Transform Risk into Efficiency with Insurance Software Development Services

Accelerate claims, refine underwriting, and serve policyholders faster through digital insurance platforms built around your business processes.

SPD Technology
Transform Risk into Efficiency with Insurance Software Development Services

The Market Pressures Shaping Insurance Technology Today

Hassle-free, intuitive, personalized. That’s how customers expect insurance software solutions to feel today. Yet the industry is struggling to keep pace with rapidly advancing technology and face numerous challenges:

Legacy systems slow claims, raise costs, and obstruct innovation.
Manual underwriting and claims processing create delays, errors, and compliance risk.
Customers do not get transparent, self-service experiences, and instant access.
Evolving standards like GDPR and SOC 2 complicate scaling.
Disconnected systems keep data siloed and limit insight.
Digital-first insurtech competitors move faster with AI and automation.

There is only one way out: insurance software development services that replace rigid legacy systems with agile, scalable, and innovative solutions built for speed, accuracy, and customer satisfaction.

Our Secure and Scalable Insurance Software Solutions for the Digital Era

We aim to develop the best custom insurance solutions for companies. Built on AI, data insights, and cloud capabilities, our insurance solutions adapt to evolving customer needs, compliance demands, and market shifts.

AI-Based Claims Automation
We automate claims intake, validation, and routing with AI to reduce cycle times, lower administrative costs, and raise service quality.
Data-Driven Underwriting
Our team uses predictive analytics and real-time risk scoring to make faster and more accurate underwriting decisions and reduce exposure.
Omnichannel Policy Management
Our engineers deliver smooth digital interactions across web, mobile, agent portals, and 3d-party platforms with unified policy data and workflows.
RegTech & Compliance Integration
We help you stay audit-ready with built-in regulatory controls, automated reporting, and continuous assurance for GDPR, SOC 2, and local standards.
Connected Ecosystems
Our services integrate partners, 3d-party data providers, and internal systems into a connected digital environment for frictionless workflows.
Cloud-Ready Architecture
We assist you in adopting a scalable, secure cloud infrastructure that supports growth at scale, rapid feature delivery, and lower total cost of ownership.

Value-Based Outcomes We Delivered to Our Global Clients

Our custom insurance software development services are always delivered with quantifiable improvements in mind, so you know your investment drives leaner operations, sustainable competitiveness, and customer satisfaction.

See More Results

→ +30%
higher average check through expanded payment options
See Case Study
→ Faster
partner onboarding accelerated with intuitive, guided API integration
See Case Study
→ x3
customer increase thanks to introducing ACH payments
See Case Study
→ Adaptive
A/B testing enabled rapid insurance product refinement and iteration
See Case Study

Success Stories
with Global Impact

SPD Technology designs and develops transformative software solutions that drive innovation, new revenue streams, and market leadership.

See All Cases

Automated Billing & Data Management for Pie Insurance’s Growth

Industry: Insurance
Country: the USA
Team Size: 14

Feature-Rich Billing Platform: We delivered a solution that allows managing billing plans, tracking premiums, payments, and equity, controlling policy cancellations, handling commissions, and more.
Reduced Operational Time Thanks to Data Engineering: We built an Operational Data Maintenance application that retrieves data from multiple disparate sources like spreadsheets or CSV files and updates them constantly, eliminating manual efforts.
Average Check Grew by 30%: Attracted more users to Pie Insurance services as a result of introducing additional payment alternatives.

View Case Study

Creating an API Service and BI Dashboards for an Insurance API Provider

Industry: Insurance
Country: Israel
Team Size: 2

Effortless API Integration: created interactive API documentation to simplify and accelerate the incorporation of insurance service into the end-users journey across various industries.
Strategic Decision Empowerment: developed a Business Intelligence dashboard that allows customer’s business users to make informed decisions through insurance products A/B testing.

View Case Study

Our Clients are Happy

To share their experiences

Alex Samano

Co-Founder & CEO, Mogami App

SPD Technology has done a great job of maintaining the lifeblood of their codes. They’re transparent with pricing models and deliver within budget. Their dedicated teams act as an extension of the partner’s company. Responsibility and a commitment long-term partnership are two hallmarks of their work.

Fabrice Forget

Chief Product Officer, PitchBook

We feel very lucky to have found SPD Technology as our partner. Over the last 10 years, they have totally surpassed our expectations, and day after day we have received incredible value from the team. Here is the secret sauce, just put together your best ideas in your requirements and there is nothing they can’t do!

John Gabbert

Founder and CEO PitchBook Data

Customers are king at PitchBook and SPD Technology shares in this mission. For the last 13 years, SPD Technology has helped us scale product development and continuously deliver the product functionality our clients need to make smarter decisions.

