Top 15 Insurance Software Development Companies

The creation of software for insurance requires unique industry experience, regulatory knowledge, and technical know-how. Choosing the right insurance technology partners is the only fail-proof way to avoid risks, cut costs, and save time while getting a high-quality business solution. 

Insurtech is a large and highly demanded market segment valued globally at over one trillion dollars by 2025. Insurance software development companies have a very responsible job of assisting the digitization of insurers’ often confidential operations. 

This article highlights a list of insurance software development companies based on their domain expertise, technology stack, team size, hourly rates, and global client impact, offering a diverse mix to fit different business needs.

Comparison Table of Top Insurance Software Development Companies

List of Top 15 Insurance Software Development Companies

DjangoStars

DjangoStars is an insurance software development firm with 18+ years of expertise, a large engineering team, and a broad technology stack, with a strong focus on insurance solutions.

The company specializes in full-cycle, all-purpose bespoke software development, building solutions for policy and claims management, underwriting, billing and commission, regulatory compliance, and more. They also craft mobile insurance apps, analytics and reporting dashboards, and insurance CRM systems honed to streamline and facilitate the insurance pipeline to the maximum. Alongside custom insurtech development, Django Stars provides legacy system modernization and insurtech consulting services to organizations in the domain.

Services and expertise: Custom insurance software development, claims management and automation, insurance SaaS platform, automated customer data import, insurance calculators, etc. 

Tech stack: Python, Django, React, Vue, Angular, Swift, Objective-C, Kotlin, Xamarin, React Native, Flutter, GitHub, Kubernetes, Docker, AWS, Azure, and more.

Team size: 100–200 employees

Strengths: 

• Professional insurer workflow customization
• Underwriting automation
• Integration of heavy insurance platforms.

Location: Worldwide (USA, UK, Canada, Europe)

Clients: Lendage

Duck Creek Technologies

Duck Creek is a competent insurance software development services company that focuses on in property and casualty (P&C) insurtech solutions honed to grow distribution channels, accelerate time-to-market, and humanize workflows. It excels at crafting cloud-based SaaS core systems and low-code, configurable platforms that help insurers streamline their pipeline and enhance customer experiences.

Services and expertise: Lifecycle insurance agency software development with an emphasis on cloud-native platforms for claims processing, policy administration, billing, and customer interaction, creating dedicated reporting and analytics tools. 

Tech stack: Microsoft Azure, Azure SQL, C#, Visual Studio, .NET, Vuetify, RxJS.

Team size: 1,500–1,800 employees

Strengths: 

• End-to-end insurance platform
• Policy administration system
• Rating and pricing systems

Hourly rates: $57-90

Location: Headquarters in Boston, MA, two branches across the USA, and five branches in Canada, India, Australia, France, and Poland. 

Clients: UniGroup, Saxon, Aspen Insurance, AIG, Geico, The Hanover Insurance Group, and more

Damco Solutions

Damco Solutions is a vetted insurtech software development company poised to enable businesses in the sector to unlock efficiency on every stage of the industry pipeline. Its end-to-end, easy-to-deploy digital solutions for enterprises in the vertical benefit insurers, brokers, agents, adjusters, and other stakeholders. 

Services and expertise: insurance digital transformation and modernization, digital ecosystems for insurance companies, operational automation, underwriting, quote processing, and insurer workflow redesign.

Tech stack: WebSockets, Angular, ReactJS, Node.js, Python, PHP, Laravel, Express.js, MySQL, MongoDB

Team size: Around 1,600 employees

Strengths: 

• Strong insurance expertise
• Professional claim management and automation
• Policy administration systems

Hourly rates: $50-99

Location: New Jersey, USA; Dubai, UAE; Faridabad and Noida, India; Luxembourg.

Clients: Co-Operators General Insurance Barbados, New India Assurance Trinidad & Tobago, and others.

Guidewire Software

Guidewire Software is one of the best insurance software providers, offering an entire professional suite for businesses. This insurance software development firm provides both a comprehensive insurance lifecycle solution and standalone products related to workers’ compensation, excess and surplus, usage-based insurance, embedded insurance, parametric insurance, and more.

