Chantilly, Virginia Apr 6, 2022 (Issuewire.com) - The life insurance domain has seen a paradigm shift from policy-centric to people-centric. This transition demands an end-to-end transformation of the life insurance value chain. QBurst Technologies has launched insurance software development services to help insurers develop intuitive and customer-friendly insurance software that possesses new-age capabilities in insurance product development such as underwriting, application management, customer engagement, policy administration, and claims fulfillment.
QBurst offers a host of custom insurance software development services that cater to a wide array of insurer technology requirements irrespective of existing legacy systems. By creating new software products or refreshing existing platforms to contain modern functionalities, insurers can retool, revitalize, and strategically reposition themselves in the ongoing competition.
Traditional digitalization projects often take years to materialize and QBurst has launched a purpose-built, low-code platform called Rehash to overcome this hurdle. Rehash offers a variety of out-of-the-box functionalities which include data models, interactive customer journeys, rules engines, and plug-and-play web components that will accelerate the app development process and help insurers take their product to market in just a matter of days. Rehash can be used to deploy a variety of enterprise-grade applications, including quote generators, lead nurturing apps, automated underwriting, and claims management apps, agent portals, chatbots, etc. across the insurance value chain. Rehash can also be integrated with legacy systems easily and this enables insurers to leverage new technologies without disrupting existing systems.
QBurst aims to leverage its extensive experience in Data Science to revolutionize the insurance industry, which has traditionally relied on data and statistical models to test and validate policy decisions. They aim to expedite and improve the current insurance process by relying on their expertise in modern technologies such as Artificial Intelligence, Machine Learning, Cloud platforms, Big Data, Robotic Process Automation, and Cybersecurity. Some features that QBurst has already built and deployed for existing clients include automated claims processing and underwriting, fraud prevention, smart product design and pricing, and audience-specific product marketing. They have even revolutionized the otherwise tedious underwriting process using rigorous risk profiling and evidence-based decision-making automation to reduce the discovery-to-quote time from days to minutes. In addition, they offer fast-tracked claims processing and seamless customer experience portals with both cost-saving and reputational benefits.
More details about QBurst’s insurance practice can be found on their website and by contacting bdg@qburst.com.
About QBurst
QBurst is a global product development and consulting company offering cognitive solutions and custom software development services for micro to large enterprises.
Media Contact
QBurst Technologies bdg@qburst.com http://www.qburst.com
