Achieve Excellence in Insurance with Boolment

Do you have an idea to solve a problem you’ve identified in the insurance industry, but the complexities of compliance, data security, and the necessity of having cutting-edge software are preventing you from taking the leap? Well, Boolment is the partner you need. Our team of consultants, software engineers, and cloud engineers first understands your business requirements and expectations, then puts together end-to-end solutions that act as all the tools you would ever need to succeed. We take care of the fine print, while you focus on making business decisions.

Consult Our Experts
expertise 7+

Years of Expertise

developers 350+

Expert Engineers

Project Done 350+

Solutions Delivered

clients worldwide 350+

Clients Served Worldwide

What Boolment Offers

Cutting-Edge Solutions for Insurance Industry Problems

Insurance Underwriting Services

We take pride in our Insurance Underwriting services, having played a pivotal role in the risk management processes of multiple businesses across the insurance industry. Our consultants assist businesses in drafting conditions, financial requirements, and other policies with a focus on profitability for the business, all while maintaining transparency for the policyholder. Our services guarantee you a balanced risk portfolio for your business. We follow procedures that guarantee minimized financial losses from high-risk clients. These are some of the incentives you get when you choose Boolment.

Billing Gateways and Software

Boolment addresses the unique needs of your insurance business by providing customized payment gateways designed to be robust, secure, and scalable for the future needs of the business. Our solution guarantees that payments are processed efficiently without compromising on security. Our solutions seamlessly integrate with existing systems, minimizing downtime. With an impeccable payment system in place, your business will provide an exceptional user experience to customers.

Fraud Detection Systems

To ensure your business operations do not get compromised and your bottom line is not harmed, Boolment offers best-in-class Fraud Detection systems to businesses in the insurance industry. We design our solutions by leveraging technologies including artificial intelligence, data analysis, and pattern detection, among others. Our cutting-edge systems assist businesses in automatically detecting fraud attempts in real time and flagging them to the provider. We design our solution specific to your business requirements, ensuring it easily integrates with current mechanisms and drives business growth by keeping threats at bay.

Insurance Compliance Consultation

Our consultants provide expert advice as well as solutions that help businesses in the insurance industry operate in accordance with local laws and regulations. Boolment helps businesses with data protection laws, underwriting practices, and ethical claims management procedures. With our effective Insurance Compliance Consultation services, we ensure your business stays compliant, avoids penalties, and is able to maintain a trustworthy relationship with both customers and regulatory bodies.

Insurance Mobile Applications

The developers at Boolment design mobile applications with the sole purpose of providing an exceptional user experience, all while offering comprehensive details about insurance policies, payment due dates, terms and conditions, among others. We simplify the connection between the insurance provider and the insured by streamlining the process of contacting customer support, sending push notifications, and providing real-time claim status updates. By leveraging advanced technologies, we craft applications that improve customer retention and, as a result, give you the potential to scale your business to new heights.

Sales Dashboard for Insurance Policies

It is a major handicap when you don’t have an efficient sales tracking system in place. You miss out on significant business potential when you choose not to leverage the immense data at your disposal. This is where Boolment steps in. We build customized dashboards that provide comprehensive metrics into business operations, such as policy sales, customer acquisition, revenue, and many other key insights. Moreover, we power our dashboards with the latest technologies such as AI/ML for the purpose of displaying detailed insights, allowing you to create targeted marketing campaigns, among other benefits, hence driving business growth.

Insurance Policy Consultation

Boolment takes pride in having expert consultants in its ranks who provide expert advice to businesses in the insurance industry to create insurance policies that align with their business objectives. We conduct a comprehensive study of risk factors, the competition’s coverage levels, as well as local regulatory standards. Our consultants guarantee solutions that strike a balance between both the customer and the insurance provider. When insurance companies choose Boolment, they have access to resources that help in drafting policies that attract customers while minimizing risks.

Portal for Service Providers

With the increase in the scale of the business, it becomes difficult to manage all aspects of the business effectively, and hence, it might result in resource underutilization and wastage. However, Boolment provides software-based solutions that specifically address this issue. We keep in mind the requirement to maintain synergy between insurance companies, service providers, agents, brokers, as well as third-party providers while developing the portal for the insurance business. Our portals improve the flow of data, thus enhancing efficiency across all business operations.

Trending Technologies

Technologies You Can’t Afford to Overlook

cloud

Cross-Platform Development Frameworks

We take pride in having honed our expertise in frameworks such as Ionic, Flutter, and Compose Multiplatform to create applications that work across Web, Mobile, and Desktop platforms.

ai

Industrial IoT

We have and continue to solve problems for the manufacturing, supply chain, as well as the factory industry by providing expertly crafted Industrial IoT solutions for businesses, thus driving productivity and enhancing efficiency.

data science

Advanced Cloud Computing

We are market leaders in the latest innovations in cloud computing features such as edge computing, serverless computing, as well as multi-cloud strategies for sophisticated processing.

iot

Non-Fungible Tokens (NFTs)

We are one of the leading digital software solutions providers who provide robust NFT solutions to businesses involved in multiple industries such as gaming, collectibles, music, etc.

business

Mixed Reality (MR)

We are masters in combining elements of both Augmented Reality (AR) and Virtual Reality (VR) to create an immersive experience that blends digital content with the real world.

business

Smart Contracts on Blockchain

We craft smart contracts that execute by themselves based on the agreement written into code. Since they work on blockchain, the contracts we create enable automation and execution without intermediaries.

