Skip to main content
Insurance Management System Banner
Finance

Insurance Management System

Delivered a unified digital platform for end-to-end insurance operations and claims management

Insurance Management System Banner

Overview

We developed a unified insurance management platform that streamlines claims processing, policy administration, finance and forex management, medical provider coordination, and customer inquiry tracking from a single portal. The system serves the client's core business of providing tailor-made health and travel insurance to individuals staying or visiting abroad for academics, expat assignments, and temporary relocations.

Customer

A global insurance software company delivering comprehensive policy, underwriting, and claims management solutions for insurers.

United States Icon
United States
Insurance Management System Case Study

Challenge

Our skilled developers have developed a web application that has improved the claim management process, data analysis, coordination with medical providers, finance and forex management, inquiry and feedback management, and various other processes. Our client offers tailor-made health and travel insurance to people who are temporarily staying or visiting places abroad. Here are some of the key challenges that we have addressed:

  • Scalable solution to analyze the policy and claim information.
  • A single system for all the claim management activity.
  • To establish Coordination between policyholders and medical service providers for claim management.
  • Manage all the data in one place.
  • Make a simple and fast process for claim verification.
  • Address feedback and queries of the customers - ratings, and comments.
  • Report generation as per the customer needs.
Insurance Management System Case Study

Solution

Our software developers have expertise in creating modern-age insurance applications with all the required and user-friendly features. For this application, they have used technologies like angular in frontend and .NET in the backend to make the application robust and fulfill as per requirements. This insurance management system offers different functionalities as shown below to overcome all the challenges faced by the client.

  • Policy Management Portal

    This module is used to manage all the policies, their premiums, deductibles, and more.

    • It includes policy features, and government rules and regulations.
    • It also includes policy type (i.e. travel policy), subscribers, their mode of purchase, time duration, and broker information.
  • Partners Integration Orchestrator

    • System users can create any data exchange transactions.
    • They can also configure mappings and apply rules to transform data structures between the 2 entities and then integration will occur based on configuration.
  • Claim Management System (User Side)

    This module allows users to manage their claims.

    • Generate the complete workflow and minute details of claims.
    • It enables the Submission of claims and claim Queries.
    • Takes into account necessary details of payment.
    • Users can also modify the previously entered details.
    • They can also track the status of their inquiry/claim.
  • Claim Management System (Admin Side)

    This module enables the in-house team to manage the end-user’s claims.

    • All the data related to the insured persons are configured here.
    • Also, data related to service providers and their agreements, office details, and supported payment methods are configured.
    • Admins can initiate payment from this portal in various currencies to the policyholders or directly to the service providers.
  • Finance Management

    This module enables managing finances, tracking the settlements, and keeping financial records.

    • Two types of payments can be initiated: one is Direct payment to the service providers and another is to policyholders.
    • Tracks and settles the single or multiple transactions of the policyholders.
    • Keeps record of the past financial data of the policyholders and calculates the premium accordingly.
    • Admins can also generate vouchers for the policyholders.
  • Inquiry Tracking System

    This module helps in keeping track of the claims and inquiries registered by the end users.

    • Global Admin and sub-admins can check, and respond to all the registered claims and inquiries.
    • They can track the inquiries with statuses like Open/InProgress/On Hold/Close.
    • They can also analyze all the inquiries in graph form.
  • Report

    This module shows the report of the policies.

    • Generate the detailed Report for the various policies with one click representing various graphical charts.
    • The report can be scheduled and delivered in various formats (i.e. Excel, Pdf, etc.)
  • Medical Service Providers Management

    This module is used to maintain the details about medical Professionals and their licenses as per the authority.

    • It stores the details of the health care providers e.g. Hospitals, Laboratories with their branches, associated medical professionals (surgeons, doctors), and services that they provide.
    • These details help to verify the claims faster and reimburse the claim amount to the policyholders.
  • Emergency Calling Management System

    This module manages the emergency calling system.

    • It enables the company to offer on-call medical and rescue services.
    • This helps in not laying out high hospital bills as the hospital will be directly contacted in case of emergency by the insurer.
  • Feedback System

    This module helps in managing the feedback.

    • To get feedback from the customer after closing any inquiry.

Expertise

Tools & Technologies

  • Angular
  • Jasper Report
  • C#
  • .NET Core
  • Oracle

Result

A well-structured and feature-rich claim management system developed by TatvaSoft offers innovative operational abilities. By taking advantage of our top-notch web application development services, the client was able to have a unique solution with the following benefits -

  • Ability to handle all claim management processes from one place.
  • A coherent solution for analyzing policy and claim information.
  • Centralize data management.
  • Reduce time for claim and policy verification.
  • Emergency calling center for customers.
  • Common communication platform for policyholders and medical service providers.

Ready to Build Your Custom Application Solution?

Tatvasoft is a reputed CMMI level 3 software and mobile app development company. When it comes to software development companies, Tatvasoft strives to be the best.

Request a Proposal Arrow Icon
United States Office
United States +1 503 832 4034
17304 Preston Road, Suite 800, Dallas, Texas, 75252 +1 503 832 4034
United Kingdom Office
United Kingdom +44 742 409 8452
307, Euston Road,
London NW1 3AD,
United Kingdom
+44 742 409 8452
Australia Office
Australia +61 3 9581 2659
Level 19/180,
Lonsdale St, Melbourne
VIC 3000
+61 3 9581 2659
Canada Office
Canada +1 416 567 7664
4711 Yonge Street,
10th Floor, Toronto, Ontario, M2N 6K8
+1 416 567 7664
Japan Office
Japan
902 Pearl Building,
Miyamae-cho 8-15, Kawasaki-ku,
Kawasaki-shi, Kanagawa,
210-0012
Saudi Office
Saudi Arabia +966 552 325 560
6th Floor,
Al Budoor Tower Prince Mohammed Bin Fahad Road,
Dammam 34251
+966 552 325 560
India Office
India +91 960 142 1472
TatvaSoft House,
Rajpath Club Road, Ahmedabad, Gujarat,
380054
1401-1409, RK Empire,
150 Feet Ring Road,
Rajkot, Gujarat,
360004
+91 960 142 1472