Why Does Digital Transformation Matter?
The insurance industry is challenged by outdated systems that stifle innovation, inefficient processes that raise costs, and complex regulations that add risk. Poor data management and rising customer demands for personalized, seamless experiences further pressure traditional models.
45% of insurance companies are resorting to legacy modernization to improve agility and scalability.
60% of insurance companies have reported significant reductions in operational costs after implementing automation solutions.
75% of insurers believe integrating with digital ecosystems is critical to their success.
What Do We Offer for Digital Transformation
Streamline policy creation, renewal, and administration with automation. Achieve up to 40% faster processing times and reduce manual errors, ensuring compliance across all policy stages.
Speed up claims handling from submission to settlement. Reduce manual tasks by 60%, detect fraud early, and enhance customer satisfaction with faster resolutions.
Integrate agents and policy management for real-time access and better collaboration. Improve service delivery efficiency and enhance transparency, reducing operational silos.
Ensure compliance with industry regulations through integrated automation. Automate reporting and monitoring, reducing compliance-related risks and aligning with legal standards efficiently.
Leverage AI and machine learning for real-time, personalized pricing and accurate risk assessment. Improve pricing accuracy and reduce underwriting time up to 50%, staying competitive in a dynamic market.
Use AI and analytics to understand customer needs. Increase customer satisfaction through personalized communications and products, and boost loyalty with a significant increase in engagement.
AI in Action: Claim Your Free Webinar Recording
Explore the latest insights from insurance industry leaders and learn how to:
- Free Your Time: Let AI handle tasks, approvals, and threats.
- Master the Future: Gain knowledge on AI architecture and data utilization.
- Mythbusting Insurance AI: Separate facts from fiction.
When does Digital Transformation for Insurance make sense?
Digital transformation is critical for insurance companies seeking to stay relevant and competitive in today’s landscape. It’s about using technology for long-term success in the insurance industry. Those who embrace the right tools are not just keeping up—they’re leading the way.
Legacy Constraints
Competitive Innovation
Data Insights
Digital ExperienceStart Your Transformation Without the Hassle
With a proven track record in digital transformation, Sphere offers a clear and effective approach to modernizing your insurance business. Our team of over 400 experienced engineers, data scientists, and AI experts is ready to start your transformation journey in weeks, not months.
Comprehensive Assessment
We begin by thoroughly evaluating your current systems, pinpointing inefficiencies, and identifying areas for improvement.
Strategic Planning
Next, we develop a tailored digital transformation roadmap that aligns with your business goals and market demands.
Seamless Implementation
Our experts implement AI, IoT, and cloud solutions with minimal disruption, ensuring a smooth transition to modern technologies.
Continuous Optimization
We continuously monitor performance, optimize systems, and upskill your team to maximize the value of your new digital tools.
Let’s Find Your Next Insurance Solution
Discover the Full Power of Digital Transformation
By embracing digital transformation in the insurance industry, you unlock:
1. Operational Efficiency
Streamline processes, reduce manual workloads, and lower operational costs.
2. Enhanced Customer Experience
Deliver personalized, seamless digital interactions that meet the needs of today’s customers.
3. Data-Driven Decision Making
Use advanced analytics to make smarter, more informed decisions, gaining a competitive edge.
4. Scalability and Flexibility
Easily adapt to market shifts and scale your operations with agile, cloud-based solutions.
5. Improved Risk Management
Leverage AI and IoT to better predict and manage risks, enhancing overall performance.
Why Sphere?
We understand that choosing the right software development company can be a challenge. With over 15 years of experience and hundreds of satisfied clients, we have the market-proven experience and software solutions to fit your needs. See some of the success stories for and check out our client testimonials.
What Our Clients Say About Us
Our experience with Sphere and their team has been and continues to be fantastic. We keep throwing new projects at them, and they keep knocking them out of the park (including the rescue of a project that was previously bungled by another vendor).
I would expect to be delighted. It’s been a really positive experience, working with Sphere, and I would expect you to have the same.
Sphere consistently prioritizes the needs of their clients, demonstrating both agility and teamwork. They bring innovative and well-considered solutions, consistently surpassing my expectations.
Sphere provided excellent full-stack development manpower to augment our team and work with us.
We've been working with Sphere and its excellent consultants since our founding. Their combination of offshore talent, pricing, and shift offsetting is hard to beat. They provide crucial augmentation to our in-house team. We simply couldn't achieve our production ambitions without their service.
The resources and developers that Sphere Software provides are skilled and have the required technical expertise to complete their tasks successfully, with the team easily scaled in either direction. The deliverables are always high-quality.
With Sphere, we were able to migrate in half the time it would take to train an additional FTE…
These things would not have been achievable if we did not build our own in-house system. We augmented our development team capabilities using Sphere’s developer, who works very well with our Dev Lead in Chicago. Sphere’s developer was an expert in the new system, and continues to be an expert as we evolve it.
Success We Have Driven
Find out moreMeet the Team Behind Your Success
Mario Schwarts
Managing Director of Data Analytics and Intelligence Practice
With almost three decades of experience in Data Engineering, Data Strategy and Digital transformation journeys, Mario brings the knowledge to provide actionable insights and empowering executives by implementing value driven data intelligent solutions. Mario has contributed to successful projects on multiple organizations such as Capgemini, Navistar, BMO, Columbus Global and TEK Global Systems. He is passionate about using the latest Analytics tools (Machine Learning/Data Science/Gen AI), and other advanced digital technologies to bring value to the clients he works with and continuously drive business growth using data.
Luke Suneja
Client Partner
Working from the London and Kyiv offices, Luke Suneja helps clients and partners drive business value using Sphere’s global workforce of developers, analysts, QAs, creatives, and enterprise solutions architects. With more than 10 years experience, Luke’s passion for problem solving has made him an invaluable asset to clients and partners.
Steven Scardino
Client Partner
Innovative leader with critical thinking and problem-solving skills across varied industries. Inside and Outside sales professional with proven ability to develop, drive and implement actionable growth strategy plans. 9 years’ experience producing revenue growth by leveraging a customer first methodology and consultative sales approach to identify and solve pain points.
Igor Meltser
Director of Delivery
Igor has extensive technical and operational experience, spending the last 15 years of his career in various Healthcare-related IT roles. With almost 20 years overall in small entrepreneurial and large global tech-forward organizations, Igor leads cross-functional teams to design and deliver innovative high-tech solutions to aid in the continuum of care. He holds a Master’s Degree in Information Systems Technology, Networking and Security, and two Bachelor degrees in Computer Science and Information Systems from DePaul University. Igor previously held a CCNA certification and had successfully completed a SAFe Foundations bootcamp program.
Joe Nestory
Business Development Director