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 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.
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.
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
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.
CUSTOM INSURANCE SOLUTIONS
Connecting the Digital Dots for Insurance
Policy Management
Analitics Platforms
Underwriting Solutions
Claims Management
Fraud prevention
Investment Management
Let’s Discuss Your Challenges and Goals!
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
AREAS OF INNOVATION
Pioneering Insurance with Emerging Tech
Looking for Ways to Grow 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.
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
Our Expertise
Vertical Solutions Delivery for Insurance
Sales & Marketing Automation
Legacy Systems Upgrade
Business Processes Optimization
Document Management
Custom Integrations
Mobile Applications
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
FAQ
Frequently Asked Questions
What Is Insurance Software?
Insurance software is the software built for insurance agencies, brokerages, and carriers to help them manage, optimize, and enhance daily operations, facilitate business processes, and improve performance. IT solutions support various types of insurance, such as health, vehicle, property, business, and life insurance.
Insurance applications could include a wide range of digital tools for both company and customer use. For example, insurance policy management software aims to streamline the core insurance operations, elevate underwriting processes, quotes, commissions, claims, and other workflows.
Another type of apps is created to advance the work of marketing, sales, and customer service teams. On top of that, companies enhance customer engagement and experience by providing clients with feature-rich customer portals.
What is InsurTech?
InsurTech refers to the combination of insurance, innovative technologies, and digital tools used to help insurance companies optimize the performance, improve customer experience, and leverage the potential of analytics. It usually incorporates the application of Artificial Intelligence, Machine Learning, Internet of Things, and Big Data to help businesses elevate efficiency and improve the bottom line.
How much time does custom insurance application development take?
The time required for software development varies depending on multiple factors. They include the complexity of the insurance software product or solution, project requirements, the scope of work, budget, and time frames.
In general, project duration can range from a couple of months to half a year and more. If you’re short of time, you can always start with an MVP version of a product that offers its benefits and invest in a full-fledged insurance software development solution later in the future.
How much does it cost to build a custom insurance solution?
In each particular case, custom-built insurance applications differ, and so the expenses do. The cost of creating new software for insurance companies largely depends on the app’s features and functionalities and can go up to $250,000 and more. To get a better idea of what range you may fall into, our team can provide you with project cost estimation based on your requirements.
What Is InsurTech Consulting?
InsurTech consulting is a type of IT service that helps insurance companies choose and implement innovative technologies and initiate software product development to achieve their business goals and gain a competitive advantage.
Providing consulting services for the insurance sector, Velvetech supports companies with a successful tactic to deliver tailored digital solutions. We help businesses make the right decisions on their digital strategy to expand their presence in the market, streamline operations, and increase efficiency.
In order to implement the digital strategy, Velvetech is ready to provide you with a managed team of experienced PM, business analyst, mobile, backend, and at least one senior full-stack developer, QA engineer, and DevOps.
LET’S TALK
Get in Touch with Us!
