Insurance Software & Services
Insurance Policy Administration Systems
Tell us about your project.
Drive growth, enhance customer experiences, and remain competitive in the fast-evolving insurance market.
Why Choose Orases?
At Orases, we specialize in transforming the way insurance companies operate and serve their customers by offering advanced Insurance Policy Administration Systems. We enable insurance entities to modernize and digitize their legacy systems, promoting growth, enhancing customer experience, and facilitating innovation.
The insurance industry is plagued by outdated legacy systems, limiting growth potential, and hindering the attainment of digital transformation objectives. Our systems serve as the digital core for insurance organizations, providing advanced capabilities and solutions to navigate the challenges posed by the evolving market demands and consumer expectations.
Custom Insurance Software We Develop
Engaging solutions that are proven to work.
Orases has developed a wide range of custom insurance software solutions across a multitude of industries over the years. Here is what we offer our business clients, regardless of the size or industry they operate in:
Insurance ERP Software
Our insurance ERP solutions personalize customer service with instant data access, automate marketing, and reduce manual errors. This boosts efficiency and cuts costs. Gain a 360-degree view of your company, improving decision-making and profitability
Insurance CRM Software
Improve your insurance business with Orases’ CRM software. Designed for the insurance industry, it streamlines operations, enhances customer relations, and boosts sales efficiency. Automate tasks and improve data management for better productivity.
Insurance Mobile Applications
Orases leads with innovative mobile insurance solutions, optimizing operations and enhancing customer interaction. Our apps prioritize user experience, analytics, AI integration, scalability, security, and customization, ensuring client satisfaction and industry success.
Insurance Quoting Software
Streamline your insurance quoting with Orases’ software, designed to deliver quick, accurate quotes for various insurance types. Enhance customer experience, build trust, and boost efficiency with features like policy configuration, multi-line quoting, and e-signatures.
Insurance Workflow Automation Software
Our technology streamlines operations and ensures compliance. Key features include process design, task assignment, document management, decision automation, role-based access, and audit trails.
Insurance Claims Management Software
Upgrade your insurance operations with Orases’ innovative claims management software. Designed to enhance customer satisfaction, our solutions automate tasks, reduce manual errors, and offer real-time claims visibility.
Insurance Policy Management Software
Orases significantly improves insurance management with user-friendly software. Boost efficiency, enhance customer service, ensure compliance, and streamline operations.
Notable Features & Functionalities Insurance Policy Administration Systems Offer
What Orases policy administration systems can provide for you.
By integrating our system, insurance providers can effortlessly improve policy administration and ensure the delivery of premium services to their policyholders.
Enhanced Organizational Agility
Our systems are designed to foster innovation and adaptability, allowing insurance companies to efficiently align their strategic objectives with their operational capabilities.
Data-Driven Decision Making
With advanced analytics and AI, our systems enable data-intensive workflows for underwriting and rating, providing valuable insights and aiding in informed strategic decisions.
Innovative Product Development
Facilitating rapid product development and adaptation to market demands, our systems allow insurance companies to stay relevant and competitive in the dynamic insurance market.
Strategic Partner Engagement
Our solutions offer plug-and-play capabilities, simplifying data and workflow integration and fostering effective engagement with brokers, agents, and other industry partners.
Advanced Customer Experience Solutions
Delivering hyper-personalized and streamlined interactions, our systems facilitate seamless policy reviews, claims submissions, and policy modifications, meeting and surpassing modern consumer expectations.
Improved Operational Efficiency
By replacing outdated platforms with our modern solutions, insurance companies can streamline their processes, reducing maintenance efforts and costs.
Enhanced Product Diversity
Orases’ systems support the development and management of a diverse range of products and options, allowing insurance companies to better cater to the evolving market needs.
Strategic Innovation & Growth
Our advanced systems enable insurance companies to align their technology investments with their innovation and growth strategies, ensuring sustained competitiveness and market relevancy.
Risk Assessment
Our systems provide tools to evaluate the risk profile of applicants using data analytics and automated rules.
Insurance Policy Administration System Development Costs
A frame of reference when planning for your organization’s policy administration system project.
Pricing for custom system development can vary greatly, depending on functionality/feature requests, technology stack requirements, and expected completion timeline.
