How to Build Insurance Applications Faster

Insurers need to be able to innovate faster.

In 2025, significant segments of the insurance sector are still struggling with incomplete digital transformation.

Legacy systems, cumbersome processes and high development costs have left many insurers looking for cost-effective alternatives to the traditional custom software development model.

Many companies when want to test out ideas for innovative insurance products are often constrained by their existing systems that don't allow for much customization of premium calculations and sales channels.

This environment demands a smarter approach – one that not only accelerates innovation, but also closely aligns with evolving business needs and market pressures.

Enter Openkoda – a transformative solution designed to accelerate the development of insurance software by up to 60%.

Speeding Up Insurance Application Development Using Openkoda

How can Openkoda speed up this process by that much?

The answer is simple.

You don't have to start from scratch when starting a new project.

The platform uses a modular architecture and pre-built components to significantly reduce development time, while maintaining the flexibility to customize key functionality without major backlog delays.

When choosing Openkoda you have two options: developing an app on your own using enterprise-ready core or working with Openkoda team to create your own custom software in record time.

Openkoda offers custom insurance app development services provided by a dedicated team of seasoned professionals.

This expert development team not only leverages the robust capabilities of the Openkoda platform but also brings deep industry knowledge and technical expertise to the table.

They guide clients through every phase of the process—from designing and developing to deploying new insurance applications—ensuring that even the most innovative solutions are delivered faster and more efficiently than the competition.

Key technical features of Openkoda include:

• Modular Architecture: This facilitates plug-and-play integration of various insurance components.
• Pre-integrated Compliance Modules: Streamlines adherence to regulatory standards.
• Customizable Business Rules Engine: This allows dynamic adjustments to underwriting and claims calculations.
• Real-time Analytics Dashboard: Offers immediate insights into operational performance. -** Cloud-native Scalability**: Ensures that the platform can grow alongside your business needs.

Example: Building an Automated Claims Management System

A mid-sized insurance company wants to develop a custom claims management system that streamlines claims processing, integrates fraud detection, and automates decision-making. The project requires:

**- A customer portal for claim submissions

• AI-powered analytics tool preparing raports
• Automated claim approvals based on predefined rules
• Integration with external databases** (e.g., policyholder verification, medical reports, and financial history)

How Openkoda Accelerates Development

Openkoda provides ready-to-use insurance modules, such as claims processing workflows, policyholder management, and reporting dashboards. Instead of building these components from scratch, developers can configure and customize them to fit specific business requirements.

• Example: The claims management temlate can be integrated in hours rather than weeks, as Openkoda provides ready-made data model, role-based security and custom privileges.

Unlike rigid low-code platforms, Openkoda enables rapid custom development using Java and standard technologies. This ensures that insurance companies can build unique features without vendor lock-in while still benefiting from rapid development.

• Example: Any developer familiar with Java tech stack can quickly adjust business rules for claim approvals using Openkoda’s engine, instead of hardcoding conditions manually.

Openkoda's Reporting AI is a feature that allows users to generate reports and query application data using natural language. This functionality enables decision-makers to extract actionable insights without relying on external reporting tools or manual database queries.

• Example: Reporting AI is a ready feature within Openkoda's suite. With a simple configuration with your database schema, your agents can use the power of generative AI in their day-to-day tasks.

Openkoda’s open architecture allows fast integration with third-party services, including identity verification, medical databases, and financial scoring tools.

• Example: Connecting the claims management system to an external medical database via Openkoda’s API connectors ensures real-time medical record validation, reducing manual paperwork.

With such a solid foundation, a working prototype of a custom claims application can be created in minutes, with subsequent iterations simply adding more advanced functionality.

Seems impossible?

Check out this quick demo to see for yourself:

Have a Game-Changer Insurance App Idea? Build It with Openkoda!

Groundbreaking ideas for custom applications can redefine how insurance business engage with clients and manage operations.

Unique concepts—ranging from leveraging AI for personalized risk analysis to integrating real-time data streams—offer distinct value that traditional off-the-shelf systems simply cannot match.

Openkoda enables innovators to translate these concepts into robust, agile solutions that stand apart in terms of functionality, scalability, and efficiency.

The possibilities are virtually endless.

Here are some types of applications that can be built using the Openkoda platform:

• Embedded Insurance Applications: Integrate insurance offerings seamlessly into other products or services, enhancing customer value and expanding distribution channels.
• Claims Management Software: Streamline the process of filing, tracking, and resolving insurance claims, improving efficiency and customer satisfaction.
• Policy Management Software: Automate the administration of insurance policies, including issuance, renewal, and compliance, to enhance operational efficiency.
• Modernization of Legacy Insurance Systems: Upgrade outdated insurance software to modern, scalable solutions that align with current business needs and technological standards.
• Launch and Scale Insurance Products: Rapidly develop and deploy new insurance products, allowing for swift adaptation to market demands and opportunities.

To learn more about how Openkoda team can turn these visions into real, high-quality and high-performance software products, check out the full article in the link below:

How to Build Insurance Application Faster