How much does it cost to build a custom insurance platform?

A policyholder self-service portal costs $20,000–$40,000. A claims management platform starts at $35,000–$60,000. A full policy administration system (PAS) for a carrier or MGA costs $80,000–$200,000+ depending on lines of business. We provide a fixed-price proposal after a scoping call.

Can you build IRDAI-compliant insurance software for India?

Yes. We build insurance platforms compliant with IRDAI (Insurance Regulatory and Development Authority of India) data localisation, reporting, and disclosure requirements. We've worked with Indian general and life insurers on IRDAI-compliant policy and claims workflows.

Do you integrate with Lloyd's of London systems?

Yes. We integrate with Lloyd's systems including ACORD standards, PPL (Placing Platform Limited), Crystal (claims), and DA SATS. Our teams have experience with London market subscription insurance technology.

Home/Industries/InsurTech & Insurance

🛡️Policy Management, Claims Automation & Underwriting Platforms

InsurTech & Insurance Software Development Company India

Custom InsurTech and insurance software development from India. Policy management, claims automation, underwriting platforms, AI fraud detection, and insurance portals. IRDAI, FCA, and Lloyd's compliant. Free consultation.

73%

Claims processing time cut

$2.1M

Annual fraud savings

92%

Straight-through processing rate

4.5x

Agent productivity gain

Get a Free Consultation See Case Studies

Common InsurTech & Insurance Technology Challenges

These are the exact problems insurtech & insurance businesses tell us when they first reach out.

Manual claims processing taking days instead of hours

Legacy policy admin systems with no API layer

High claims fraud with no detection automation

Agent portals with poor UX slowing policy issuance

Disconnected actuarial, underwriting, and finance systems

No self-service portal for policyholders

Our InsurTech & Insurance Software Solutions

Custom-built for insurtech & insurance businesses. No off-the-shelf compromises.

Policy Administration System (PAS)

End-to-end PAS covering product configuration, quote-to-bind, endorsements, renewals, cancellations, and regulatory reporting.

Learn more

Claims Management Platform

Digital claims intake, automated straight-through processing (STP), adjuster workflow, reserve management, and payment disbursement.

Learn more

AI Fraud Detection

ML-based fraud scoring for claims using network analysis, behavioural signals, and document verification to reduce fraudulent payouts.

Learn more

InsurTech Customer Portal

Self-service policyholder portal for policy documents, claims submission, premium payment, and coverage comparison.

Learn more

Underwriting Workbench

Digital underwriting platform with risk scoring, automated rule engines, reinsurance treaty management, and bordereaux reporting.

Learn more

Insurance AI Chatbot

AI-powered insurance assistant for first notice of loss, coverage queries, renewal reminders, and cross-sell recommendations.

Learn more

Why Canny Technologies for InsurTech & Insurance Software?

Who we are: Canny Technologies is a software development company headquartered in Bangalore, India, founded in 2019. We are a team of 50+ engineers specialising in AI automation, custom enterprise software, SaaS platforms, CRM systems, and ERP development for insurtech & insurance businesses in the USA, UK, UAE, Singapore, Australia, and India.

What we build for InsurTech & Insurance: Policy Administration System (PAS), Claims Management Platform, AI Fraud Detection, InsurTech Customer Portal, Underwriting Workbench, Insurance AI Chatbot.

Who we work with: We partner with insurtech & insurance companies ranging from funded startups to mid-enterprise organisations. Our clients typically have 20–500 employees and are investing $8,000–$150,000 in digital transformation initiatives.

How we work: 2-week sprints, daily standups, weekly demos. Fixed-price or time-and-materials contracts. Full code ownership transferred to you at delivery. 90-day defect warranty on all production deployments.

Cost guide: Projects start at $8,000 for a focused single-module build. A comprehensive insurtech & insurance platform with multiple modules typically runs $40,000–$150,000 over 4–9 months. We provide fixed-price proposals within 48 hours of a discovery call.