Top 10 Insurance Software Development Companies in 2025
When contacting an insurance software development company, owners strive to make their business a flexible and innovative machine ready to take on the challenges of the 21st century. Reviewing the market for developing such programs, we have identified the top ten representatives ready to create reliable individual algorithmic solutions.
Providing insurance software development services, different consultants focus on distinctive modules depending on the needs of clients and their specifics. But all the developers presented in our analysis meet high standards of reliability, have proven acumen and successfully implemented cases.
In addition to researching insurance software development companies, we have also prepared for you a description of the products that such contractors can make, a list of criteria for designating the best of them and a summary of the price of this type of work. All this will help you find someone who will arrange a perfectly tailored deliverable, concentrating on innovation.
List of firms offering insurance software development services
Founded: 2017
Headquarters: London, United Kingdom
Our partnership is characterized by robust cooperation, wherein we take ownership of every technology-related responsibility, diligently investigate your requirements, and offer continuous support throughout the complete product creation cycle. Our proficiency of more than 10 years in launching charge-effective architectures allows us to take a leading position in the sector.
Thanks to competently produced codebase, we help bypass competitors and achieve success in such a serious industry. The establishment of more than 200 successful initiatives for businesses worldwide supports our assertions.
Key services:
Reach out to Limeup team and discuss any insurance software development challenges you might face.
Why choose us:
Working with us reduces time and financial investment while increasing your chances of success. The top 1% of the best authorities in generating digital masterpieces are ready to share their competence and ability to apply innovations.
Select case studies:
- Limeup has generated a secure online platform for Trading Finance that takes convenience and safety to new heights. The computing item facilitates monitoring through trusted intermediaries, and the tailored architecture from the ground up resonates with users.
- Fintech vendor i88 asked our gurus to produce a modern and user-friendly portal, which the group of coding professionals implemented through efficient functionality and intuitive navigation.
- We developed a digital insurance platform for Apex Assure, enabling users to access customized policies in just a few clicks. Limeup’s team handled the full product development cycle — from UX/UI design to web and mobile engineering — resulting in a seamless and intuitive customer experience.
- Conduct further investigations into various success stories.
Founded: 2017
Headquarters: Berlin, Germany
impltech specializes in modern configurable engineering packages that successfully adapt each product to individual needs by designating the next-generation technologies. They are capable of inventing bespoke executable packages, as well as corporate orders and upgrading outdated infrastructures.
Key services:
Industries:
Why choose them:
Deep understanding and significant mastery in compliance with regulatory governance, fraud prevention methods, KYC, etc., helps the technical squad to implement the best automated ideas for documents, requests, and risk control in their deployments.
Select case studies:
- impltech has put maximum effort and skills into establishing an efficient and invulnerable platform for Traders.One. The result is a combination of cutting-edge technology with an attractive user interface and experience, with an emphasis on defended data storage and hassle-free running.
- To bring into being a complex design for a Trading platform, impltech employees took care to draw on smooth navigation, considering adjustability to different devices, and brought into play all the sector’s best practices to make data analysis and risk assessment more forceful.
- See more in the catalog of works.
TechMagic
Founded: 2014
Headquarters: Kraków, Poland
This respectable partner has over 200 successful campaigns under its belt, built by 350 cyber experts. With a deep understanding of the critical importance of cybersecurity in today’s technology-driven world, TechMagic also provides specialized inviolability amenities.
The assigned provider proposes processing framework modules that initiate with innovative ideas and conclude with their execution, as well as the enhancement of current structures to boost their efficiency. By affiliating with TechMagic, market players can fully leverage the potential of technology-focused demands processing packages.
Services: Custom software dev, mobile app building, AI constructing, cloud consulting.
Industries: Risk management , medical, media, informational technology.
Why choose them:
Among the assistance that this collective is proud of are assistance in implementing individual protection solutions, document governance systems, risks, calculation of quotes and analysis algorithms. And this is only a small list, which can be expanded upon the endorser’s request.
Select case studies:
TechMagic has been contracted by a multitude of enterprises, as illustrated by the portfolio of works resulting from partnerships with Boopos, TITAN, Bluepallet, and other notable entities.
