Insurance is becoming more digital and competitive by the day
Luxoft has the insurance expertise and solutions and the IT talent to help your organization be a leader
Our insurance IT solutions and offerings
Secure your path to success through our advisory solutions to assist build or buy decisions, implementation strategies and project routes.
Optimize your software development potential and streamline testing, development and deployment with our engineering-at-scale offerings designed for insurance providers.
Our specialists can revitalize your applications and help overcome the hindrance of outdated legacy systems, to position your organization for the future.
From risk evaluation to claims settlement, our experts streamline your operations, automate repetitive tasks, and simplify your internal processes.
Let us convert your data into a valuable resource for informed decision-making, comprehensive insights, large-scale personalization and improved risk evaluation.
Enhance customer engagement, boost employee productivity and elevate adoption rates through user-centric UX/UI design that brings joy to your users.
DXC Luxoft-sponsored Insurance Industry Insights podcast
Get fresh insights on industry trends and innovations that matter
Join industry experts as they explore the technological advancements shaping the future of insurance. Stay ahead of the curve with in-depth discussions about navigating the challenges and opportunities in the modern insurance market.
In today's app-driven connected world, data is key to success in the insurance industry. Luxoft is the preferred technology partner for insurers, offering AI-powered analytics, automation, and cloud solutions that accelerate claims and underwriting processes while improving accuracy and security.
Our approach
Strategy
We listen to your business problem, give advice based on our knowledge of the sector and help you define your solution.
Business case
We provide expert insight to help you build your business case, by utilizing your existing technology or advising on best-in-class in the market.
Proof of value
We deliver evidence of your business case through proof of value and proofs of concept, to de-risk your implementation.
Implementation
We deploy experts who understand your goals and your solution, to enable you to deliver projects quickly with minimal risk.
Gain a competitive edge with cutting-edge insurtech solutions
Luxoft in the insurance industry — the numbers
350
active insurance and financial services clients
20+
years’ experience operating globally distributed Agile teams
7,300
insurance and financial services professionals
70%
of engineers have advanced degrees
Streamline your entire insurance ecosystem with Luxoft's LXA platform. Whether it's accelerating claims processing, enhancing policy administration or refining risk assessment, LXA integrates cutting-edge AI and machine learning to transform data into actionable insights.
Sectors we serve
Property and casualty
Life and retirement
Investment management
News and insights
Blog
Insurance 2025 — can technology deliver sustainable growth for a more certain future? Part I
Blog
Insurance 2025 — can technology deliver sustainable growth for a more certain future? Part II
Create solutions that define growth
FAQ
Technology solutions impact the insurance industry in a myriad of ways, helping organizations:
- Make sense of mountains of data. Cloud computing, AI and predictive analytics allow organizations to put all their data to good use. These technologies help draw insights from it and power well-informed, data-driven decision-making
- Streamline compliance. From KYC/AML to fraud detection, technology can automate, speed up and facilitate compliance with ever-evolving regulatory requirements
- Improve operational efficiency. Intelligent automation improves productivity and performance, allowing for the most efficient use of employees’ time and energy
- Power innovative insurance solutions. From peer-to-peer (P2P) insurance to telematics, technology makes new products and operating models possible
- Meet customer expectations. Customers are more and more demanding toward claim processing time, customer service and account management. Technology allows organizations to meet their needs
With the help of insurance technology consulting and as-a-service solutions or bespoke engineering, insurance companies can implement AI to:
- Enable data-driven decision-making. AI helps provide insights into gigabytes of data with a few strokes of the keyboard. It can also power intelligent asset assessment and predictive analytics
- Automatically detect potential fraud. AI algorithms can continuously scan millions of data points and flag suspicious behavior, all without human involvement
- Speed up claim processing. AI powers optical character recognition (OCR) that allows for transforming scanned or photographed documents into machine-recognized text
- Streamline underwriting. AI can handle increasingly complex insurance scenarios and make adjustments based on real-time data in a fraction of the time a human would require
- Personalize offerings further. Analyzing mountains of data from connected devices and customer activity allows for highly personalized products and services delivered in real time
Here are three technologies that are transforming the insurance industry as we know it:
- Applied artificial intelligence. It has a major impact on every insurance niche, from personal and commercial to life and annuities. Applied AI can enable, streamline and automate core insurance processes: distribution, claims, underwriting and service
- Cloud computing. Migrating to the cloud allows insurance companies to shed the limitations of on-premises infrastructure, thus maximizing software performance, stability and scalability. Moving to the cloud is also a necessary prerequisite for drawing insights from mountains of data
- Automation. Robotic process automation continues to streamline workflows and improve operational efficiency. New cutting-edge automation technology solutions emerge as well, such as using the Industrial Internet of Things to monitor equipment condition and power predictive maintenance