We are a leading Insurance domain and technology experts with a focus on keeping pace with evolving market, dealing with new regulations, cloud solutions, predictive analytics, and digitalizing the customer experience with delivery of innovative insurance solutions. Our in-depth knowledge, extensive insurance industry experience, technology, proprietary tools, methodologies, and frameworks enable insurance organizations to profitably improve and build digital future of their business.
We, at Damco, understand the need of the industry and support via commercial off-the-shelf (COTS) products as well as custom solutions to manage the entire value chain – new business and underwriting, policy administration, claims settlement, and statutory reporting.
We have worked with a number of insurance companies and have provided them the following solutions and services:
- Life, Health, and General Insurance
- Property and Casualty Insurance
- Reinsurance Management
- Legacy Modernization
- Electronic Bill Payment System
- Advanced Analytics and Business Intelligence
- Regulatory Compliance Reporting and Dashboards and MIS Reports
- Cross-Industry Data Integration, Integrations with ACH System, CRM, Premium Finance ISO and MVRs
- Agency Management Applications using ACORD Standards, third-party Accounting Systems
Our Success Stories
We have many success stories, where leading life insurance, Auto & Home Insurance Companies, General Insurance Companies, and Agencies have engaged Damco for various technology solutions for their distinct needs:
- Development of Property and Casualty Insurance System for a major Auto and Home Owner Insurance Company. The system has web-based access for agents, automated servicing of policy documents, reporting tool to consolidate all reports, statutory compliance for various states, integrations with MVR, claims management, integrations with various agency management applications, PC rater systems and web service providers using ACORD XML standards.
- Application maintenance and support of a homegrown Insurance Management System for a major Life Insurance Company.
- Development of custom Insurance Management System for a major Commercial Insurance Company. The modules include Policy Management, Claims Management, Insurance CRM, Management Dashboard, integration with third party applications like Quick Books and data migration from legacy application.
- Development and maintenance of a business-critical web-based quote and policy management application for a large property and casualty insurance company. Also, we did integrations with third-party applications like QuickQuote and PC Raters.
- Implementation of InsureEdge, Damco’s proprietary Insurance management platform, for multiple insurance companies
- Transformation of a legacy policy management application of an Auto and Home Insurance Company into a web-based application.