Our Diverse Technology Stack

By using cutting-edge tools and technologies, we drive excellence in every we solution we create.

32+ tools and technologies mastered

Here’s how we approach a project

Milestones in Our Insurance Solution Journey

  • research research

    Understanding Business Expectations

    Thorough discussion with business stakeholders, understanding current business operations, and documentation of expectations.

  • Design & Prototype Design & Prototype

    Market Feasibility

    Gauging the expectations to see if they can be achieved, studying the competition and their services, and identifying challenges.

  • Development Development

    Custom Software Development

    Creating software products customized to the unique business requirements, infusing the latest technologies, and conducting robust testing.

  • testing testing

    Release

    Software released for use by the target audience, strategies put into action, and merged into current business operations.

  • Deployment Deployment

    Ongoing Monitoring and Maintenance

    Observation of software and strategy in the real world, bug fixing and modifications based on feedback, and regular updates.

Why Choose Us

We understand the insurance industry's requirements inside and out

why choose us

Service for Every Business Operation

Boolment’s comprehensive set of services, including web or app development, enterprise software development, cloud solutions development, and consultation, guarantees that there isn’t any business problem that our team at Boolment cannot address.

why choose us

A Team Consisting of Top Minds in the Industry

We only employ individuals who are masters in their domain and share our values of innovation, collaboration, and transparency.

why choose us

Utilization of the Latest Technology

We frequently leverage data-driven insights to create solutions that not only look good on paper but also work as expected in the real world.

why choose us

Faster Time-to-Market

Since we follow an agile methodology for all our services, we are able to deliver solutions faster than our competitors in the industry.

why choose us

Flexible Pricing Models

Bring in any budget you feel comfortable spending, and our team will come up with strategies that extract the most potential out of it.

Case Study

Design For The Future

Case Study Name

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View Case Study

Case Study

Design For That Last Long

Case Study Name

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View Case Study
case study
case study

Industry Insights

Here’s what the numbers say about the Insurance Industry

Some sources estimate that the value of the insurance industry will reach $28.5 trillion by the end of FY 2032, growing at a compound annual growth rate (CAGR) of about 13.5%. This rapid growth has encouraged many businesses to enter the industry, with some surviving and thriving, while others fade into obscurity. Take a look at the major players leading the global insurance industry.

Top Domains in the Insurance Industry

  • on-demand delivery

    Health Insurance

    9.80% (CAGR)

    $6.2 trillion by 2032
  • on-demand delivery

    Life Insurance

    1.56% (CAGR)

    $3.84 trillion by 2029
  • on-demand delivery

    Commercial Insurance

    8.8% (CAGR)

    $1.9 trillion by 2032
  • on-demand delivery

    Auto Insurance

    1.56%(CAGR)

    $1 trillion by 2029
  • on-demand delivery

    Property Insurance

    9.8% (CAGR)

    $880 billion by 2029
  • on-demand delivery

    Long-Term Care Insurance

    5.8% (CAGR)

    $261.57 billion by 2032
  • on-demand delivery

    Travel Insurance

    20.1% (CAGR)

    $143.5 billion by 2033
  • on-demand delivery

    Renters Insurance

    6.4% (CAGR)

    $121.28 billion by 2028
  • on-demand delivery

    Pet Insurance

    17.97% (CAGR)

    $50 billion by 2034
  • on-demand delivery

    Disability Insurance

    11.45% (CAGR)

    $6.36 billion by 2028

Testimonial

Our Clients Say It Best

Edgar

CEO, Street Smart 242

Edgar

CEO, Street Smart 242

Edgar

CEO, Street Smart 242

Edgar

CEO, Street Smart 242

Edgar

CEO, Street Smart 242

Articles

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FAQ

Answers to the FAQs About Our Services

Yes! Boolment has software engineers with expertise in working with various technologies, including legacy systems. After gaining a thorough understanding of your expectations, our engineers leverage the latest tools and technologies to make your software future-ready, all while enhancing security and ensuring compliance with the latest industry standards.

No, we do not provide insurance. We provide services that transform operations for businesses operating in the insurance industry. We enhance the functioning of businesses in the insurance industry, enabling them to offer better insurance services to their customers.

Absolutely! Boolment takes pride in having served businesses providing insurance services across 20+ industries, including Oil & Gas. We offer our full suite of services to insurance businesses in every industry we serve. Rest assured, if you're an insurance business facing operational challenges, Boolment is the partner you need.

We leverage the latest technologies to develop software products that deliver comprehensive insights into key aspects of your business, such as sales, employee performance, demographics, and more. These insights empower you to make data-driven decisions, optimize operations, and set your insurance business on a trajectory for sustained growth.

We offer a flexible pricing model tailored to your business’s specific needs. The cost depends on factors like the size of your organization and the scale of your requirements. Rest assured, our solutions are designed to help you maximize the return on your investment, regardless of your company’s size.

While we specialize in providing solutions across more than 20 industries, our offerings for the insurance sector include custom software development, claims management systems, policy administration platforms, and customer relationship management (CRM) tools. These solutions are designed to streamline operations, improve customer experience, and drive business growth.

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