Pharos Production partnered with a healthcare organization to develop CareConnect, a secure patient engagement platform that connects patients with care providers through a unified digital interface. This solution enables patients to manage appointments, access medical records, participate in teleconsultations and communicate directly with healthcare professionals. Built on a scalable, cloud-native architecture, CareConnect enhances the patient experience while meeting strict security and regulatory standards.
Insurance
Pharos Production is an insurance software development company that builds policy administration systems, claims processing platforms and underwriting engines. The global insurtech market reached $5.45 billion in 2023 and is projected to grow at 52.7% CAGR through 2030 (Grand View Research). Founded in 2013, the company delivers secure InsurTech solutions for carriers, MGAs, brokers and InsurTech startups.
- engineers
- 90+
- years in business
- 12+
- apps delivered
- 70+
Reviewed by Dmytro Nasyrov
Founder and CTO
13+ years in custom software development. ISO 27001 certified team lead.
Insurance solutions we build
Pharos Production applies its full-cycle software development expertise to deliver tailored solutions for insurance businesses.
Insurance Policy Administration Systems
A centralized platform for managing the creation, updates, endorsements and renewals of policies. It helps insurers streamline operations and maintain consistent, accurate data across departments.
Claims Management & Automation Platforms
A digital workflow for submitting, verifying and processing insurance claims with minimal human intervention speeds up payouts, lowers errors and boosts customer satisfaction through transparent claim tracking.
Underwriting Automation & Risk Assessment Systems
AI-driven tools assess risk profiles through customer data, behavior patterns and external sources. They help insurers make quicker, more precise underwriting decisions while lowering operational costs.
Customer Self-Service Portals for Policyholders
An easy-to-use online portal that lets customers manage policies, file claims and track their statuses without needing to contact support. This improves service access and lowers the workload for insurer staff.
Insurance CRM & Agent/Broker Management Platforms
A platform for managing sales pipelines, agent performance, commissions and customer interactions. It helps insurers optimize agent efficiency and improve customer relationship management.
Fraud Detection & Claims Anomaly Monitoring Systems
AI-powered systems analyze claim and customer data patterns to identify potential fraud. They help insurers minimize losses and stay compliant by allowing early detection and issuing alerts.
Insurance Billing & Payment Processing Solutions
A secure system for collecting premiums, automating billing cycles and offering multiple payment options. It helps insurers reduce payment delays and enhance financial transparency for both staff and customers.
Quote & Pricing Engine Development
A real-time engine that computes insurance quotes using risk data, customer profiles and actuarial models. It allows for fast, precise pricing while boosting customer conversion rates.
Telematics & Usage-Based Insurance (UBI) Platforms
A system that collects behavioral and driving data from IoT devices to determine personalized premiums. It promotes safer driving and enables insurers to provide tailored pricing based on real-world usage.
Reinsurance & Risk Distribution Platforms
A digital platform that helps insurers manage reinsurance contracts, ceded premiums and shared risk pools. It enhances transparency and facilitates coordination between insurers and reinsurers.
| Solution | Key capabilities |
|---|---|
| Insurance Policy Administration Systems | Policy Creation and Endorsement Management Module Automated Policy Renewal and Lifecycle Workflow Customer Policy Lookup and Document Generation System +4 |
| Claims Management & Automation Platforms | Digital Claims Submission and Document Upload Portal AI-Driven Claim Assessment and Damage Evaluation Engine Automated Claim Routing and Workflow Processing +4 |
| Underwriting Automation & Risk Assessment Systems | AI-Based Risk Scoring and Profile Evaluation Engine Automated Underwriting Decision and Rule Management Module Document Verification and Data Extraction System +4 |
| Customer Self-Service Portals for Policyholders | Online Policy View and Document Download Center Self-Service Claim Filing and Status Tracking Module Premium Payment and Billing History Dashboard +4 |
| Insurance CRM & Agent/Broker Management Platforms | Lead Management and Opportunity Tracking System Agent Performance and Commission Reporting Dashboard Customer Interaction and Communication History Module +4 |
| Fraud Detection & Claims Anomaly Monitoring Systems | Real-Time Claims Pattern and Anomaly Detection Engine Machine Learning Fraud Scoring and Risk Modeling Module Identity Verification and Document Authenticity Checker +4 |
| Insurance Billing & Payment Processing Solutions | Automated Premium Billing and Invoice Generation System Multi-Method Payment Processing and Digital Wallet Support Recurring Payment Scheduling and Auto-Debit Module +4 |
| Quote & Pricing Engine Development | Real-Time Quote Calculation and Premium Estimation Engine Risk-Based Pricing and Underwriting Rule Configuration Module Customer Data Intake and Eligibility Assessment System +4 |
| Telematics & Usage-Based Insurance (UBI) Platforms | Connected Vehicle Data Collection and IoT Sensor Integration Driving Behavior Monitoring and Safety Scoring Module Distance-Based Pay-Per-Mile Premium Calculation System +4 |
| Reinsurance & Risk Distribution Platforms | Reinsurance Contract and Treaty Management System Automated Premium Cession and Recovery Processing Risk Pooling and Shared Exposure Distribution Module +4 |
Technologies
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AI-Powered Claims Automation Engines
Machine learning algorithms process claims, detect anomalies and speed up approvals with minimal manual effort.
