OUR SERVICES
Insurance Software Development Services
Custom Insurance
Solutions Development
Insurtech
Consulting
Maintenance of Legacy
Insurance Systems
10+ 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 industry 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.
Insurance Software DevelopmentPartner 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.
COMPANIES WE WORK WITH
Technology Partner for Insurance Sector
1
Insurance Carriers
- Customer portals
- Policies & claims management
- Agents management solutions
2
Insurance Agencies
- Insurance exchanges
- Quotes management systems
- Commission management
3
Affiliate Partners
- Underwriting solutions
- Claims intelligence
- Benefits administration
CUSTOM INSURANCE SOLUTIONS
Connecting the Digital Dots for Insurance
Policy Management
Analytics Platforms
Underwriting Solutions
Claims Management
Fraud Prevention
Investment Management
Let’s Discuss Your Challenges and Goals!
INSURANCE CHALLENGES
What Really Matters in Insurance
DigitalInnovation
- Upgrading legacy systems
- Automating processes
- Creating new product lines
UniqueUser Experience
- Digital channel capabilities
- Personalised products
- Omnichannel distribution
Securityand Compliance
- Tracking new requirements
- Diversifying tech risks
- Cybersecurity
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.
Looking for Ways toGrow Insurance Business with Tech?
Why Velvetech
10+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.
We assist insurance companies with both development of custom platforms and upgrade of legacy insurance systems 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
Our Expertise
Vertical Solutions Delivery for Insurance
Sales & MarketingAutomation
Legacy SystemsUpgrade
Business ProcessesOptimization
DocumentManagement
CustomIntegrations
MobileApplications
Our partners
Who Makes Us Stronger
case studies
Dealer Platform for Small Business Insurance
Velvetech has assisted Insureon with introducing innovative solutions, such as text and speech recognition and analysis. We also completely rebuilt their in-house system to support automated workflows.
Read Nowcase studies
Insurance Claims Management for Supply Chain Industry
Velvetech designs IoT and Telematics solutions to monitor temperature and capture geolocation data for Insurance. These solutions help perishable food shippers, carriers, and receivers comply with all temperature monitoring requirements.
Read Nowcase studies
Insurance Verification
We have proved our excellence in insurance by developing medical insurance verification software. The solution automatically verifies patient insurance and coverage for the provided medical services.
case studies
Property and Casualty Insurance Software
Velvetech designs solutions to collect personal safety incident data and claims management for bodily injury and property damage. One of the most striking examples was a product suite where we created an emergency center monitoring cloud and a mobile app connected with a wearable personal safety device.
case studies
Modernization of Core Insurance Platforms
Velvetech was responsible for rewriting major blocks of a legacy insurance platform to enable support of a modern architecture paradigm, which in turn provides more stable operation of the whole solution.
Testimonials
What Our Clients Say
5
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
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