32 Storozhenka St. Lviv, 79018 Ukraine
15-B Leiptsyzka str. Kyiv, 01015 Ukraine
Ul. Lubicz, 23a Kraków, 31-503 Poland
Adelgatan 5 211 22 Malmö Sweden
1213 E 6th Avenue Tampa, FL, 33605 USA
Dedicated development teams and R&D centers to help software companies innovate and implement digital transformations.
Full-cycle software product development services in a variety of technology stacks and business domains.
Full-cycle custom mobile development services for enterprise, consumer and game applications across all popular platforms.
OpenText Professional Services (StreamServe and OpenText ECM consulting) allow companies to increase business processes efficiency with OpenText based solutions.
Full-cycle game development using Unity and Unreal Engine and Art Production as-a-service.
Covering every aspect of an Art Production pipeline starting from idea concept to fully animated PBR-ready characters and environmental assets.
Reduce high downtime cost between releases and avoid lack of software testing effort during project peak loads.
Comprehensive 2nd and 3rd line product technical support for software companies across various segments.
Get access to the new value chain by implementing the digital transformation of your business.
Building and deploying secure, scalable and manageable solutions using a wide stack of BI technologies and tools.
N-iX VR studio delivers custom virtual reality solutions for various industries including gaming, education, real estate, hospitality and healthcare.
Complex blockchain expertise including blockchain application development, consulting and operation support.
Full cycle of Enterprise Mobile solutions development from architecture, to back-end and front-end development and quality control.
Creating complex analytics systems to support competitive intelligence with the help of modern methods of data collection, analysis and processing.
Creating custom-built systems, processing large volumes of data and transforming it into insight to solve business challenges and drive innovation.
Effective user interfaces for innovative software products with focus on your business needs.
Optimizing your delivery processes by managing production infrastructure and building an effective collaboration environment.
Design and implementation of reliable embedded software systems of any complexity for disrupting high-tech and IOT projects.
Developing robust architectures for high-load systems that can handle multiple data queries.
Full development lifecycle from specifications to design, licensing, migration to cloud infrastructure and ongoing maintenance and support.
OpenText StreamServe-based solutions to help organizations effectively manage business communications.
Industry-specific ECM solutions based on OpenText Enterprise Content Management (ECM) product suite.
Software engineering services and comprehensive solutions to meet the evolving needs of the modern finance.
Consumer friendly mobile and web applications, BSS/OSS software solutions, VoIP services and deep industry expertise.
Full cycle software product development services for leading players in high-tech to help businesses stay on the forefront of innovation.
Full-cycle development of innovative healthcare, biotech and life science software solutions.
Custom software development solutions for traditional insurance and InsurTech companies.
Custom software solutions for hospitality industry to manage growth, refine business operations and increase profitability.
Bringing to life educational projects of any scale and complexity including e-learning portals and web-based instructional management solutions.
Cutting-edge software solutions for publishing houses, ISVs, digital agencies, media firms and gaming companies.
Development of complex energy management software solutions from design, to implementation and testing.
Development of software solutions for Finance & Banking to help organizations innovate, benefit from technology and better target digital consumers.
Flexible and versatile IT solutions for global industrial manufacturing companies to accelerate business digitalization.
Scalable and secure outsourced solutions on Java for innovative software companies across a variety of industry sectors including hospitality and manufacturing.
We develop high-performance, elastic, reliable and responsive Scala applications that can be tailored to your requirements powering your business growth.
Extensive competencies in .NET development to provide high quality outsourcing solutions for our partners across varied domains.
Complex game development using Unity 3D technology with a primary focus on MMO RPG, city-builder strategies, sport genres and multiplayer games.
Helping software companies develop complex, large-scale products on Hybris platform to grow their business, lower operational costs and improve ROI.
With strong understanding of object oriented programming and broad experience in Python stack, we develop web apps, back-ends and more.
We use Ruby and Ruby on Rails to help companies develop web services and applications for a wide range of domains.
Developmet of native and cross-platform apps and system-level software on C/C++ across a variety of fields including manufacturing, finance and network security.
N-iX Game Development Studio offers full-cycle development of Unreal Engine-powered casual and mid-core games and interactive applications.
Development of complex PHP projects for software companies across Europe and North America.
Our Mobile Product Development creates native custom-built consumer facing or business process iOS applications for iPhone, iPad and Apple Watch.
Experts in Android development outsourcing, we create consumer and enterprise native apps from the initial idea to post-launch consulting.
Implementation Partner of Photon Engine, N-iX Game Development and VR Studio offers custom multiplayer game development.