N-iX
Founded: 2002
Headquarters: North Miami Beach, FL, USA
With over 2,200 professionals in 25 countries across Europe and America, N-iX offers expert modules in embedded machine logic. With more than twenty years in the arena, they have worked with dozens of field leaders and Fortune 500 corporations.
The unique combination of business background and applied know-how enables the vendor to effectively collaborate with independent deployment packages suppliers, technology hubs and entities of all sizes.
Services: Software development, IT staff augmentation, BI & big data advisory & SI, AI crafting.
Industries: Financial protection, manufacturing, retail, financial resources, healthcare, automotive.
Why choose them:
Cooperation with N-iX helps solve the most common problems of insurers — the global gap in protection and growing demands for social and ESG engagement. Automation of document preparation and underwriting, unification of internal setups, and reengineering of applications are only a tiny part of the allowances offered by this executor.
Select case studies:
Over the years, their adeptness has translated into transformative solutions for brands like Innovation Group, Currencycloud, and Recorded Future, among numerous others.
Avenga
Founded: 2019
Headquarters: Kuala Lumpur, Malaysia
For over 20 years, Avenga has successfully delivered machine-driven advancements, including digitalizing complex actuarial products, fraud detection panels, and advanced BI toolkits for effective decision-making and proper monitoring.
Technology and a balanced strategy enable the implementation of significant originals with integrated value, which is included in every segment of comprehensive mechanism support for insurers.
Services: Custom software creation, cloud mentorship, CRM consulting, IT staff augmentation.
Industries: Insurtech solutions, medical care, pharma & life science, automotive.
Why choose them:
Avenga creates intuitive, user-friendly programmatic products that guide consumers through the underwriting way and foster engagement. Modernization and a focus on unconventional brainchilds ensure constant adaptation to the sphere’s changing realities.
Select case studies:
The agency’s reputation is supported by featured projects highlighting its involvement with applications including IQVIA, Intel, SwissLife, and additional outcomes.
Binary Studio
Founded: 2005
Headquarters: L’viv, Ukraine
Two decades in tech have taught these engineering minds to see beyond the code so they can center on what matters: venture value, not fleeting trends. By approaching each concept with an open mind and carefully launching a long-term infrastructure, the team ensures that the deployment they build will evolve along with their mandators’ ambitions.
Services: Software construction, mobile application implementation, web development.
Industries: Financial security, medical, real estate, education, fintech.
Why choose them:
Over 60% of Binary Studio’s master plans start with a colleague’s recommendation because the vendor’s reputation is built on transparent communication and results that can be relied upon. This contractor prefers mutually beneficial partnerships to dubious short-term victories, so everyone who applies gets complete immersion in the idea and high-quality finesse.
Select case studies:
Over the years, their bank of solutions has powered institutions like EasyMoney, Indigo, Options Plus reinforcing their know-how across dissimilar tech stacks.
CHI Software
Founded: 2006
Headquarters: Limassol, Cyprus
CHI Software is helping to establish a whole new era in the claims industry through high-precision engineering, leveraging the added value of AI and big data. It is worth noting that this enables the formation of enterprise resource planning (ERP) constructs, predictive analytics tools, and document filing and organization modules.
In fact, as real magic, AI tools help to promptly answer frequently asked questions, explain details in detail, or initiate small personalized suggestions based on the user’s history.
Services: Generative AI, custom software development, IoT formation.
Industries: Information technology, risk management & financial security, media, education.
Why choose them:
In a major breakthrough, CHI Software opened a center in 2019 that focuses on AI research and development to further strengthen its commitment to innovation and open up new horizons for partners. This helps quickly identify workflow bottlenecks and low-value operations that hinder commercial blooming.
Select case studies:
Their impressive project repository highlights successful deployments, emphasizing a commitment to quality and efficiency.
Innowise
Founded: 2007
Headquarters: Vilnius, Lithuania
Innowise is a dominant contractor specializing in developing advanced technologies that help risk coverage institutions optimize policy operations, improve accuracy and control, and enhance consumer service.
Combining extreme mechanical skills with merchant competence accumulated over the years, specialists solve problems of any complexity and scale, always following the highest coding quality standards and a philosophy of sharing smart discoveries.
