InsurTech Solutions
Insurance application development
At Active Bridge, our dedicated developers craft secure and reliable InsurTech solutions, prioritizing the highest level of data integrity. We empower companies to automate manual operations and claims verification, minimize human errors, and enhance customer experiences through our expertise in remote technology.
Insurance industry expertise
Developing cloud software and applications for the insurance sector demands specialized expertise. With over 6 years of experience, our team has successfully launched numerous InsurTech projects, demonstrating a deep understanding of industry-specific challenges and requirements.
Industry-relevant tech stack
We are tracking the changing InsurTech market dynamics and constantly replenishing our solutions with innovative technologies.
Guarantees and confidentiality
We ensure our solutions are competitive, reliable, and scalable, instilling confidence in our clients. We prioritize confidentiality by signing NDAs and assigning specialists responsible for maintaining high-quality standards and compliance throughout the project lifecycle.
Insurance product design and development
Our dedicated development teams expertly manage the complexities of InsurTech product development, tackling challenges related to security, compliance, scalability, high-load capacities, and seamless third-party service integration, delivering robust and dependable solutions.
InsurTech product development services are handy for insurance companies, agencies, brokerages, and reinsurers that:
- provide life and health, property and casualty insurance services;
- provide workers claim compensation solutions;
- need to optimize internal workflows by automating routine tasks and enhancing them with data analytics;
- strive to provide an excellent customer experience.
of InsurTeach project development, from cloud hosting and UX/UI design, through app development and QA, to technical delivery, security compliance, maintenance, and support.
based on the agile practice that facilitates getting MVP in a short period of time and transforming it into a solid, scalable, and reliable product
of custom insurance product development based on wide experience in complying with industry and market regulations
Featured Case Study
Workers’ compensation e-Billing management cloud-software
- Contract type: development team augmentation
- Team size: 6
- Period of collaboration: 2015 - ongoing
- Client’s location: New York, United States
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DaisyBill is a mission-driven company that empowers healthcare service providers to streamline and digitize workers’ compensation billing processes. Through their innovative, data-driven Software as a Service (SaaS) platform, DaisyBill simplifies the complexities of workers' compensation billing, enabling providers to get paid accurately, efficiently, and without administrative hurdles.
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DaisyBill aimed to create Revenue Cycle Management (RCM) software to streamline how healthcare providers handle and submit workers’ compensation bills to employers. Workers' compensation billing is notoriously complex, time-consuming, and frustrating. The primary objective was to develop software that navigates through the maze of workers’ comp requirements and regulations, significantly simplifying the process.
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Active Bridge collaborated with DaisyBill to build a feature-rich, modular cloud-based platform designed to revolutionize workers’ compensation management. The platform automates manual operations, streamlines billing workflows, and integrates advanced analytics to simplify insurance processes. This innovative solution significantly reduces the administrative burden on healthcare providers and improves efficiency for all stakeholders.
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Ruby on Rails, PostgreSQL, TFA, Selenium, REDIS
Implemented Features
Features were implemented
DaisyBill workers’ comp technology provides a workflow solution that makes it easy for an employer’s team to systematically manage bill submission and payer responses.
Document Management and Verification
Secure storage of sensitive documents with import/export functionality. Comprehensive bill history with electronic receipts verifying payer receipt of bills and supporting medical records.
Billing Statistics and Reports
Custom analytics generating detailed reports on employer data, patient records, procedures, and claims to ensure compliance with workers’ compensation guidelines.
Compliance Validation
Pre-submission bill scrubbing alerts users to errors, ensuring regulatory compliance and reducing rejections.
RFA Delivery Verification
Retention of faxed RFAs within the system, providing proof of receipt by payers.
Task Management and Notifications
A Task Dashboard with automated tasks and reminder emails, alerting users of pending actions and deadlines.
Fee Schedule Calculator
Includes six separate Fee Schedules and five dedicated Calculators, each referencing specific workers’ compensation fee schedules.
API Integration
An API enabling seamless integration with existing RCM software, allowing data exports in CSV and ANSI formats.
What’s important in a full-circle insurance product development
User experience
InsurTech applications must look and feel friendly, unobtrusive, and reliable. Creating a user experience and interface that fulfills these demands requires both domain knowledge and software design artistry.
Legal compliance
Every InsurTech product is required to adhere strictly to existing laws and must be regularly updated to align with new regulations.
Cybersecurity
InsurTech product provides secure and reliable data storage, as well as infallible payment solutions.
Cloud computing
Processing vast amounts of sensitive information requires robust technological solutions, such as the cloud. It has proven vital in InsurTech software development.
In case you don’t know where to start your project, you can get in touch with our CTO.
We’ll set up a quick call to discuss how to make your project work.