</noscript> <!--LeadSquared Tracking Code Start--> <script type="text/javascript" src="https://web-in21.mxradon.com/t/Tracker.js"></script> <script type="text/javascript"> pidTracker('67885'); </script> </div><div><div><section class="InnerCommonBanner_commonbanner__GlDhs false false false false false false false InnerCommonBanner_solutions_banner__HyT8w false InnerCommonBanner_insurtech_sec__ROgsq false false false false false false false "><div class="InnerCommonBanner_banner_img__fMULU"></div><div class="container "><div class="InnerCommonBanner_cont_wrapper__PFBBP "><div class="overflow-hidden InnerCommonBanner_wrapheading__D7p7q"><h2 class="InnerCommonBanner_heading__W5vYn">Embrace <span> Digital Transformation </span> in <br/>Insurance Landscape for Competitive Edge</h2></div><div class="overflow-hidden InnerCommonBanner_wraptext__0Uozm"><p class="InnerCommonBanner_text__m7_0d">Make informed decisions, speed up the development, improve sales, streamline policy issuance and claim processing</p></div><div class="overflow-hidden"><a class="btn btn-insurtech " href="/book-a-demo">Request a Demo</a></div></div></div></section></div><div><section class="FintechAbout_fintechabout__nfxHt FintechAbout_insuretechabout__Dhtn_ false false "><div class="FintechAbout_bg_about_insurtech__nQBDz"><img alt="background Image" fetchPriority="high" decoding="async" data-nimg="fill" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" src="/images/insurtech/bg_about.png"/></div><div class="container"><div class="BreadCrumbs_breadcrumbs_wrap__rglSh pt-lg-5 pt-4"><nav aria-label="breadcrumb"><ol class="breadcrumb"><li class="breadcrumb-item"><a href=" /"><div class="BreadCrumbs_bread_wrap__Deoy_"><svg class="BreadCrumbs_bottomicon__7nu9c" viewBox="0 0 1060 1024" style="display:inline-block;stroke:currentColor;fill:currentColor;width:15;height:15"><path d="M401.032 1005.755v-307.032c-0-0.022-0-0.047-0-0.073 0-10.077 8.169-18.245 18.245-18.245 0 0 0 0 0 0l221.133 0c0-0 0-0 0-0 10.077 0 18.245 8.169 18.245 18.245 0 0.026-0 0.051-0 0.077l0-0.004v306.959c0 10.077 8.169 18.245 18.245 18.245v0h225.439c10.077 0 18.245-8.169 18.245-18.245v0-478.684c-0-0.022-0-0.047-0-0.073 0-10.077 8.169-18.245 18.245-18.245 0 0 0 0 0 0l102.174 0c0.016 0 0.036 0 0.055 0 10.077 0 18.245-8.169 18.245-18.245 0-5.306-2.265-10.083-5.881-13.417l-0.013-0.011-511.161-472.116c-3.252-3.001-7.615-4.841-12.407-4.841s-9.155 1.84-12.419 4.853l0.013-0.011-511.526 472.116c-3.629 3.345-5.894 8.122-5.894 13.429 0 10.077 8.169 18.245 18.245 18.245 0.019 0 0.039-0 0.058-0l-0.003 0h102.174c0-0 0-0 0-0 10.077 0 18.245 8.169 18.245 18.245 0 0.026-0 0.051-0 0.077l0-0.004v478.757c0 10.077 8.169 18.245 18.245 18.245v0h225.804c10.077 0 18.245-8.169 18.245-18.245v0z" fill="rgb(173, 173, 173)"></path></svg></div></a></li><li class="breadcrumb-item BreadCrumbs_linkclose__uAlET "><a href="#" role="button" tabindex="0">Solutions</a></li><li class="breadcrumb-item"><a href=" /insurtech"><div class="BreadCrumbs_bread_wrap__Deoy_">InsurTech</div></a></li></ol></nav></div><div class="FintechAbout_top_wrapper__Zz6Vs"><div class="FintechAbout_top_head__ddDNn"><h2 class="FintechAbout_title_heading__2mfGQ h2">Ensure business continuity and adaptability in the face of changing customer expectations in <span> InsurTech </span></h2></div></div><div class="row FintechAbout_row_top__749CL"><div class="col-lg-5"></div><div class="col-lg-7"><div class="mt-2 ms-lg-5 FintechAbout_right__M_dVX"><h3>Technology is changing the dynamics of policy pricing, underwriting, claims management, risk analysis, reinsurance,<span style="background-color:rgb(255,255,255);color:rgb(0,0,0);font-family:Arial;font-size:13px"> </span>and customer service. Hence, the insurance industry is not immune to digital disruption. There is a need for businesses to adapt accordingly to remain competitive in a rapidly evolving market.</h3><p>Novac can help you to stay ahead of the curve by acting as your digital transformation partner. We work with you to enhance fraud detection, increase accuracy in claim settlement, and comply with industry regulations.