Services: Blockchain, AR/VR structuring, custom software building, cloud optimization.
Industries: Insurtech, automotive, government, education, gaming, gambling.
Why choose them:
This division is more than 1,600 top-notch IT mavens who use their acumen in codebase crafting to make clients’ entities more innovative and successful. Focusing on automation and inspiration, Innowise delivers implementations that help save time and stay ahead of the competition.
Select case studies:
Due to NDA provisions, detailed information about sublicensees cannot be disclosed, but the extensive portfolio of works demonstrates the production of cutting-edge digitized packages.
Itransition
Founded: 1998
Headquarters: Tbilisi, Georgia
With over 25 years of proficiency in configured computing items production, these experts can deliver actuarial modules of varying complexity and functional range, and meet the needs of operations from various niches.
Creating digital advancements that automate and streamline insurance-related protocols such as demands and policy control, underwriting and billing, actuarial modeling, and consignee handling are masterfully handled by Itransition strategists.
Services: Software engineering, AI integration, BI & big data consulting & SI.
Industries: Risk management, fintech, IT, business assistance, media, medical, retail.
Why choose them:
Itransition has been recognized by distinctive discipline bodies as one of the world’s leading code-powered subcontracting service providers and is listed in the Global Outsourcing 100 by the International Association of Outsourcing Partners (IAOP).
Select case studies:
From concept to deployment, they have solved complex challenges, delivering scalable infrastructures for Iotatech Ltd., ISC, Maximus Inc. and tons of others, which you can spot if you look in the project highlights.
DICEUS
Founded: 2011
Headquarters: Wien, Austria
From day one, DICEUS has been dedicated to giving claims agencies a boost by modernizing their tech. Its expertise includes executable tools unification aimed at continuously delivering superior user experience. Tailored health, life, travel, and auto risk coverage designs can operate as part of a multi-channel ecosystem or as a standalone mechanism.
Tailored protection products from this supplier enable a personalized client journey, reduce turnaround times, and, through specialized analytics, provide a 360-degree view of patrons.
Services: Cloud & SI, IT strategy advisory, custom software structuring, web design.
Industries: Policy market, financial amenities, information technology, healthcare.
Why choose them:
The advantages of DICEUS are a flexible approach to code convergence and project administration, operational engineers from junior to senior and techy managers, a transparent tariff card, T&M models, and the involvement of a dedicated workforce.
Select case studies:
Numerous professional firms expressed interest in the opportunities presented, as detailed in the creative portfolio with campaigns for TeamBase and BriteCore.
What are the companies that create insurance software?
To succeed in a rapidly evolving market, actuarial hubs must adapt and invest in deliverables to develop specialized initiatives for this niche. Such objects help agencies, brokers, and agents save time, reduce costs, and improve the efficiency of their activities. At the same time, such combinations from insurance software development companies provide a better way to manage incorporated operations, optimize tactics and support requesters.
The main types of regulatory compliance systems include diverse modules aimed at assorted aspects of regulatory compliance activities:
- policy regulation,
- workflow automation,
- enterprise risk management (ERM),
- customer relationship management (CRM),
- coverage demands supervision,
- underwriting,
- business analytics,
- field representative protection,
- agent portals.
Associations engaged in cybernate help of insurance activities offer their seeker’s several bonuses, including scheme optimization, an increase in the level of personalization, and compelling analysis of data and risks. Moreover, information security and protocol compliance are not just a fad in this area but an absolute must-have.
This is why when planning to hire software developers, you should ensure that they are well aware of the existing norms and standards, confirming that no preservation issues arise in the future.
As part of their buildouts, engineers can also rebuild existing structures, eliminating flexibility issues and automating rules or price updates while implementing new instruments that allow for the easy and efficient provision of dynamic quotes based on user preferences and the generation of straightforward applications reporting.
In this way, cooperation with market players can improve existing methods, increase conversion, automate important areas, and stimulate revenue growth.
How to select an insurance software development company?
Today, when asking who to trust when developing a product for the claims sector, owners fall into the trap of oversupply. Based on the data presented in the Business Research study, the global insurtech market size is projected to reach $12.95 billion by 2032, growing at a CAGR of 3.60%.
