Insurance Software Solutions
Improve enterprise operations through our intelligent insurance solutions, built to secure, manage, and analyze data for optimal business results
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DEPS
Document processing, data extraction software
AI Document Processing solution designed to automate complex document processing with an AI approach for cost-effective, rapid, and highly accurate results
InfoNgen
AI-Powered Text Analysis Software
InfoNgen is an AI-based text analytics and sentiment analysis platform
MIS-Platform
Medical Information System CMS
Flexible cloud-ready accelerator for creating custom EHRs, registries, or HIS with a low-code approach built upon HL7 FHIR data storage.
Sybase to PostgreSQL Modernization
Sybase Migration & Modernization
Migrate and modernize Sybase SQL Anywhere and ASE to PostgreSQL with AI-driven automation: 40% faster, 2× cost reduction, 10× faster reconciliation and >99.5% data accuracy.
Product Integrity Risk Assessment
GenAI Application Security Assessment
Protect your GenAI solutions with our advanced risk assessment, powered by NIST AI RMF & OWASP. From design to deployment, we deliver deep security and real-world testing to stop emerging threats
Horizontal Solutions applicable for the Insurance
ELITEA
AI workflow automation tool
AI collaboration platform designed to collect and manage Gen AI related assets and integrate them to our everyday tools and workflows test
migVisor Suite
Tools for data migration and modernization
Suite of products, designed to automate the process of data migration & modernization from legacy technologies to modern cloud-native data platform
Vividus
Codeless test automation tool
Vividus is a codeless test automation tool designed to automate testing scenarios and streamline the push to CI/CD
EPAM Azure Landing Zone
Enterprise-scale, secure Azure environment
A comprehensive service designed to accelerate the adoption of Azure Cloud services by providing a secure, scalable, and well-architected foundation for your Cloud.
Healenium
Self-healing test automation tool for web
Healenium is a testing framework extension that improves the stability of Selenium-based tests
EngX Assessment
Elevate Value Stream Efficiency
Seamlessly align engineering operations with your business objectives leveraging proprietary Engineering Excellence (EngX™) framework
EngX
AI-Powered User Guide Accelerator
Intelligent Tool for Faster Onboarding
Enhance onboarding experience with an AI-powered User Guide Accelerator offering interactive, step-by-step assistance.
The insurance industry is facing a huge digital transformation improving operational efficiency, policy administration, and customer relations. Various insurance solutions enable workflow automation changing the way insurance professionals deal with complex and time-consuming tasks including:
Insurance software is a powerful tool designed to help insurance carriers, agencies and brokerages manage their operations more efficiently. By combining Business Process Management (BPM) and Customer Relationship Management (CRM) functionalities, insurance software usually provides an all-in-one solution for managing the policy and claims information of customers as well as teams within an organization. In addition, users can do everything from checking policy information to filling out forms and making online payments with ease. This way, both administrative business processes and customer interactions are covered by one single solution.
There are multiple types of insurance software that have different features. The choice can depend on company size and the specific needs of independent agencies, but most of them provide a comprehensive set of functions and features that can improve insurance business processes in many different ways. Here are some of the benefits insurance software solutions can bring.
Before the development of software solutions designed for insurance agents, they used to perform various tasks manually - manage insurance policies, collect information about existing and potential customers, provide quotes, or generate leads. Thanks to emerging software solutions, these repetitive tasks are mostly automated saving the agents' time and improving customer satisfaction.
As in many other industries, document management is among the most error-prone and time-consuming tasks. Data dispersed among different document formats received from numerous data sources is difficult to process and use. That's why software solutions like DEPS or InfoNgen are used to process all the information and provide meaningful and actionable insights to insurance firms.
Insurance software can improve customer experience in a number of ways. Customer-facing applications and website functions enable customers to obtain information or carry out certain tasks without insurance agents' assistance. Also, it helps insurance companies provide customers with accurate and reliable data in a timely manner.
Trying to manually follow and implement ever-shifting regulations is not only time-consuming but can also cause quite costly errors. Insurance software can increase efficiency here as well by automatically pointing to any areas that demand action.
As previously mentioned, insurance solutions can automate workflows and numerous manual tasks thus reducing the number of people performing them and the costs associated with them. Automation also decreases the risk of making errors which also saves money.
As a leading global digital transformation company, EPAM relies on its engineering expertise, experience, and design-driven approach to meet the needs of the ever-changing insurance industry. Using our solutions and advisory services insurance companies are able to deliver outstanding services and optimize the insurance value chain.