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Telematics and Usage-Based Insurance Platforms
Sensor and IoT data enable insurers to dynamically price policies based on actual driving habits or equipment use.
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Predictive Risk Modeling Systems
Advanced analytics forecast claim chances, customer lifetime value and fraud risk, leading to better underwriting decisions.
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Insurance Policy Administration Systems (PAS)
Core platforms handle the entire policy lifecycle, including quoting, underwriting, billing and renewals.
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Fraud Detection and Anti-Money Laundering Tools
AI models analyze transactional and behavioral data to instantly identify suspicious activity.
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Customer Self-Service Portals
Digital interfaces let clients manage policies, submit claims and update info without contacting agents.
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API-Driven Insurance Ecosystems
Open APIs allow insurers to connect with brokers, partners and third-party data sources, enabling faster product distribution.
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Document Intelligence and OCR Solutions
AI-powered extraction tools digitize forms, contracts and supporting documents, reducing processing times.
Our Expertise
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Pharos Production partnered with a healthcare organization to design and build MedCore, a comprehensive electronic health record platform that centralizes patient data, streamlines clinical workflows and ensures regulatory compliance. The system unifies medical records, clinical documentation, diagnostics and administrative processes within a secure, scalable digital environment. Built on a cloud-native architecture, MedCore delivers reliable performance, real-time data access and long-term scalability for healthcare providers operating at clinic, hospital and network levels.
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Pharos Production partnered with Ludo to build a global cross-chain reputation system that makes trust transparent and portable across the Web3 ecosystem. Using AWS, Kubernetes, Istio, Kafka, Flink, Cassandra, Pinot and Solr, the platform processes blockchain data in real time to generate soulbound NFT-based reputation scores. With web, browser and Telegram interfaces, Ludo empowers users, curators and builders to identify trustworthy projects, integrate reputation APIs and strengthen community engagement. The result is a scalable, real-time trust layer that has been driving adoption in Web3 since 2021.
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Pharos Production has partnered with Sagas to create a location-aware social platform that enables users to capture, publish, and explore geo-located timelapses over time. This system combines real-time data ingestion, large-scale media processing, and map-centric discovery to transform physical locations into dynamic digital stories. Leveraging cloud-native infrastructure and event-driven architecture, Sagas allows users to document urban changes, natural evolution, and personal moments tied to specific places. The result is a scalable social network where time and location are central to content discovery.
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Pharos Production has partnered with Lucky Bets to create a high-performance casino games aggregator and online casino platform focused on scalability, reliability and player engagement. This platform seamlessly integrates hundreds of games from multiple providers, delivering a unified gaming experience while managing real-time gameplay events, balances and analytics with minimal latency. Built on cloud-native infrastructure, Lucky Bets offers a fast, secure and flexible foundation for modern iGaming operations.
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Pharos Production partnered with Pro Gambling to build a high-load sports forecasting platform focused on data-driven predictions, real-time analytics and scalable delivery of betting insights. The platform aggregates large volumes of sports data, odds movements and historical statistics to generate forecasts that help users make informed betting decisions. Built on a cloud-native, event-driven architecture, Pro Gambling delivers fast updates, transparent analytics and consistent performance during peak sports events.
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Pharos Production partnered with Dostyq to create a modern loyalty and rewards platform that helps users collect, manage, and exchange bonuses, gift certificates, and cashback in one place. The app makes reward usage easier by enabling instant and secure transfers and redemptions. Since 2018, Dostyq has become a trusted shopping partner in Kazakhstan, increasing customer engagement and helping retailers strengthen loyalty programs on a large scale.
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Pharos Production collaborated with Gambit Stream to launch a modern, scalable sportsbook tailored for a global audience. Built on AWS, Kubernetes, Istio, Spring Boot, Pulsar, Flink, ClickHouse, Cassandra, and NextJS, the platform offers instant odds, live-stream betting, and secure wallet management. With integrated risk controls and real-time analytics, it ensures a seamless experience for both players and operators. Since 2021, the new system has accelerated user onboarding, increased engagement with live betting, streamlined operations, and established a scalable foundation for expansion into new markets.
