work at our pace and our speed. And that is where Velvetech came in. They have been amazing in enhancing our team every step of the way, adding capability. And they really do feel like a part of Insureon.
CEO, Insureon
I just want to express how satisfied I am with the Velvetech team. As a prior DIO working with many offshore teams including teams I built and managed, the Velvetech team has been the most pleasant and easiest to work with. Everything from communication, documents, code quality, and understanding of our requirements has been top-notch.
Wellfit
Velvetech was recommended to us by a friend who had worked with them in the past. Wow did we get lucky! Since 2005, Velvetech has been solid as a rock for us in our various product launches, maintenance, and enhancements. Yuri and Velvetech have played a critical role in the success of our business, and we are thankful each day that we chose the right path!
ESGI, LLC
We didn’t have the resources in-house to accelerate our opportunities, and we would still not be to market if we hadn’t gone to a very capable outside contractor to help to accelerate our process. Velvetech were very articulate, polite and professional. We’re very pleased with our working relationship with Velvetech and hope they can be part of our operation into the foreseeable future.
IncreMedical, LLC
I’ve been working with Velvetech for about twelve years. I hired this firm to create some simple code for me, which grew into website development and our first mobile app. Velvetech is a one-stop shop for everything relating to the web… social media, mobile apps, websites. With their professionalism, expertise, and enthusiasm, Velvetech has grown to be an extension of my department. They’re always two steps ahead of me, which is invaluable.
Apache Corporation
ON-DEMAND WEBINAR
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.
LET’S TALK
Get in Touch with Us!
