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Personalized insurance policies for today’s information hyper generation; AI is enabling ‘smart liability profiling’ of consumers with data collected from sources like health sensors, automobile sensors / telematics systems, smart home sensors informing high levels of personalization.

Digital savvy millennial consumers prefer simple, personalised policies, transparent processes and services that are just clicks away - accessible from the convenience of their smart phones and manageable with virtual assistance than requiring physical movement or manual work. Semi automated claims & settlement processing using Blockchain, for example - could bring in radical transparency and faster help to genuine victims / survivors in need of help. This requires traditional insurance companies to transition from being a policy-centric business to a customer-centric, digital-first business.

Research shows that about 23% of consumers struggle to clearly understand insurance policies and as a result they lack trust on the insurance provider / agent / broker because of hidden agenda / intent / focus on making an immediate sale, than creating value. Also, 47% of insurance holders feel frustrated with the paperwork, 39% find the policies not completely addressing their needs, 35% have faced issues during claim processing.

More data you can have of the modern day consumer - by gathering the right behavioral signals can help insurance policy providers to deeply personalize the insurance cover and the premium tailored to meet the needs of that individual. AI powered Intelligent sensing technologies and predictive analytics capabilities when integrated with the legacy business intelligence systems in the right way could potentially address some of the most pressing pain-points of insurance holders and providers.

Our offerings for insurance sector:

- Personalised policy management & administration software development

- Digitization of insurance policy issuance and claims processes

- AI/ML led digitization of claims and settlements

- Digitized, secure processes to automate legal & regulatory compliances

- Automation of fraud detection & prevention solutions (blockchain)

- Integrated telematics based insurance software system development

- Exposure management software for Insurance companies

- Insurance applications for agents / brokers / policy sellers

- Peer-to-peer insurance app development services

- Data analytics for Insurance companies / providers

- End-to-end Insurance services software

We start with thoroughly understanding your business needs, assessing your existing technological infrastructure and accordingly design a digital / data strategy for you to meet your critical organizational goals - both short and long term.

Agritech trends and synergetic industries

Success stories

Today, your digital strategy could involve participation and integration of multiple industries and cross-pollination of ideas and offerings.

There’s high levels of integration, collaboration and interoperability made possible with technologies like Blockchain. Also, fluctuation in demand for one industry could impact others. For example, rising demand for food delivery at the door, increased the demand for 2-wheeler transport to solve the ‘last-mile-connectivity’ problem and the demand for fractional ownership of bikes.

Multi-industry collaborations or cross-domain integrations are becoming the new norm, to thrive in today’s “Intelligence first” era, businesses need to embrace this change and exploit advanced digital technologies to participate in consistently delivering maximum consumer value.

Speak to our Cross industry experts to help you navigate gen-z mind
Travel - Digital Transformation - Design Thinking - Architecture - IoT

Frequently asked questions

What excites us is openness, opportunity & human transformation.

We believe every project is an opportunity to celebrate authenticity in people, free flow of influence shaping outcomes and our ability to come together as one team to make ideas happen.






Contact us

BANGALORE (HQ)
3rd floor, Meu Square, 174/1,
Bannerghatta Main Rd,
Bengaluru, Karnataka 560076,

UNITED STATES
Codewave Inc,
30 N Gould St Ste R Sheridan,
WY 82801

GERMANY
Codewave,
District Court of Munich,
HRB 242636,

CANADA
Unit 1610, 1763 Comox Street,
Vancouver,
BCV6G 1P5.

AUSTRALIA
Squires Way, Suite 1, Ground Floor,
Enterprise 1, Innovation Campus,
NSW 2500, Australia,

UAE
102 Maleha St,
Warehouses Lands, Sharjah,
United Arab Emirates

SINGAPORE
Far East Square,
32 Pekin Street #05-01,
Singapore 048762

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