Services and expertise: Insurance core platform, analytics and AI products, a system for third-party services and add-ons, digital transformation, and legacy modernization services.

Tech stack: TypeScript, Java, JavaScript, Go, React.js, Spring Boot, AWS, Docker, Kubernetes, Kafka, EMR, Flink, Spark.

Team size: 3,700+ employees

Strengths: 

• Delivery of deeply integrated insurance platforms
• PAS platforms in P&C insurance
• Solutions for enterprise-grade claim management

Hourly rates: $80-120

Location: Alabama, Minnesota, Massachusetts, Pennsylvania (all USA), and also in Brazil (Saõ Paolo and Curitiba) and Canada.

Clients: Alfa Insurance, Auto Club Enterprises, Apollo Group, Capital Insurance Group, Beneva, Texas Mutual, Rakuten, Germania Insurance, and more.

Vertafore

Vertafore is this year’s winner of a Globee Award for innovation, given to insurance software developers who excel at simplifying and automating insurance distribution. The vendor reports over 160,000 management system users across 15,000 agencies and 1,200 carriers and positions itself as a wholesale brokerage and binding firm, empowering insurance experts with specialized solutions.

Services and expertise: insurance distribution technology platform, policy administration systems, underwriting systems, workflows, and wholesale insurance platforms.

Tech stack: Python, Java, JavaScript, Drupal, CSS 3, AWS, Scala, BootStrap, CloudFlare, Acquia, Modernizr.

Team size: Around 2,500+ employees

Strengths: 

• Agency management systems
• Rating and quoting systems
• High-level insurance services and expertise

Hourly rates: $63+

Location: 7 branches in the eastern and central USA, two branches in India, and one in Canada.

Clients: DUAL Group, MMG Insurance, Connor Insurance, Harbor Brenn, ETA Insurance Group, Marshall & Sterling, Acorn Life, and more.

Clover Dynamics

Clover Dynamics is a type of insurance software developers that provides you with tailored, innovative solutions and revolutionizes the handling of complex insurance tasks, including underwriting, claims management, and fraud detection. Their products are scalable, efficient, and secure. 

Services and expertise: Custom insurance software development, policy management systems, AI-fueled underwriting and risk analysis solutions, insurance quote and pricing engines, fraud detection and prevention systems.

Tech stack: Node.js, React, React Native, Angular, Kotlin, Vue.js, Swift, AWS Bedrock, LangChain, TensorFlow, PyTorch, LlamaIndex.

Team size: Around 250 employees

Strengths: 

• Agency management systems
• Rating and quoting systems
• High-level insurance services and expertise

Hourly rates: $25-49

Location: Lviv, Ukraine, Krakow, Poland.

Clients: Undisclosed

Belitsoft

Belitsoft is one of the best insurance software providers, with in-depth expertise in the insurance industries of the USA and Great Britain, and a medical claims management system for a major American agency under its belt. Besides, Belitsoft is among those insurance software development outsourcing companies that also offer software testing, staff augmentation, and IT consulting services to all kinds of businesses.

Services and expertise: Custom software development for life insurance, P&C insurance, and health insurance, software modernization, digital transformation, cloud migration, software testing.

Tech stack: Java, Angular, React, Python, PHP, .NET, iOS, Android, C#, Vue.js, Node.js, Xamarin, Laravel.

Team size: 250+ employees

Strengths: 

• Deep expertise in the industry
• Effective development of systems for policy administration
• Powerful staff augmentation

Hourly rates: Undisclosed

Location: USA, UK, and Poland.

Clients: John Hancock, Insly, and others.

Cognizant

Cognizant is one of the seasoned insurtech software companies that prioritize delivering cutting-edge solutions honed to meet contemporary customers’ demand for risk-free, personalized online experiences. Their disruptive products help automate industry workflows and reduce manual tasks, thus enhancing operational efficiency and reducing costs.