A number of innovative technologies including the Internet of Things, advanced analytics, telematics, blockchain and others are set to spur a fundamental transformation of the insurance industry. These technologies do not only provide alternative ways to measure and control risk, reduce costs and improve efficiency but also enable the creation of new insurance services and products. Developers specializing in these technologies can create solutions for facilitating and optimizing many insurance processes. This forces insurtech companies to respond to new sources of competition and create innovative and efficient technological solutions across the insurance value chain.
To benefit from the above-mentioned opportunities, insurtech companies consider extending their teams with qualified software developers. The main question is: ‘Should they outsource insurance software development or extend their in-house team?’ Let’s weigh up all the pros and cons to define the best way for insurance companies to save operational costs and increase their overall productivity and performance.
IT outsourcing providers often have extensive experience in working with other businesses in a related field. Thus they can give valuable insights about how to improve the insurance processes using technological innovations. Then they can build applications based on these redesigned processes. Conversely, the experience of in-house development teams is often limited to one field and lacks knowledge depth and flexibility.
Moreover, many outsourcing vendors have expertise in blockchain, IOT, AI and other technologies which are trendy in insurtech. They offer a wide range of services which adapt to the changing technology landscape and business requirements of a specific client. Therefore, this expertise may help you significantly increase the level of transaction security and optimize many business processes.
Source: Innovation in Insurance Report by Institute of International Finance
When companies experience a lack of expertise in specific software engineering processes, they consider software development outsourcing as the best option. It allows insurtech companies to get access to the biggest range of services from a huge talent pool of qualified professionals. In addition, they can focus on their core competency and business objectives. This also helps insurance businesses find skilled IT specialists who can create robust insurtech applications faster and more efficiently. Moreover, outsourcers are more flexible since they have more expertise in different projects and rare technologies. They can allocate the developers who are well-versed in the usage of the most recent tools and coding practices. As a result, you won’t need to perform staff training or spend extra money on the acquisition of equipment.
In this era of tough competition, it’s important to maintain the competitive edge by penetrating into different geographical markets and regions. Many insurtech companies are motivated to outsource their software development to offshore software companies in order to access new markets faster thus scaling their business. Cooperation with offshore IT vendors enables them to fulfill this in a very short time. In contrast, in-house companies usually do not have enough capacities to realize this.
Outsourcing is often the best way to minimize the cost of production, especially if you find the right partner. If you worry about the risks, consider vendors in Eastern Europe. This outsourcing destination offers high quality of services and ample engineering resources for a reasonable price.
Very often, it’s not feasible to perform software development tasks in-house due to the lack of infrastructure, required expertise or other technical aspects necessary for insurance software development. Furthermore, if we take into account the price rates of local developers, they are often much higher compared to their outsourcing competitors. So this may lead to bigger operational spendings while outsourcing is a really cost-effective option.
The ability to take absolute control over the development process is one of the major benefits of in-house insurance software development. In this case, companies have control on the scale of customization needed for an application. On the contrary, the control of the project handed over to an outsourcing organization depends on the cooperation model you agree on. Outstaffing, or Dedicated Development Team model allows you to customize a team according to your specific requirements and get control over the development process. Moreover, outsourcing vendors put a lot of emphasis on process discipline and incorporate industry standard frameworks into their software development lifecycle. These standards are robust and fail-proof for software development and are aimed at meeting specific customer expectations.
Every insurance company has its own unique processes which are dynamic in nature. In order to support these dynamics, technological changes are needed at all times, which is often less time-consuming if handled in-house. However, outsourcing may be extremely beneficial when projects are to be completed within a very short time frame. When insurtech companies are willing to switch from slow and gradual to the fast and progressive mode in software development, they mostly outsource it to an external software organization. What’s more, an outsourcing vendor may automate several aspects of software development. This helps to reduce time-to-market for new or upgraded applications as well as save operational time.
All in all, both outsourced or in-house insurance software development have their own advantages and drawbacks. However, companies can benefit a lot more from outsourcing services and deal with a number of challenges including optimization of policy administration, claims management and reinsurance. This option can help them position themselves for higher and more sustainable growth and at the same time reduce operational costs and upgrade many insurance processes. Moreover, companies can effectively use outsourcing to address urgent priorities such as cost management, cash flow, liquidity, and growth. This will help them stay in sync with new market dynamics, fast-changing customer behavior, and increasing competitiveness. Introducing innovations and making digital transformation of their businesses can help them gain the competitive edge.
N-iX is an Eastern European provider of software development services with 500+ expert software engineers onboard that power innovative technology businesses. Since 2002 we have formed strategic partnerships with a variety of global industry leaders including OpenText, Novell, Lebara, Currency Cloud and over 50 other medium and large-scale businesses. With delivery centers in Ukraine and Poland, we deliver excellence in software engineering and deep expertise in a range of verticals including finance, healthcare, hospitality, telecom, energy and enterprise content management helping our clients to innovate and implement technology transformations.