Better Intelligence for Business Insurance

Intelligence software for business insurance in transportation and logistics

Overview

The client approached Euristiq for R&D digital consulting regarding a new business intelligence software tailored for insurance companies that cater to the transportation and logistics sectors. During the project discovery phase, we tackled numerous challenges. Among the most significant was validating the technical feasibility of creating the solution and estimating the overall development cost.

Our responsibilities included selecting the most suitable dash cameras that would meet the majority of the project’s requirements, designing an architecture for the solution that could handle the processing of vast amounts of data in real-time, and ensuring scalability both geographically and in terms of device count, scaling up to tens of thousands of units.

Location

Europe

Industry

Fintech

Service line

Digital consulting

It’s a powerful and innovative platform that effectively addresses the users' needs. It combines advanced technology with thoughtful design, resulting in a seamless user experience that simplifies complex processes. The Euristiq team integrated cutting-edge features while maintaining security and scalability.

Pavlo Tkhir

CTO, Euristiq

Project highlights

Performed a project discovery for an insurance company building business intelligence software for the transportation and logistics industry
Offered customizable business process automation software for insurance companies
Developed technical requirements and project roadmap for a platform that analyzes telemetrics data
Detailed technical architecture with UI mockups and a feature-based cost and time evaluation
As a result, 50% of costs were saved during the product development

insurance business intelligence software development project

Services:

Project discovery
A decision on the technical stack
Architecture engineering
UI/UX design
Technical consulting
Requirements elaboration

Technologies:

SRS documentation
UX/UI wireframes
Software architecture design
Proposed tech stack
Project roadmap
Cost proposal with time estimates

Download case study

Solutions

The Discovery service sprint started with a series of calls and workshops with the client to help us better understand the business requirements and the client’s needs.

PoC of the solution

The Euristiq team created a PoC of the solution to test whether the selected cameras correspond to the solution’s requirements. We delved into the business logic of a solution and the needs of the product’s users. Then we decided on the number of user roles and the business flow of the platform. This allowed us to transform gathered data into UI mockups of a future web app.

Functional and technical analysis

Building complex telematics software solutions from scratch requires detailed functional and technical analysis of a software application. The Discovery mapped out the development process and created an overall vision of the final product. It allowed the client to gain a deeper understanding of product development, identify risks, and outline the development stages, including the cost, time frame, and architecture design.

SRS document

We produced a detailed SRS document that included UI mockups of an intelligence software for insurance business and described the whole development process. It also contained an accurate feature-based cost and time evaluation.
Get cost insights for your project with discovery service

insurance business intelligence software project

insurance software development services for Cubit Insurance

Results

The client is in the insurance business and is a domain expert in this field, thus creating a software platform for themselves and licensing it to other insurance companies is a big step forward in expanding the business.

The project Discovery mapped out the development process and created an overall vision of the final business intelligence software for an insurance company. The client received a clear understanding of what the final insurance business intelligence software will look like and detailed steps of how to get there. The confidence that the client’s expectations cannot fall short, gave them trust and excluded the necessity of daily syncs.

50%

Costs saved

The Discovery resulted in 50% development budget saved.

Timeframe

The Discovery phase of the project lasted for up to 2 months.

Project documentations delivered

SRS, UI/UX wireframes, architecture design, Tech stack, roadmap, cost proposal.

Download case study