Services and expertise: Insurance platform modernization, life & annuity solutions, P&C insurance, data & AI for insurance, insurance innovation as a service.

Tech stack: Java, JavaScript, HTML5, Python, C++, Spring Boot, React, Kubernetes, Docker, GPT-3, AWS, Kaggle, and various proprietary AI platforms.

Team size: 340,000+ employees worldwide

Strengths: 

• Cutting-edge modernization at the core level
• Innovations for the insurance branch
• Artificial intelligence solutions

Hourly rates: $23-30

Location: Headquarters in New Jersey, USA, and a network of branches across all continents (in Argentina, Belgium, Australia, China, Canada, France, Germany, etc.).

Clients: Talcott Resolution, National Insurance Company Limited (India), various US and UK carriers.

eSparkBiz

eSparkBitz is among insurance software vendors seeking to give their customers a sharp competitive edge and tackle their toughest challenges with automation and AI. eSparkBiz’s optimized cost and global delivery make it a number-one choice for companies seeking to harness accelerated digital transformation.

Services and expertise: Insurance comparison platforms, payment processing software, policyholder portals, agent portals, insurance risk management solutions, insurance chatbot development.

Tech stack: JavaScript, HTML, CSS, Angular, React.js, Python, Node.js, AWS, Azure, generative AI, NLP, machine learning.

Team size: 400+ employees

Strengths: 

• Workflow digitalization
• Claims data handling
• Insurance analytics integration

Hourly rates: $25+

Location: Central offices in India and Delaware, US, and branches in Canada, Australia, the UK, Italy, Sweden, and Norway.

Clients: An undisclosed dental insurance startup

Applied Systems

Applied Systems is a vendor whose primary forte is marrying insurance digital roundtrips with AI-driven technologies. It trains its AI models on industry-specific data, enabling their users to obtain tailored insights and facilitate insurance workflows.

Services and expertise: A suite of ready-made featured products (Applied Pay, Applied Book Builder, Applied Mobile, Applied Recon, Applied Epic, and more) that cover every stage of the insurance pipeline and every aspect of insurance routine. 

Tech stack: Google Cloud, Cloudflare, AngularJS, JavaScript, Ruby on Rails, Drupal, Workstation, VMware vSphere.

Team size: 2,800+ employees

Strengths: 

• Agency management systems like Applied Apic
• Large insurance brokerage
• Insurance distribution

Hourly rates: $30-45

Location: Multiple offices across the US, Canada, Great Britain, Ireland, India, and Israel.

Clients: Schneider & Associates, Insurance Office of America, Bravera Insurance, HUB International, Romero Insurance Brokers, CalNonprofits Insurance Services, ReNu Insurance Group, and many more.

Accenture

Accenture is one of the biggest global insurance outsourcing firms. It specializes in professional insurance technology and consulting and actively assists insurers in design and implementation. Their services enable end-to-end insurance transformation programs that deeply modernize operations and integrate AI-driven solutions.

Services and expertise: AI-LED underwriting, AI-LED claims, insurance-related technologies and operations, and insurance consulting.

Tech stack: Guidewire InsuranceSuite, EIS, Cloud services, Databricks, Artificial Intelligence and Machine Learning frameworks, fraud detection models, digital enterprise platforms, etc.

Team size: 733,000+

Strengths: 

• Information technology
• Strong consulting services
• Worldwide reach.

Location: 50 countries

Clients: AXA, Zurich Insurance Group, Swisscom, AXA XL.

Itexus

Itexus is a mid-sized custom software engineering company with a strong focus on insurance technology practice. Their expertise is building custom insurance platforms and MVP insurance products. Their products enable the improvement of claim processing and enhance customer experience. Itexus supports insurance carriers, brokers, intermediaries, and digital insurance startups.

Services and expertise: Consulting on digitization and insurance automation, software development, go-mobile consulting, and app development for insurance companies, third-party software integration, and customization.

Tech stack: Ruby, JS, Bootstrap, Webpack, PostgreSQL, HotWire, Rails, Python, Django, React.js, .NET Core, Microsoft SQL Server, Microsoft Azure, Identity Server, Angular, etc.