</p><div class="overflow-hidden mt-4 pt-1"><a class="btn btn-insurtech " href="/insurance-management-software">Know More</a></div></div></div></div></div></section></div><div><section class="FintechTransformation_fintech_transform__hH6ma FintechTransformation_insuretech_transform__mwLWn false false"><div class="container"><h2 class="undefined ">Unlocking new revenue streams and business models through <span> digital innovation </span></h2><div class="row"><div style="--anim-index:0s" class="animate-fadein col-lg-6 ZivaIconTextCard_wraper_zivatext__BcmQr ZivaIconTextCard_fintech_wrapper__8ByaY "><div class="ZivaIconTextCard_ziva_icon_text_card__AIXpg"><figure><img loading="lazy" decoding="async" data-nimg="fill" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" src="https://cdn.novactech.com/insurtech_digital1_1db9a75644.svg"/></figure><div><h3 class="ZivaIconTextCard_title__n8PFa">Better Customer Experience</h3><p>Insurers giving priority to digital transformation will offer personalized services. This facilitates faster claim settlement, higher policyholder retention (procuring of insurance plans), and quicker resolution of policy-related queries. </p></div></div></div><div style="--anim-index:0.1s" class="animate-fadein col-lg-6 ZivaIconTextCard_wraper_zivatext__BcmQr ZivaIconTextCard_fintech_wrapper__8ByaY "><div class="ZivaIconTextCard_ziva_icon_text_card__AIXpg"><figure><img loading="lazy" decoding="async" data-nimg="fill" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" src="https://cdn.novactech.com/insurtech_digital2_dbd9feb5de.svg"/></figure><div><h3 class="ZivaIconTextCard_title__n8PFa">Data-Driven Decision Making</h3><p>Insurance companies can make informed decisions based on the needs and preferences of customers. Data analytics will be handy while conducting background checks and for dealing with fraudulent claims.</p></div></div></div><div style="--anim-index:0.2s" class="animate-fadein col-lg-6 ZivaIconTextCard_wraper_zivatext__BcmQr ZivaIconTextCard_fintech_wrapper__8ByaY "><div class="ZivaIconTextCard_ziva_icon_text_card__AIXpg"><figure><img loading="lazy" decoding="async" data-nimg="fill" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" src="https://cdn.novactech.com/insurtech_digital3_5d9b38f7d8.svg"/></figure><div><h3 class="ZivaIconTextCard_title__n8PFa">Improved Risk Management</h3><p>Insurers can assess risks in an analytical manner and take steps to mitigate them. Eventually, a higher level of accuracy in risk assessment will help in reducing liability costs. </p></div></div></div><div style="--anim-index:0.30000000000000004s" class="animate-fadein col-lg-6 ZivaIconTextCard_wraper_zivatext__BcmQr ZivaIconTextCard_fintech_wrapper__8ByaY "><div class="ZivaIconTextCard_ziva_icon_text_card__AIXpg"><figure><img loading="lazy" decoding="async" data-nimg="fill" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" src="https://cdn.novactech.com/insurtech_digital4_886b2e878e.svg"/></figure><div><h3 class="ZivaIconTextCard_title__n8PFa">Enhanced Agility</h3><p>Automation of insurance processes results in improved operational agility. Thus, insurers can adapt to changing global market conditions and customer expectations. </p></div></div></div></div></div></section></div><div><section class="InsuranceBusiness_ins_business__oodea"><div class="container"><div class="row InsuranceBusiness_content_wrapper__fhIhE"><div class="col-12 col-lg-6 "></div><div class="col-12 col-lg-6"><h2 class="InsuranceBusiness_title__SGTG9 h2">Comprehensive insurance software solutions for end-to-end <span> digital transformation </span></h2><p>To keep insurers on top of their game, we offer insurtech solutions that are accessible, flexible, secure, and easily integrable.