Your technical partner

What to consider when you’re starting to build an insurtech product

Most insurtech products concentrate on two key points: providing a more precise and personalized price, and shortening the distance between the customer and service provider. Insurtech development is about combining a deep understanding of fintech markets with expertise in data analysis – so make sure your tech partner has enough experience in both.

What should you keep in mind when you start to build a product?

  • The need to handle a large number of integrations to collect data, including wearable tech like smartwatches and fitness trackers.
  • The need for comprehensive data analysis intended to develop more precise and customized prices for services. Your Insurtech developers should also be well-versed in machine learning to build an efficient system.
  • The need to ease the process of claiming and issuing. It’s all about the speed of identity verification and submitting and processing a claim, which greatly affects the user’s experience with your product.

Fintech development requires a technical partner not only to have sharp tech skills but also the ability to guide you through the whole process of building and launching the app. Consider hiring a partner with strong expertise in the domain.

Expertise

When do you need our insurtech development expertise?

  • When you want to build a system to retrieve, analyze, and process huge amounts of data with AI and machine learning tools
  • When you need to create a platform capable of verifying identities, processing users’ claims, and responding rapidly
  • When you want to build a product that meets anti money-laundering and anti-fraud standards and ensures a high level of security
  • When you need to integrate lots of third-party systems and deal with regulations across several institutions, including banks and governmental agencies

Insurtech development cases

Transforming your vision into solutions that rock the market

  • MoneyPark

    Switzerland largest independent mortgage specialist that focuses on personalized advice. Through combining online tools and in-person consulting it helps to find the most suitable mortgage and insurance options.

    Switzerland View case study
    MoneyPark MoneyPark

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