Team size:  50-249

Strengths: 

• Building insurance marketplaces
• Self-service insurance platforms
• AI-powered insurance systems

Location: USA, Europe

Clients: Undisclosed

Azilien Technologies

Azilien Technologies represents AI-focused engineering companies working with insurance-related services. In the insurance domain, they are heavily focused on building decision-oriented systems based on automation and artificial intelligence. With their products, insurance companies can achieve more effective underwriting and claim handling. 

Services and expertise: Insurance aggregators and marketplaces, claims workflow management, P2P insurance software solutions, and payment reconciliation. 

Tech stack: AI/ML, generative AI, data engineering, cloud engineering, IoT, blockchain, AWS, Azure, and Google Cloud.

Team size: 250-999

Strengths: 

• AI automation services
• Underwriting cycle time reduction
• Insurance platforms

Location: USA, Canada, UK, Germany, Switzerland, South Africa, and India.

Clients: Undisclosed

Citrusbug Technolabs

Citrusbug Technolabs is an AI-first software development company that creates digital solutions for the insurance domain, among others. The main focus is concentrated on AI-driven platforms for automated underwriting and customer-facing insurance workflows. Their operation enables the embedding of artificial intelligence into traditional insurance workflows.

Services and expertise: PAS development, claims management software, underwriting automation, insurance CRM and agent portals, customer self-service portals, mobile app development, etc. 

Tech stack: generative AI, LLM integration, NLP, machine learning, iOS, Python, ReactJS, Django, Angular, NodeJS, and React Native.

Team size: 50-249

Strengths: 

• AI-focused insurance engineering
• Claim automation systems
• Legacy modernization

Location: USA

Clients: Reporting Ninja

Infosys

Infosys is a global service and consulting firm for insurance companies. With its specialized products for commercial insurance and policy administration, organizations can achieve streamlined policy management and more efficient claim handling. Infosys also offers insurance BPO services for cost optimization via managed operations. 

Services and expertise: PAS modernization, claim system implementation, strategic business consulting, policy servicing platform, and insurance BPO services. 

Tech stack: MCCamish-VPAS, PMACS, PAS, cloud services, iEDPS, Oracle, DB2, SQL Server, NoSQL database. 

Team size: 337,000+

Strengths: 

• Reduced claim processing times
• Faster time-to-market for new services
• Improved productivity

Location: USA, Australia, China, Canada, Japan, Europe, and the Middle East.

Clients: Undisclosed

How to Choose The Right Insurance Software Development Partner

• Insurance domain expertise

You need to ensure that you deal with an insurance software development firm with proven experience. Pay attention to such services as building insurance solutions for policy administration systems, claims management platforms, and underwriting tools.

• Technical capabilities

An insured software development team should be skilled in modern technologies like AI/ML and API integrations. Cloud computing, data analytics, and InsurTech will also be especially valuable for insurance-related companies.

• Compliance and security knowledge

An insurance software development vendor should be aware of industry regulations (GDPR, HIPAA, and PCI DSS). Make sure your future partner follows best practices to ensure proper data protection and secure software development.

• Portfolio and case studies

A successful insurance software development company has a proven track record of insurance software projects. Checking case studies, you can evaluate the company’s hands-on experience and potential measurable business outcomes.

• Scalability and flexibility

Focus on building insurance solutions that can scale with growing policy volumes and increased claim processing demands. It will help maintain high performance, reliability, and system stability during the peak seasons.

• Communication and engagement model

A reliable insurance software development firm is usually transparent about their process and establishes clear communication. Check for flexible cooperation models that include outsourcing, staff augmentation, and dedicated teams to achieve long-term success.

Conclusion

Your next insurance software project can only rely on the savviest agency to partner with. Make sure insurance software development companies you choose know their thing — this exhaustive article should help. However, it’s essential to find a firm that combines professionalism with the individualized approach and aesthetics you prefer.

If you are looking for ultimate flexibility, consult with the pros at DjangoStars before you build a custom insurance platform or embark on any other software project.