That is why our experts have compiled a list of decisive criteria for choosing a worthy provider who is likely to not only solve your problems but also facilitate the path to prosperity.
- Background in discipline. Try to find representatives with at least 5 years’ tenure in this niche, since a certain period is required to fully understand the specifics of the direction and deeply study the protocol documents.
- Technical competence. Proficiency in programming languages most often used on this type of platform is a mandatory requirement. Among the most common are Java, C#, and Python.
- Compliance knowledge. Ensure that the leading insurance software development company is familiar with rules such as GDPR and HIPAA; it is better if this knowledge is confirmed by appropriate certification or documented practices.
- Integration skills. Assess potential partners’ ability to interact with existing CRM and ERP systems and, ideally, look at real examples of successful integrations.
- Support and maintenance. Analyze how much post-launch assistance fintech software development companies offer. A reliable agency will usually contribute 24/7 facilitation and regular updates and include this in the offerings provided in the contract.
- Cost transparency. Ask for a detailed breakdown of fees, including hidden fees, and aim to choose those who come up with a precise estimate, explaining the need for a particular payment.
Of course, during the selection route, you will evaluate vendor websites, portfolios of completed work, and reviews from previous partners. This will allow you to invent a complete portrait and decide who is on your path and who you trust the most.
How much do custom insurance software development services cost?
The worth of generating actuarial suites depends on several key factors and will vary depending on the capabilities and needs of the stakeholder. However, there are average indicators that can guide the consumer at the very beginning of the journey, when the process of discussing details has not yet begun.
Let’s first go over the key factors that determine the price of insurance software development, and then move on to the numbers. So, what should be taken into account when forming a future budget:
- The scale and complexity of the concept, since a simple beneficiary portal with essential functions and a complex compensation demand management system with advanced analytics and AI-based automation require very different time and resource costs.
- The functions, integrations and setup requirements also require different efforts from the implementation unit, and the insurance software developers themselves must be of a specific qualification and level of training to launch manifold formats.
- The location of the team and their hourly rates, which differ depending on where the office is based and how expensive it is for the contractor to maintain a particular specialist.
- The approach to crafting, also directly determines the fintech software development period, since when using the Agile approach, the patron receives continuous feedback over more extended periods, and the waterfall method, with its sequential nature, will minimize tariffs at the beginning, but can increase them due to the need for further edits.
- A technology stack that uses popular technologies, such as .NET, Java or Python, will be more cost-effective compared to the use of niche technologies that require gurus with special training.
- Compliance with regulatory requirements also increases the bill due to the need for additional expertise and rigorous testing.
| Basic insurtech software hybridization | ||
| Features | Estimated price-tag | Good for |
| Basic policy conduct with a simple customer portal and few integrations | $30,000 – $80,000 | Small agencies aiming to automate simple procedures without complex features |
| Mid-tier underwriting software construction | ||
| Features | Estimated price-tag | Good for |
| CRM-integrated claims control and customer portal featuring basic analytics and automated notifications | $80,000 – $200,000 | Mid-level insurers wanting enhanced integrated computing solutions |
| Advanced risk management software production | ||
| Features | Estimated price-tag | Good for |
| Comprehensive protection administration with AI underwriting, predictive analytics, and multi-channel support | $200,000+ | Large companies or corporations that require comprehensive and individualized solutions |
Looking for insurance software developers?
Gone are the days of filling out cumbersome forms and waiting weeks for a decision on receiving risk coverage offers. Today, clients want a seamless and personalized experience, with 24/7 access to resources across all digital channels. This is exactly what insurtech systemic hubs are focused on.
Since this arena is no longer a sleepy dinosaur, choosing a provider that will develop a solution for your agency should be based on advanced technologies. In our article, we have described in detail what criteria are important in the designation course, how to calculate the figure of custom insurance software development services and what to spotlight when signing a contract.
But if you still have questions related to this topic or you need qualified advice, schedule a free call to Limeup, where professionals with significant industry mastery can advise on the best solution for your situation or shed light on those points that raise doubts.
