Insurance underwriting software development services 

DICEUS provides a full range of insurance underwriting software development services for insurance agents and companies of all sizes. We offer an in-depth understanding of insurance rules and policies, the latest tech tools, and relevant approaches to insurance digitization.

Today’s global insurance and insurtech market is a fierce arena filled with both supply and demand. Standing out among the crowd of competitive market players calls for faster, more convenient, and all-around better services. To achieve that level, you need next-gen digital solutions, namely, a custom insurance underwriting software system. At DICEUS, we know how to build the one that will fit to your vision and needs. 

Benefits of custom insurance underwriting software 

Efficient and quick decision-making 

Specialized software eliminates the bottlenecks of traditional manual evaluations. With advanced analytics, AI, and underwriting automation, you speed up the underwriting cycle, make timely and informed decisions, and improve overall management. 

Improved risk assessment processes

Custom underwriting software enhances your risk assessment capabilities through AI-powered algorithms. It translates to more accurate risk profiling, enabling carriers and agents to make even better data-driven decisions and minimize uncertainties. 

Accurate data analysis 

One of the key benefits of bespoke underwriting software is its ability to handle vast amounts of data with precision. Accurate data analysis guarantees that insurers have a good understanding of the risks involved. 

Automated processes 

Custom solutions automate a range of routine tasks, making you less reliant on the manual efforts of live specialists. Automation helps make sure all employee productivity is focused on a reasonable cause rather than on senseless repetitive tasks. 

Top 4 values of custom insurance underwriting software

  1. New data sources incorporation. Real-time data about customers and additional data inputs through public data portals and AI-powered technologies like telematics. 
  2. Easy ways for customers to apply. The possibility of automated auto-filling of customer data from open data sources makes the application process effortless. 
  3. Accurate risk management. Insights generated by advanced analytics can simplify the risk management process and make it more accurate.  
  4. Consistent decision-making. Accurate risk management and simplified application processes facilitate more efficient decision-making. 

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Basic features of tailor-made insurance underwriting software 

Automated data gathering and processing 

Automated insurance underwriting software streamlines data gathering and processing by getting rid of the necessity for manual data entry. Thorough automation cuts down the risk of manual input errors while boosting data accuracy. 

Customization for different business lines 

Tailor-made insurance underwriting software lets you organize and optimize underwriting processes based on various insurance types or business lines. Whether dealing with life insurance, P&C, or any other niche, the software adapts to the specific requirements of each sector. 

Integration with external data portals 

Smooth incorporation with additional data sources gives underwriters an all-around view of risk factors. Insurers get to make in-depth, researched decisions and expand their underwriting capabilities with the help of diverse data pools. 

AI-powered risk assessment 

Integration of artificial intelligence empowers underwriters with advanced risk assessment tools. ML-powered algorithms can predict tendencies and user behavior patterns based on historical data analysis, granting a well-rounded outlook of potential risks. 

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About DICEUS

2011the year DICEUS was established
130projects delivered successfully
8offices around the world
GlobalDelivery Center in Poland
250full-time tech professionals
100IT services available

Custom insurance underwriting software development process 

DICEUS follows a well-adjusted SDLC to guarantee the successful implementation of custom underwriting software for insurance: 

Discovery The initial phase is a detailed exploration of client requirements and industry specifics. Understanding the client’s unique needs forms the foundation for the following project development stages. 
Design We design a user interface with a huge focus on ease of use and intuitiveness. Our goal is to tailor a seamless experience for both insurers and end-users, emphasizing ease of navigation and expansive functionality. 
Development The engineering stage is where we create insurance underwriting software with precision. We add advanced features and functionalities, incorporate integrations, and set everything in motion according to the initial requirements. 
Testing Rigorous testing procedures allow us to identify and rectify any potential issues, be they visual, functional, or technical. At this stage, we polish up everything built so far for the ultimate reliability, performance, and security. 
Deployment We expertly handle the smooth integration within the existing infrastructure. Our experience and expertise help us handle deployments with precision, minimizing disruptions and ensuring optimal performance. 
Support Lastly, we offer continuous support and maintenance to address your evolving needs. With reliable ongoing support, you may rest confident that your software operates at peak efficiency on all sides. 

Aspects to consider when building a bespoke insurance solution 

Flexibility 

A good bespoke insurance underwriting system smoothly adapts to difficult situations like peak traffic load, performs equally well in changing environments, and expands without the necessity to refactor things. 

Scalability 

High-quality software should also be adaptable to volatile market dynamics and evolving business needs. The software must be open to seamless modifications and updates, which calls for clean code and up-to-date designs. 

Interoperability and compatibility 

Seamless integration with existing systems and compatibility with industry-standard technologies are essential. The software should effortlessly interface with various platforms and technologies. 

Security and compliance with regulations

Compliance with regional and international regulations in the industry is simply necessary. Protecting sensitive data is paramount; the software should stay in tune with all major regulatory frameworks. 

Our technology stack

Client reviews

Elena Markova

Elena Markova

Board Member, UNIQA Ukraine
riskville

We were impressed by the depth of the UX analysis they did in terms of our customer’s research, buyer persona creation, user journey mapping, etc. All the information like research findings, for instance, was presented in a clear form (presentations, Miro boards, clear infographics) so it was quite easy to understand what we need to build and why.

Antoaneta Karagyozova

Antoaneta Karagyozova

CPSO, Fadata
fadata

We are happy with DICEUS’ software implementation services. The team’s workflow is highly effective and professional in all aspects of the engagement. All clearly understand what goals we’d like to reach and do their best to do that as efficiently as possible. Overall, the partnership has been successful.

Phil Reynolds

Phil Reynolds

CEO, BriteCore
britecore

The DICEUS team has consistently supported the BriteCore team for many years. Their engineers are well-educated and highly invested in the ongoing quality of the BriteCore platform with sustained relationships that extend over four years. We appreciate everything the DICEUS team brings to the table as a development partner.

Our case studies

FAQ

What is bespoke insurance underwriting software? 

Custom-designed insurance underwriting software is a system, platform, or any set of tools aimed at automating and facilitating the underwriting tasks of carriers. Going for insurance underwriting software development, you get a solution tailored to specific requirements. 

How does custom insurance underwriting software work? 

The software automates data gathering, processing, and risk assessment, utilizing advanced technologies such as artificial intelligence to improve efficiency and data consistency. It creates a streamlined workflow for insurers, minimizing manual interventions. 

What are the advantages of using custom underwriting software? 

The advantages encompass efficient decision-making, improved risk assessment, accurate data analysis, and streamlined automated processes. Ultimately, the software enhances overall operational efficiency and the quality of underwriting decisions. 

How to choose the best custom insurance underwriting software development company? 

Selecting the right tech partner is crucial. When weighing your options, consider factors such as experience, expertise, client testimonials, and the ability to deliver tailor-made solutions. Look for a one-stop insurance underwriting software development company with narrowed-down specialization for the best results. 

Why is custom software essential for insurers? 

Custom software is essential for insurers seeking to stay competitive in a fierce market. It enhances operational efficiency, mitigates risks, and ensures accurate decision-making. By optimizing workflows and using advanced technologies, insurers can adapt and persevere in the field. 

Software solutions bringing business values

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