Reviews
Independent reviews from Clutch, GoodFirms and Google - verified client feedback on our software projects
Based on 15 verified client reviews
Measurable results
Choose your cooperation model
Core software architecture, initial UI/UX, working prototype in 3 months
Software architecture, UI/UX, customized software development, manual and automated testing, cloud deployment
Comprehensive software architecture and documentation, UI/UX design layouts, UI kit, clickable prototypes, cloud deployment, continuous integration, as well as automated monitoring and notifications.
Prices vary based on project scope, complexity, timeline and requirements. Contact us for a personalized estimate.
Or select the appropriate interaction model
Request staff augmentation
Need extra hands on your software project? Our developers can jump in at any stage – from architecture to auditing – and integrate seamlessly with your team to fill any technical gaps.
Hire dedicated experts
Whether you’re building from scratch or scaling fast, our engineers are ready to step in. You stay in control, and we handle the code.
Outsource your project
From first line to final audit, we handle the entire development process. We’ll deliver secure, production-ready smart contracts, while you can focus on your business.
| Model | Best for | Team setup | Budget range |
|---|---|---|---|
| Staff Augmentation | Existing teams needing extra engineers at any project stage | 1-2 weeks | From $5,000/month |
| Dedicated Team Popular | Long-term projects requiring full ownership and control | 2-4 weeks | From $15,000/month |
| Project Outsourcing | Full-cycle development from idea to production launch | 1-2 weeks | $10,000-$80,000+ |
An approach to the development cycle
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Team Assembly
Our company starts and assembles an entire project specialists with the perfect blend of skills and experience to start the work.
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MVP
We’ll design, build, and launch your MVP, ensuring it meets the core requirements of your software solution.
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Production
We’ll create a complete software solution that is custom-made to meet your exact specifications.
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Ongoing
Continuous Support
Our company will be right there with you, keeping your software solution running smoothly, fixing issues, and rolling out updates.
Insurance technologies, tools and frameworks we use
Our engineers work with 108+ technologies across blockchain, backend, frontend, mobile and DevOps - chosen for production reliability and performance.
Frameworks
Backend Frameworks 5
Front End Frameworks 4
Mobile Apps Frameworks 9
Blockchains
Private and Public Blockchains 33
Cloud Blockchain Solutions 4
DevOps
DevOps Tools 9
Clouds
Clouds 3
Databases
Databases 9
Brokers
Event and Message Brokers 3
Tests
Test Automation Tools 6
Programming
Programming Languages 11
UI/UX
UI/UX Design Tools 12
Partnerships & Awards
Recognized on Clutch, GoodFirms and The Manifest for software engineering excellence
FAQ
Answers to common questions about insurance software development, claims automation and InsurTech platforms.
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Pharos Production builds secure platforms with encryption at rest and in transit, role-based access controls and SOC 2 Type II compliance. All solutions meet insurance data protection standards and state regulatory requirements.
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Pharos Production integrates new insurance platforms with legacy policy systems, CRM, billing, actuarial tools and third-party data providers using scalable API architecture.
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Insurance project costs depend on complexity and compliance scope. A claims portal MVP may start from $50,000-$90,000, while a full policy administration system can range from $150,000 to $500,000+. Request a free estimate.
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An MVP for a claims portal or quoting engine typically takes 3-5 months. A full policy administration system may require 8-14 months.
Pharos Production uses agile development with 2-week sprints.
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Pharos Production works with InsurTech startups from MVP to scale, building parametric insurance, embedded insurance and digital-first distribution platforms with modern cross-platform architecture.
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We do not build simple quote comparison widgets or white-label insurance aggregators. Our focus is custom policy administration, claims automation and underwriting engines with complex business rules.
For basic insurance quoting, SaaS platforms like Bolt or Duck Creek offer faster time-to-market.
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Insurance regulations vary by state and country and change frequently. Our 2-week sprints let us validate compliance rules incrementally rather than discovering gaps at launch.
Each sprint includes regulatory review and actuarial logic testing. Agile projects are 3x more likely to succeed (Standish Group, 2024).
Build your Insurance platform
90+ engineers ready to deliver your Insurance project on time and within budget
What happens next?
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Contact us
Contact us today to discuss your project. We’re ready to review your request promptly and guide you on the best next steps for collaboration
Same day -
NDA
We’re committed to keeping your information confidential, so we’ll sign a Non-Disclosure Agreement
1 day -
Plan the Goals
After we chat about your goals and needs, we’ll craft a comprehensive proposal detailing the project scope, team, timeline and budget
3-5 days -
Finalize the Details
Let’s connect on Google Meet to go through the proposal and confirm all the details together!
1-2 days -
Sign the Contract
As soon as the contract is signed, our dedicated team will jump into action on your project!
Same day
Our offices
Headquarters in Las Vegas, Nevada. Engineering office in Kyiv, Ukraine.