</p><a class="mt-3 me-3 btn btn-statim text-white" href="/insurance-management-software">Know More</a></div></div></div></section></div><div><section class="SolutionAccordian_insuretech_section__kzXxM false position-relative overflow-hidden SolutionAccordian_digitallearning_gradient__pdOfi false"><div class="SolutionAccordian_addon_img__dk1Or"><img alt="ziva-top-glow" loading="lazy" decoding="async" data-nimg="fill" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" src="/images/insurtech/bg_accordian.png"/></div><div class="SolutionAccordian_addon_img__dk1Or"><img alt="ziva-top-glow" loading="lazy" decoding="async" data-nimg="fill" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" src="/images/digitallearning/bg_accordian_digitallearning.png"/></div><div class="container position-relative"><div class="row SolutionAccordian_header_wrapper__0_FMS "><div class="col-12 col-lg-5"><h2 class=" false text-black gradient-text-orange-black-title h2 mb-0 SolutionAccordian_title__vtEG3"><span>Statim® </span> - <br/>A General and Life Insurance Platform</h2></div><div class="col-12 col-lg-7 pt-lg-3"><div class="text-black mb-0 SolutionAccordian_description__OL6_F"><p>STATIM®, a cloud-powered Life and General Insurance solution is designed to remove complexities for insurance businesses. As a next-gen platform, Statim LI and Statim GI take care of all aspects like sales and distribution, policy administration, claims settlement, and billing management. It perfectly suits the requirements of insurers, agents, brokers, and web aggregators.</p></div></div></div><div class="row SolutionAccordian_content_wrapper__FOy2c flex-lg-row-reverse"><div class="col-12 col-lg-6"><div style="--img-max-width:1090px" class="ZivaImage_img_wrapper__1uGy5 ziva_img_wrapper "><figure class="mb-0" style="--bs-aspect-ratio:119.26605504587155%"><img alt="image" fetchPriority="high" decoding="async" data-nimg="fill" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" src="https://cdn.novactech.com/insurtech_img_29e204bf4b.webp"/></figure></div></div><div class="col-12 col-lg-6"><div class="NovacAccordion_accordion_wrapper__FCW2S NovacAccordion_axle_accordian__FdmXK "><div class="accordion"><div class="accordion-item"><h2 class="text-black accordion-header"><button type="button" aria-expanded="true" class="accordion-button"><span>0<!-- -->1<!-- -->.</span> <div class="NovacAccordion_accordionHeader__GBa58">Digital Claims Processing</div></button></h2><div class="accordion-collapse collapse show"><div class="text-black NovacAccordion_accordion_content__QcvpB accordion-body"><p>As insurers shift from legacy systems, technology has facilitated straight-through processing of claims. This brings several benefits like automatic processing of payments, reduced chances of fraud, enhanced customer experience, and reduction in the cost of claims.</p></div></div></div><div class="accordion-item"><h2 class="text-black accordion-header"><button type="button" aria-expanded="false" class="accordion-button collapsed"><span>0<!-- -->2<!-- -->.</span> <div class="NovacAccordion_accordionHeader__GBa58">Data Analytics</div></button></h2><div class="accordion-collapse collapse"><div class="text-black NovacAccordion_accordion_content__QcvpB accordion-body"><p>Insurance companies leverage data analytics for accessing Human Life Value (HLV). They can collect demographic data, health records, and lifestyle information to determine an individual’s risk profile. This data-driven approach enables them to set appropriate premiums and issue tailor-made policy offerings.</p></div></div></div><div class="accordion-item"><h2 class="text-black accordion-header"><button type="button" aria-expanded="false" class="accordion-button collapsed"><span>0<!-- -->3<!-- -->.</span> <div class="NovacAccordion_accordionHeader__GBa58">Customer Retention</div></button></h2><div class="accordion-collapse collapse"><div class="text-black NovacAccordion_accordion_content__QcvpB accordion-body"><p>Insurers can enhance customer retention by using self-service portals for policy management, integrating chatbots for quick support, and automating service processes using CRM. This will foster customer loyalty and increase satisfaction.</p></div></div></div><div class="accordion-item"><h2 class="text-black accordion-header"><button type="button" aria-expanded="false" class="accordion-button collapsed"><span>0<!