Software Development for Insurance Industry

Insurance companies are in the business of taking risks. As risk managers, insurance companies are facing major challenges that include, but not limited to:

  • Increased pressure for customer acquisition and customer retention
  • Ensuring excellent customer services
  • Launching new and innovative products at competitive price
  • Must provide their products to market faster
  • Enhancing operational efficiency and effectiveness
  • Adherence to compliances and regulations
  • Strengthening risk management

TatvaSoft has delivered cost-effective, innovative and comprehensive service of Software Development for Insurance Industry that have helped our clients in taking accurate decisions, complying with regulatory requirements, improving business performances and mitigating risks.

Our Offerings

We are Custom Software Development Company for Insurance industry holding proven experience and expertise in the domain. Our technology and robust processes offer IT services to business-driven insurance organizations that enhance their brand value by achieving sustainable growth.

  • Designed and developed highly secured and centralized online system that significantly simplified and improved the way to deal with workplace injuries and worker compensation claims for a leading company based in Australia.
  • Enhanced customer service and satisfaction level with web based claim management system that supports fast and efficient claims processing, provides secure and control access to policy and claim information for a leading Insurance provider firm in the United States.
  • Offered fully integrated and browser based software system that improved the accuracy and efficiency of pension administration processes with real-time employer registration, intelligent workflows and more reliable electronic payment processing for a licensed corporate trustee based in Ghana, Africa.

Results

  • Injury Management Solution
  • Claim Management System
  • Pension Management System

Enabling employers to more effectively and efficiently to manage their workplace injuries. Our "Injury Management Solution" has unique features like pre-populated forms, automated alerts and automatic generation of Return to Work (RTW) plan, thus eliminating paper based works and saving precious time of customers. It provides complete visibility of all workplace injuries and workers compensation claims. It is highly secure and easy-to-use system that guides the user through the injury management processes.

Key features:

  • Managing all injuries and return to work processes
  • Support real-time capturing, tracking and managing claims information
  • Facilitate multiple user supports
  • Provides automated on-screen and email alerts
  • Centralized data repository for all workplace injuries and claims
  • Having comprehensive reporting and analysis tools
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A web based solution intended to manage claims of all the business verticals. Our "Claim Management System" is a collection of about 20 different online portals that serve as a huge insurance hub. The complete solution has been remarkably enhanced since its inception and continues to evolve to meet the specific and unique requirement of insurance claim industry. Its rich functional depth enables end-to-end claims lifecycle management, including witness statements, benefit details, legal proceedings, medical information and policy reports.

Key features:

  • Complete claim management processes for properties, lease, franchise, assets, inspection etc.
  • Provides customised business tool for effective workflow management
  • Enable to attach files into searchable folders
  • Ability to send email notification from within the system
  • Maintain risk profiles, incident details, claimed equipment and settlement
  • Regulatory Management including Electronic State FROI (First Report Of Injury) reporting and MMSEA reporting
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A comprehensive pension management system helps to protect retirement income of the individuals through strategic asset allocation and preserves the purchasing power parity of contributions. We offered a Contribution Pension Administration System in line with the recent pension reform governed by the Government of Ghana Act 766. Intended to manage pension scheme registration, appoint fund managers and custodian to ensure regulatory compliance as well as manage investments, "Pension Management system" is accountable for maintaining the security of the retirement fund assets.

Key features:

  • Manage employee beneficiaries, investment fund details and employee risk profile
  • Monthly contribution details and payment made to custodian bank
  • Maintaining member account details as per contributions from employer
  • Ability to transfer members to another schemes or trustee
  • Generating ledger financial statement for transactions
  • Comprehensive set of reports for quick information
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See how our one-stop Software Development for Insurance industry service has helped insurance providers to create a hassle free process and ensure customer satisfaction.

Why TatvaSoft?
  • CMMI ML 3 Software Development Company
  • Microsoft Gold Certified Partner
  • 16 Years of IT Experience
  • Intellectual Property Rights protection
  • Approach to build long term relationship
  • Global exposure and diverse expertise
  • Onshore-offshore model
  • Proper Hierarchy & Escalation path
  • Expertise on diverse technologies & domains

Let's discuss your software development requirements!

Getting started is very easy. You can reach us simply by sending an email, filling up an inquiry form or calling to your nearest TatvaSoft office.

We will contact you at the earliest to further discussion.