Insurance Platform Services

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Digitalize Your Business With Damco’s Insurance Platform Services

The growing pace of digitalization has brought the insurance industry on the verge of a fundamental change. Under such a scenario, insurers are realizing the importance of creating platforms and ecosystems that help them mitigate risks and develop new sources for revenue generation. However, many of them struggle to build organizational and technical foundations needed to do so. These businesses require platforms that help multiple participants such as agents, brokers, carriers, and insureds connect, interact, and create value.

Damco’s insurance platform services are designed to shift insurers from complex core systems to agile, flexible, and innovative business models. Our powerful in-house technology platforms for insurance companies, MGAs, and wholesale brokers across value chains and lines of businesses have given us a unique edge in this space. We also possess strong capabilities in implementing and supporting third-party platforms such as Guidewire, Concentrix GIAS, Ingenium, Page, Majesco, Salesforce, and many more.

Powerful in-house Technology Platforms for Insurance

Tap Into Our Wide Range of Services to Experience Unhindered Growth

Damco’s insurance platform services are uniquely positioned to enable rapid renewal, process optimization, cloud transformation, and realignment of business models. Here are some of our key offerings:

Platform Consulting

Select insurance platform, develop a roadmap, create IT strategies, and implement change management approach.

Platform Development & Enhancements

Develop feature-rich platforms and undertake platform extension, customization, and feature enhancement.

Platform Implementation

Manage technical and functional design, workload integration, process configuration, and deployment.

Enterprise and Third-Party Integrations

Integrate insurance platform with other enterprise and third-party applications such as CRM, ERP, and portals.

Platform Modernization

Modernize legacy applications by moving them to cloud-based, microservices-enabled digital insurance platforms.

System Consolidation

Enable system integration and optimization to reduce siloed systems/applications and leverage a unified platform for easy user access.

Infrastructure Management

Maintain your cloud infrastructure and ensure systems are up and running with regular health checks by our experts.

Security Auditing and Testing

Ensure secure user access and data flow with our timely scheduled security audits and tests.

Help & Support

Leverage support features such as client helpdesk, incident management, issue resolution, and managed services.

Platform Expertise & Partnerships

We have partnered with some of the leading technology providers and our team holds deep expertise in implementing tech platforms such as:

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Gain a Competitive Edge With Our Insurance Platform Services

Quick GTM

Damco’s powerful insurance accelerators and speedy implementation strategy enable quick go-to-market strategies.

Reduced Ownership Costs

Expediting lifecycle by 35% helps reduce ownership costs by up to 25%.

On-Demand Resources

Global teams with 700+ experts with multiple skills and capabilities enable scalable insurance platform services.

Industry Experience

Experience across niche sectors allows us to offer customized solutions, services, and products.

Proprietary Solutions

Multiple proprietary solutions for enhancing operational effectiveness, digital transformation, and customer experience.

Insurance Insights

FAQs

Yes, every insurance business needs an ecosystem in the form of core insurance platforms to stay competitive, retain customers, and grow its business. An insurance management platform enables an agile, scalable, and digitally-fluent business model.

With our extensive industry experience, we are able to consult insurance businesses on insurance integration platforms, platform selection and building implementation strategies, based on the business needs. We have experience with leading tech platforms such as Salesforce, Pega, Nividous, DocuWare, AWS, Azure, Majesco, Guidewire, Concentrix, among others.

Insurance platforms help your customers manage multiple policies and claims, make payments, ask queries and get near-instant responses, receive personalized communications and services. All of this improves their experience on your platform and not only retains them as your customer but makes them your brand advocate.

The cost of a technology platform depends on various factors such as the modules selected, number of users, and selected subscription model. Get in touch with our experts to find out the exact cost.

Yes, Damco’s insurance platform for agents, brokers, and carriers comes inbuilt with external connectors or APIs that work with your existing insurance infrastructure and show you data points from disparate sources to help you generate business insights and enhance process efficiency.