Commercial Property Insurance Automation Software Delivered in 2 Months
Challenge
A European wholesale insurance brokerage acquired part of a property insurance managing general agent to expand its commercial property portfolio, and as part of the deal inherited several modules of the MGA custom software. The brokerage needed to adapt and implement this inherited property insurance system quickly so it could launch its new insurance products on time, while controlling costs and avoiding a lengthy, expensive rebuild of functionality that largely already existed.
A European wholesale insurance brokerage acquired part of a property insurance managing general agent to expand its commercial property portfolio, and as part of the deal inherited several modules of the MGA custom software. The brokerage needed to adapt and implement this inherited property insurance system quickly so it could launch its new insurance products on time, while controlling costs and avoiding a lengthy, expensive rebuild of functionality that largely already existed.
Solution
INNERLUXES modified and implemented the inherited commercial property insurance software to fit the brokerage requirements. Working with PHP, AWS, MySQL and WordPress, the team adapted the existing modules rather than rebuilding from scratch, reusing proven functionality to accelerate delivery. This pragmatic approach kept the project lean and let the brokerage stand up the system for its new products with minimal disruption.
INNERLUXES modified and implemented the inherited commercial property insurance software to fit the brokerage requirements. Working with PHP, AWS, MySQL and WordPress, the team adapted the existing modules rather than rebuilding from scratch, reusing proven functionality to accelerate delivery. This pragmatic approach kept the project lean and let the brokerage stand up the system for its new products with minimal disruption.
Results
The software was adapted and rolled out in just two months, letting the brokerage launch its new commercial property insurance products promptly. Reusing the inherited modules significantly reduced project investment compared with building new, giving the firm a faster time to market and a lower-cost path to expanding its portfolio.
The software was adapted and rolled out in just two months, letting the brokerage launch its new commercial property insurance products promptly. Reusing the inherited modules significantly reduced project investment compared with building new, giving the firm a faster time to market and a lower-cost path to expanding its portfolio.