endorsedCompleted

SaaS Platform and API Integration for Insurance Claims Automation

Services Covered:

Custom Software Development • API Development • AI and Machine Learning • Cloud Consulting and Services

Industry

Financial Services

Duration

9 months

Budget

200K - 999K

Start Date

1 February 2022

Team Size

6-10 Employees

Engagement Model

Onshore

Project Capability Score (PCS)

79/100

Good

Project Capability Score (PCS) estimates how capable EVNE Developers is of successfully delivering a project like this, based on its past experience, track record, and ability to handle similar work. Learn more about PCS

Client

Confidential

Munich, Germany

Project Summary

EVNE Developers built a SaaS platform for an insurance company, developing customizable APIs and an AI-based analytical module integrated with the client's existing systems. The solution automated claim resolution and added fraud-prevention capabilities while enabling a shift to cloud services that reduced backend infrastructure needs. The project reduced claim-handling costs and fraudulent attacks and was managed by a dedicated project manager with regular stakeholder collaboration.

Key Challenges

Provide a product enabling a wide range of insurance solutions for casualties and compensations
Use a SaaS distribution model to meet requirements for fast delivery, decentralization, and regulatory coherence
Deliver and integrate multiple APIs into the existing system
Add an AI-based analytical module to support fraud detection and fast-track breach handling

Project Deliverables

Customizable APIs
AI-based analytical/prediction module
Fraud prevention module
Integration with the client's existing systems
Testing and quality assurance

Project Solution

EVNE Developers designed and built a SaaS product by creating several customizable APIs, implementing a specialized automated claim-resolution flow, and developing an AI-based analytical module for prediction and fraud detection. They integrated these new modules with the client's existing systems, implemented shared intelligence between systems, and completed testing and QA to finalize the product.

Project Outcome

Claim-handling costs reduced by 20%
Fraudulent attacks reduced by 70% within six months
Reduced need to invest in backend infrastructure due to cloud migration
Automated detection and management of fraud at every stage of the claim
Improved speed, flexibility, and service quality leading to expected market growth

Platforms

SaaS
Cloud

Tech Stack

Ruby on Rails

Client Endorsement

Overall Review Rating

Timeliness

Cost Rating

Willing to Refer

Quality of Deliverables

“EVNE Developers, LLC's solution enabled the client to offer fast, flexible, fair, and high-quality services to the market while reducing claim-handling costs by 20% and fraudulent attacks by 70%, protecting the company and customers. The team kept everything on track and provided valuable ideas.”
Anonymous
Project Lead
Date: 12/01/2022