$50,000 – $200,000
Developing smaller general software solutions with some complex features.
$500,000 – $1,500,000
Developing specialized software programs that can be designed for customer use.
$2,000,000+
Developing massive software projects designed fully automate large business operations.
The Orases Process
How we work, from start to finish.
Our insurance policy administration system development team has years of experience designing and developing unique & innovative custom software using a streamlined, repeatable process.
Idea
This involves documenting key business processes and eliciting needs and concerns from stakeholders. Additionally, risks associated with introducing new software are evaluated, and mitigation measures are planned. For commercial software products, this phase also includes conducting competition analysis, understanding the target audience’s needs, defining product differentiation, and addressing obstacles to market entry, such as regulatory barriers.
Define Goals
Defining goals involves composing a comprehensive list of requirements and expectations, ensuring alignment between stakeholders and the development team. By starting with a precise definition of the project’s specific requirements and scope, clarity and focus are ensured, laying a solid foundation for the development process to follow.
UX/UI Design
UX/UI design will determine the software’s appearance at the user level, defining app architecture, and integrating existing enterprise systems for cost-effectiveness and reliability. Additionally, UX research is conducted to outline user personas and scenarios, followed by the creation of wireframes and clickable prototypes to visualize user interactions.
Development
Our development team begins working on the essential components of the software. This involves continuous delivery of new software parts, with ongoing analysis of emerging needs and release planning. Mockups are delivered and reviewed to ensure alignment with requirements before developers proceed with developing, testing, and migrating approved software parts to staging and production environments for deployment.
Testing
Orases will conduct thorough verification of functionality and performance, including performance monitoring and utilizing analytics tools for ongoing evaluation. Feedback is gathered from project sponsors and users on the results of the release, and the outcomes are reviewed to approve the scope of the next release. Continuous improvement is prioritized through iterative testing and refinement based on insights gained from monitoring tools.
Deployment
Deployment involves pushing the finalized product to the live server and conducting user testing to ensure it meets stakeholder expectations. Additionally, software monitoring processes are established to track performance and address any issues that may arise post-deployment.
Training & Support
This step includes conducting project evaluations and performing knowledge transfer sessions to your in-house IT team or other vendors involved. Comprehensive training and documentation are offered to users, empowering them to utilize the software effectively. Finally, a final report is provided, and confirmation for project closure is requested to conclude the development cycle.
Awards & Recognitions
Proof our insurance policy administration systems continue to excel.
Our Insurance Policy Administration Systems Speak For Themselves
But so do our clients.
Logan Gerber – Marketing Director at NFL Foundation
“Orases successfully built efficiencies into our prototype and delivered a high-quality platform.”
Matt Owings – President at Next Day Dumpsters
“They’re honorable, reputable, and easy to work with. They genuinely care about the outcome and want to do a good job.”
Donald J. Roy, Jr., CPA – Executive Vice President at American Kidney Fund
“Orases built a platform that’s boosted productivity by about 30%…”
Torey Carter-Conneen – Chief Operating Officer at American Immigration Lawyers Association
“Not only do they want to succeed, they strive to produce functionally and visually unique software.”
Frequently Asked Questions
Answers to the questions that’s been on everyone’s mind.
How Does a Policy Administration System Improve Operational Efficiency?
A PAS improves operational efficiency by automating routine tasks, streamlining workflows, and providing a centralized platform for managing all policy-related activities. This reduces manual effort, minimizes errors, speeds up processes, and allows staff to focus on more strategic tasks.
Can a Policy Administration System Integrate With Other Systems?
Yes, a PAS is designed to integrate with various third-party systems such as CRM, financial systems, payment gateways, document management systems, and data providers.
How Does a Policy Administration System Help With Regulatory Compliance?
A PAS helps with regulatory compliance by providing tools for automated compliance checks, maintaining audit trails, generating required regulatory reports, and ensuring data protection through robust security measures. This helps insurers adhere to industry regulations and standards.
Is a Policy Administration System Customizable To Fit Specific Business Needs?
Yes, most PAS solutions are highly customizable. Insurers can tailor the system to their specific business processes, workflows, product configurations, and reporting requirements.
Featured Insights
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