-- -->4<!-- -->.</span> <div class="NovacAccordion_accordionHeader__GBa58">Decentralized Insurance</div></button></h2><div class="accordion-collapse collapse"><div class="text-black NovacAccordion_accordion_content__QcvpB accordion-body"><p>Powered by blockchain technology and smart contracts, Decentralized Insurance will restore the transparency and trust in the insurance industry. DeFi Insurance is characterized by aspects like hedging of price risk, discretionary mutual coverage, parametric insurance, and on-demand risk management.</p></div></div></div><div class="accordion-item"><h2 class="text-black accordion-header"><button type="button" aria-expanded="false" class="accordion-button collapsed"><span>0<!-- -->5<!-- -->.</span> <div class="NovacAccordion_accordionHeader__GBa58">Usage-Based Insurance</div></button></h2><div class="accordion-collapse collapse"><div class="text-black NovacAccordion_accordion_content__QcvpB accordion-body"><p>As an alternative to fixed premiums, Usage-Based Insurance (UBI) charges premiums based on actual usage/ behaviour. Telematics collect data about customers and monitor their behaviour and habits. This data will determine the calculation of insurance premiums. Usage-Based Insurance offers advantages like accurate assessment of claims, better understanding of risk profiles, reduced chances of fraud, and precise estimation of damages.</p></div></div></div></div></div></div></div></div></section></div><div><section class="InsuranceOperations_ins_op__R1_Z2 d-none"><div class="container"><div class="InsuranceOperations_ins_op_head__fXHCt"><div class="row row-cols-lg-2 text-white"><h2 class="InsuranceOperations_title__AGsJZ h2">Revolutionize the Future of Insurance Operations</h2><p>Insurance companies can embrace the metaverse and enhance customer engagement. It also makes the underwriting process more accurate, speeds up claim settlement, and aids in fraud detection </p></div></div><div class="InsuranceOperations_ins_op_body__oCW4w"><div class="swiper InsuranceOperations_mySwiper__dnVjr"><div class="swiper-wrapper"><div class="swiper-slide"><div class="InsuranceCard_ins_card_wrapper__sllXy"><div class="InsuranceCard_ins_card__u7E9m text-white"><h3 class="InsuranceCard_title__lppxz">Claims Management</h3><p>Insurers can utilize metaverse headsets for conducting asset assessment. They can verify submitted claims by overlaying new damage information over pre-damage images.</p></div></div></div><div class="swiper-slide"><div class="InsuranceCard_ins_card_wrapper__sllXy"><div class="InsuranceCard_ins_card__u7E9m text-white"><h3 class="InsuranceCard_title__lppxz">Virtual Underwriting</h3><p>Underwriters can evaluate assets without on-site inspection. Extended Reality (XR) helps in simulating and recreating real-life scenarios. Accordingly, claim adjusters will estimate the damages to assets.</p></div></div></div><div class="swiper-slide"><div class="InsuranceCard_ins_card_wrapper__sllXy"><div class="InsuranceCard_ins_card__u7E9m text-white"><h3 class="InsuranceCard_title__lppxz">Fraud Prevention</h3><p>In the metaverse, smart contracts store all information related to policyholders. Operating immutably, it detects fraudulent claims and payout of claims are made only when predefined conditions are met. Insurers in the metaverse will benefit from higher trust, greater transparency, and lower litigation costs.</p></div></div></div></div><div class="swiper-scrollbar"></div></div></div></div></section></div><div><section class=" LetsTalk_home_letstalk__9n26u LetsTalk_solution_details_page__ZM95D " id="scrollTocontact"><div class="container"><div class="row"><div class="col-lg-5"><div class="LetsTalk_left__H9Sbw"><h2 class="h2 LetsTalk_title__wvTYX false false ">Lets Talk!