Prasad Sridhar

Senior Engineering Manager E-comerce Solutions Company

SPD Technology’s work has been praised by the client for their consistency and high quality. Their communicative, responsive, and flexible project management ensures a positive collaboration. Ultimately, their professionalism and forward-thinking are impressive.

Shariq Ahmad

Head of Technology, Morningstar, Inc

All of their developers and technology staff are highly talented and very professional. Working with SPD felt like we were working with internal team. They are always accessible any time of the day and very flexible in providing support to our users who are globally distreibuted.

Steve Carner

Founder CEO, Home Hub

The team at SPD Technology exceeds expectations. Their professional communication style makes them stand out, They’re a skilled group of detailed-oriented workers. Customers can expect a team that provides helpful suggestions to better their clients.

Accelerate claims & underwriting with insurance app development designed for impact.

Providing Insurance Software Development Services for Niche Segments

We have a proven track record of successful solutions delivered in multiple domains through our custom insurance software development services. For every segment, we shape platforms around specific process flows, industry regulations, and client experience standards.

Health Insurance

Our health insurance software development improves member enrollment, claims adjudication, and provider coordination by automating claims workflows, integrating with EHR systems, and designing self-service portals. All of these measures lower administrative load and errors.
Auto Insurance

We deliver insurance software solutions that accelerate underwriting and claims while improving pricing accuracy. This is done by using telematics data, AI damage assessment, and real-time claims tracking that reduce fraud and enable usage-based insurance.
Life Insurance

Our company helps shorten underwriting cycles and simplify policy servicing through automated underwriting engines, medical data integrations, and digital policy issuance. This way, we help organizations to minimize manual review and improve compliance.
Property & Casualty

Our insurance technology services are aimed at supporting multi-line policies and faster claim resolution. For that, our efforts focus on geospatial data, automated FNOL, and loss estimation tools. As a result, our clients experience decreased adjustment time and operational cost.

Future-Ready Insurance Software Solutions for Every Business Model

No matter your segment or specialization in the insurance business, we’ve got you covered. Our insurtech software development services support the full spectrum of operations.

Insurers & Carriers
We help insurers accelerate policy issuance, optimize claims processing, and personalize customer interactions through automation, AI, and cloud systems. By using this approach, our team improves speed, accuracy, and flexibility in operations.
Reinsurers
For reinsurers, we create analytics-driven platforms that unify contract data, enhance risk modeling, and strengthen collaboration for stakeholders. Such a focus in our work offers greater decision transparency and allows making decisions much faster.
Managing General Agents (MGAs)
Built around the needs of MGAs, our insurance software solutions enable swift product rollout, simplified compliance, and effective distribution management. This way, the software grants teams the agility to grow and adapt despite competition.
Third-Party Administrators (TPAs)
Our insurance application development services equip TPAs with systems that streamline claim oversight, unify communications, and ensure data accuracy. Reduced administrative burden means better efficiency and service quality.
Brokers & Agencies
Through advanced insurance software development services, we help brokers and agencies quote policies faster and access integrated CRM tools. Clients benefit from insight-driven guidance that strengthens relationships and boosts retention.
Self-Insurance & Captive Providers
For self-insured entities and captive providers, our software enables real-time performance tracking, optimized reserve management, and deeper insight into cost drivers. This capability supports smarter and more informed business decisions.

Complementary Services That Strengthen Every Insurance Ecosystem

As an end-to-end insurance software development company, we thrive for successful project delivery and go beyond core functionality: we implement emerging technologies, deliver upgrades, and ultimately build full-fledged systems designed to outperform market rivals.

AI & Machine Learning Development
We enhance insurance platforms with AI/ML for risk assessment, claims optimization, and fraud detection. Predictive algorithms power underwriting automation for reliable business choices and personalized interactions with clients.
Cloud Migration & DevOps
Our company moves systems to cloud-native environments supported by DevOps services known to bring focus on security and continuous delivery. This setup ensures agility, reliability, and faster product updates across complex ecosystems.
Data Engineering & BI
Our data engineering initiatives reinforce software with robust architectures and interactive BI dashboards. We connect siloed data sources through insurance software integration services and improve pricing accuracy and operational visibility.

Application Modernization
We drive insurance product modernization by replacing outdated legacy systems with modular platforms. We deliver software that stays compliant, sparks innovation, improves collaboration, and integrates with modern insurtech ecosystems.
FinTech Software Development
Our developers enable digital payments, embedded insurance models, advanced financial analytics, seamless system integrations, and real-time transaction visibility. These fintech solutions boost policyholder convenience and revenue management.
Intelligent Automation and RPA
We advance insurance automation software by applying intelligent automation and RPA across claims, billing, policy servicing, etc. These technologies minimize human intervention, reduce errors, and accelerate underwriting and claims processing.

