Why go for custom insurance software development?
Insurance companies are faced with stiff competition from InsureTech startups, therefore they need to be like a startup and be more agile in their custom software development. Digital transformation involves rolling out digital offerings that empower customers and agents to transact more seamlessly and ensure the business is more scalable and sustainable.
What kinds of apps can I build?
There’s a myriad of custom apps that you can build with AI using Xamun. We can build software for various insurance industry processes, from smaller bespoke solutions like a Know Your Customer (KYC) app, or a full customer portal or an agent portal.
Agents’ Portal with Commission Tracking
Build an all-in-one solution tailored for your insurance agents, enabling them to effectively track policy sales, monitor commission payouts, generate comprehensive reports, and stay up-to-date with real-time commission updates
Billing & Policy Tracking
Efficiently track and manage policy information, handle billing transactions, generate invoices, track payments, and maintain accurate records, ensuring smooth operations and improved customer satisfaction.
Streamline your entire claims lifecycle, from initial submission to final settlement with a solution that digitizes claims intake, data capture, communication with policyholders, claim assessment, document management, and real-time analytics, empowering insurers to optimize their operations
Premium Holder Health Management
Have a solution designed to track and monitor policyholders' health data, provide personalized wellness programs, offer proactive health management services, or facilitate effective communication and engagement, ultimately improving the overall health outcomes and satisfaction of your clients
Build an app to efficiently gather, validate, and analyze customer information, ensuring compliance with regulatory requirements, minimizing fraud risks, and accelerating the onboarding process for new policyholders, all while maintaining data privacy and security.
Have a solution to manage policy creation, renewal, modifications, endorsements, and cancellations efficiently, while also providing features like policy tracking, documentation management, and seamless communication with policyholders, enhancing operational efficiency and delivering an exceptional customer experience.
Quickly and accurately generate quotes for potential policyholders. Input customer data, assess risk factors, calculate premiums, and generate comprehensive quotes in a matter of seconds, streamlining the quote process and improving customer satisfaction by providing timely and accurate pricing information.
Why choose Xamun?
Create customer- or external-facing Web, iOS, and/or Android apps using AI - fast, at fixed price, and you get to keep the source code!
Fully-Custom Software BUT Built Incredibly Fast
With the speed at which your competition (including startups) are innovating, you need to get software built at lightning speeds. Xamun’s app builder turns a prototype to working software in as fast as A FEW HOURS using AI & bots!
Fast like No-Code BUT You Keep the Source Code
With Xamun, you own the resulting source code. What does this mean? Your team has the freedom to update your custom software whichever way you want. Also, owning the source code lets you retain your competitive advantage because the IP is all yours.
Tailored to Your Needs BUT Pay Fixed Price
Outsourcing custom software development is oftentimes limited to time-and-material contracts which may not work well with your existing budget management processes. With Xamun, we accommodate a fixed price project engagement for every version of your custom software.
Frequently Asked Questions
1. Why create custom insurance software?
Digital transformation is about creating unique experiences for end-users (like customers and agents) through custom software. This is why cookie-cutter digital solutions won’t cut it - you need an app that you can call your own, and we’re here to help.
2. What exactly does insurance software do?
Generally, insurance software involves transactions with customers, whether it’s buying policies directly or through agents, or paying premiums, filing a claim, or purchasing add-ons to the policy. It also involves basic KYC and other administrative activities like document submissions.
3. What solutions can be built for insurance?
Some of the top bespoke solutions built by the insurance industry include KYC Processing, Quote Generation, Billing & Policy Tracking, Claims Management, Policy Management, and Agents’ Portal with Commission Tracking.
4. Is building custom insurance software worth it?
Yes! Especially if you are building somehing that will facilitate smoother transactions between your customers and your agents or in-house team. While business management software can be bought, external-facing solutions need to be bespoke.
5. How much will it cost to make an insurance software using AI?
It depends on what exactly it is that you want to build. Xamun has a cost estimator and other internal tools that will give you a much more accurate idea of how much it will cost you to build your custom insurance software.
6. How long will it take to build an insurance software using Xamun’s app builder?
If you have an existing Figma prototoype, building and deploying a bespoke solution for insurance with Xamun can take as fast as a few hours. If you’re coming in with a fresh idea, it can take only 4-6 weeks!
7. Do I need technical know-how in creating a custom insurance software with AI?
Not at all! As a service, Xamun will take care of all the technical stuff, and you just need to make sure all your business processes are covered in what we will build for you. At some point, we will release a DIY platform and in that case, your own tech team can directly build your bespoke solution on their own.
8. Are there hidden fees?
Absolutely not! We will be very upfront on the total cost of build as soon as you sign off the Figma design for your custom insurance software which will also include a detailed scope of how the app would work. Unless you have additional features to build, that’s the final cost.
Prototype using Figma
~2 WEEKS COLLABORATION
AI builds your software’s blueprint
~A FEW MINUTES
Our experts customize it
~A FEW HOURS TO A FEW WEEKS INTERNAL PROCESS
Bots bring everything together
~A FEW MINUTES
Ready for liftoff 🚀
~1 DAY COLLABORATION & HANDOVER
Build your app today
Xamun is a powerful app builder using AI & bots to quickly create software