Trusted Globally by Innovation-Driving Companies

From Fintech industry stalwarts to industry-leading eCommerce providers, we ensure the comprehensive alignment between emerging technologies and established business processes.

An American financial services firm that provides investment research and investment management services
Financial data and software company with offices in London, New York, San Francisco, and Seattle.
All-in-one omni commerce payment solution with contactless, fast, secure, and safe payment processing
One of the most recognizable landmarks, a company that specializes in innovative travel and hospitality services
SaaS XSPN – Next Generation Application & Cloud Security Posture Management
A leading tech-enabled insurance company that provides workers’ comp coverage to small businesses

Fabrice Forget

Chief Product Officer, PitchBook

We feel very lucky to have found SPD Technology as our partner. Over the last 10 years, they have totally surpassed our expectations, and day after day we have received incredible value from the team. Here is the secret sauce, just put together your best ideas in your requirements and there is nothing they can’t do!

Manual effort slowing profitability? Adopt automated insurance software to cut duplication, delays, and errors.

Why Businesses Choose SPD Technology as Their Insurance Software Development Company

Through insurance product development software, we cater to the diverse needs of our clients, share our long-standing expertise, guide them at every stage, and ignite their progress.

Proven Insurance Expertise
Backed by tight collaboration with insurance businesses, our team understands the nuances of underwriting, claims, policy management, billing, etc., and can translate industry knowledge into full-fledged solutions.
Regulatory & Compliance Mastery
Rooted in unmatched insight into global and local standards, we build systems aligned with GDPR, SOC 2, HIPAA, and other frameworks, enabling our clients to minimize risk and maintain absolute compliance.
Full-Cycle Delivery
From concept to deployment, our experts handle every phase of developing insurance platforms. Each stage of our process upholds the same standards of consistency, ownership, quality, and integrity.
Data-Driven Mindset
Guided by data, we design insurance systems that extract value from information and use predictive analytics, BI dashboards, and intelligent automation to shape this value in the form of decisions for maximum business impact.
Transparent Partnership
Through open communication, shared visibility, and mutual accountability, our team creates partnerships built on trust. In such an environment, goals are kept clear and progress metrics are always straightforward.
Scalable Global Delivery
With distributed teams and a proven delivery framework, our company adapts resources to your project’s scale and timeline. This way, we guarantee rapid implementation with uncompromised quality.

Security, Privacy, and Compliance at the Core of Our Insurance Software Development Services

We prioritize secure solutions that preserve brand reputation, protect customer privacy and confidentiality, meet stringent regulatory requirements, and minimize cyber risk.

Data Security
Our solutions follow the highest standards of data protection, applying encryption, access control, and continuous monitoring to keep sensitive policyholder and financial information secure and confidential.
Compliance Assurance
With deep knowledge of GDPR, SOC 2, HIPAA, CCPA/CPRA, PCI DSS, and other industry regulations, our engineers ensure every system we build meets strict compliance requirements of global and local jurisdictions.
Data Privacy & Governance
We design robust frameworks that preserve data integrity, define clear ownership, and maintain full transparency in data usage. Thus, we empower insurers to build trust and meet evolving privacy mandates.
Operational Resilience
Through fault-tolerant architectures, backup strategies, proactive risk management, real-time monitoring, and other measures, we help insurance companies sustain continuity and reliability under any circumstances.

About
SPD Technology

For over 20 years, our company has specialized in developing innovative software. The insurance industry has been a primary focus, and our custom insurance software development services deliver secure policy management automation, claim management systems, advanced risk management, document management software, and more. On top of this, we offer to improve existing systems with cloud-ready modernization as well as embedded data and predictive analytics tools. Our technical expertise in custom software development brings innovation where off-the-shelf software cannot meet the needs of your business processes.

As a trusted insurtech software development company for global clients, SPD Technology offers a deep understanding of modern insurance company needs and enhances custom insurance software solutions with AI, data analytics, cloud solutions, and robust DevOps practices. From legacy renewal and ecosystem connectivity to BI dashboards, RPA, and RegTech, we align technology with enterprise goals. This enables your teams to operate efficiently, maintain compliance, and serve policyholders confidently worldwide.

The partnership with us is always established through flexible engagement models, enabling us to deliver personalized services, automate insurance workflows, and bring cost efficiency to business insurance operations, as well as provide ongoing support and maintenance services on terms suitable for our clients.

Certified

By Independent Organizations

Confirmed by Oracle certification, our company provides top-notch tech expertise in building and delivering cutting-edge database and cloud-based apps.

IIBA Certification signifies our proficiency in business analysis, ensuring a deep understanding of client needs and industry requirements.rn

With AWS Certification, we guarantee top-tier cloud expertise, enabling us to architect robust, scalable, and secure solutions.

Trusting your project development to us, you can rely on our project management excellence, meticulous planning, and efficient resource utilization. rn

Our Scrum Alliance Certification demonstrates our dedication to agile methodologies, fostering collaboration and iterative development.rn

Backed by Scrum.org Certification, our development team leverages the best principles of Scrum to build superior and iterative software solutions.

FAQ

Answering the most frequently asked questions about insurance solution development.

What Types of Insurance Software Can Be Developed?
Insurance software development spans various platforms and modules designed to streamline processes and automate insurance workflows. Tech vendors can deliver custom solutions for claims processing and management systems to accelerate settlements and improve accuracy, billing and payment automation to increase financial efficiency and transparency, and customer, broker, and agent portals with integrated CRM to strengthen engagement and collaboration.
Moreover, customer insurance solutions can be delivered to solve the challenges in such areas of insurance operations as TPA and reinsurance systems, as emerging technologies help optimize partner coordination and policy tracking, analytics and BI dashboards since predictive tools deliver risk and performance insights, and fraud detection and data encryption to protect sensitive customer information.
Other examples of insurance solutions development for the industry can include document management software to streamline handling and operational workflow, and AI chatbots and self-service capabilities to boost customer engagement and satisfaction.
When well designed, these platforms support business growth by reducing manual work, improving accuracy, and accelerating service delivery across core insurance workflows.
How Much Does Insurance Software Development Cost?
The cost of custom insurance software development varies significantly based on project scope and complexity. As a general guideline:
- Prototypes / MVPs: $30k–$80k
- Mid-scale platforms: $120k–$400k
- Enterprise suites: $500k+
Pricing is mainly driven by scope and complexity, especially requirements like seamless integration with core systems and third-party tools, regulatory and security compliance, data volume, cloud/DevOps setup, and the use of advanced technologies (including cutting-edge technologies such as automation and AI). If your solution includes data analytics tools for reporting, forecasting, or risk insights, that can also increase the budget.
Finally, many teams include ongoing support (maintenance, monitoring, updates, and scaling) and personalized services (custom workflows, roles, and configurations) to ensure the platform stays reliable and effective after launch.
How Does Digital Transformation Impact Insurance Companies?
Digital transformation reshapes insurance providers by modernizing legacy systems and enabling more competitive solutions that meet evolving market demands. Its impact includes:
- Faster claims outcomes through straight-through processing, AI triage, and fraud scoring, improving turnaround times and client satisfaction.
- Sharper underwriting through data enrichment, automation, and predictive analytics, enabling more accurate pricing and risk selection.
- Omnichannel customer experience via self-service portals, mobile apps, and real-time updates, reducing friction and increasing client satisfaction.
- Data-driven decision making supported by unified data platforms, BI dashboards, and real-time insights to improve pricing, reserving, and portfolio management.
- Compliance and resilience through audit trails, policy-as-code controls, and cloud recovery, while protecting sensitive customer data with enhanced security and governance.
- Lower operating costs and improved efficiency through automation, cloud scalability, and streamlined management across underwriting, claims, and servicing.
Insurers often achieve these benefits by implementing custom software that integrates with existing systems and gradually replaces outdated components.
How Does Automation Help Insurance Companies Save Time and Cost?
Automation helps the insurance industry save time and cost by streamlining core insurance operations, especially claims processing, underwriting, policy management, and billing, through the removal of manual data entry, routine routing, and repetitive approvals across key insurance processes.
With custom insurance software development services, insurers can implement custom software that connects to existing core systems, applies rules consistently, and uses data analytics tools to improve risk assessment and risk management. As a result, teams reduce rework and errors, shorten cycle times, boost straight-through processing, strengthen data security, and achieve higher operational efficiency across the organization.
How to Integrate a New Software Solution with Existing Insurance Systems?
To integrate a new solution with existing insurance systems, it is recommended to begin with a technical audit to identify dependencies, integration points, and API readiness.
Then it is necessary to define the target architecture, map data flows, and use APIs and middleware to enable interoperability and reliable data exchange. Throughout the development process, teams must prioritize security, compliance, and thorough testing (functional, integration, performance) to avoid disruptions to critical workflows. After that, vendors run a pilot, roll out in phases, train users, and monitor performance in production; if needed, they iterate through DevOps feedback to continuously improve stability and outcomes.
With experienced software developers and the right insurance software development solutions, insurers can deliver custom software solutions for the insurance sector that leverage advanced technologies while integrating smoothly into the existing ecosystem.