</h2><p class="ff-secondary mb-0 LetsTalk_sub_title__XZdSc">Bring in the change to your Insurance business with STATIM®</p></div></div><div class="col-lg-7 "><div class="undefined"><form class="ContactForm_form_grp_wrap__HsNlN"><div class="row"><div class="mb form-group col-lg-6"><input placeholder="First Name" name="first_name" autoComplete="off" type="text" id="first_name" class="form-control" value=""/></div><div class="mb form-group col-lg-6"><input placeholder="Last Name" name="last_name" autoComplete="off" type="text" id="last_name" class="form-control" value=""/></div><div class="mb form-group col-lg-6"><div class="intl-tel-input"><div class="flag-container"><div class="selected-flag" tabindex="" title="undefined: +undefined"><div class="iti-flag us"></div><div class="selected-dial-code"></div></div><ul class="country-list hide"></ul></div><input type="tel" autoComplete="off" class="form-control" name="phone_no" id="phone_no" placeholder="Phone No" value=""/></div></div><div class="mb form-group col-lg-6"><input placeholder="Business Email" name="business_email" autoComplete="off" type="email" id="business_email" class="form-control" value=""/></div><div class="mb form-group col-lg-6"><input placeholder="Job Title" name="job_title" autoComplete="off" type="text" id="job_title" class="form-control" value=""/></div><div class="mb form-group col-lg-6"><input placeholder="Company Name" name="company_name" autoComplete="off" type="text" id="company_name" class="form-control" value=""/></div><div class="mb form-group col-lg-6"><input placeholder="Company Website" name="company_website" autoComplete="off" type="text" id="company_website" class="form-control" value=""/></div><div class="mb form-group col-lg-6"><input placeholder="City" name="city" autoComplete="off" type="text" id="city" class="form-control" value=""/></div><div class="mb form-group col-lg-12"><style data-emotion="css 3iigni-container">.css-3iigni-container{pointer-events:none;position:relative;box-sizing:border-box;}</style><div class="selected--is-disabled css-3iigni-container"><style data-emotion="css 7pg0cj-a11yText">.css-7pg0cj-a11yText{z-index:9999;border:0;clip:rect(1px, 1px, 1px, 1px);height:1px;width:1px;position:absolute;overflow:hidden;padding:0;white-space:nowrap;}</style><span id="react-select-:R4tt6:-live-region" class="css-7pg0cj-a11yText"></span><span aria-live="polite" aria-atomic="false" aria-relevant="additions text" role="log" class="css-7pg0cj-a11yText"></span><style data-emotion="css 16xfy0z-control">.css-16xfy0z-control{-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;cursor:default;display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-box-flex-wrap:wrap;-webkit-flex-wrap:wrap;-ms-flex-wrap:wrap;flex-wrap:wrap;-webkit-box-pack:justify;-webkit-justify-content:space-between;justify-content:space-between;min-height:38px;outline:0!important;position:relative;-webkit-transition:all 100ms;transition:all 100ms;background-color:hsl(0, 0%, 95%);border-color:hsl(0, 0%, 90%);border-radius:4px;border-style:solid;border-width:1px;box-sizing:border-box;}.css-16xfy0z-control:hover{border-color:hsl(0, 0%, 70%);}</style><div class="selected__control selected__control--is-disabled css-16xfy0z-control" aria-disabled="true"><style data-emotion="css hlgwow">.css-hlgwow{-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;display:grid;-webkit-flex:1;-ms-flex:1;flex:1;-webkit-box-flex-wrap:wrap;-webkit-flex-wrap:wrap;-ms-flex-wrap:wrap;flex-wrap:wrap;-webkit-overflow-scrolling:touch;position:relative;overflow:hidden;padding:2px 8px;box-sizing:border-box;}</style><div class="selected__value-container selected__value-container--has-value css-hlgwow"><style data-emotion="css olqui2-singleValue">.css-olqui2-singleValue{grid-area:1/1/2/3;max-width:100%;overflow:hidden;text-overflow:ellipsis;white-space:nowrap;color:hsl(0, 0%, 60%);margin-left:2px;margin-right:2px;box-sizing:border-box;}</style><div class="selected__single-value selected__single-value--is-disabled css-olqui2-singleValue">Insurance Solutions</div><style data-emotion="css 1mkvw8y">.css-1mkvw8y{visibility:hidden;-webkit-flex:1 1 auto;-ms-flex:1 1 auto;flex:1 1 auto;display:inline-grid;grid-area:1/1/2/3;grid-template-columns:0 min-content;margin:2px;padding-bottom:2px;padding-top:2px;color:hsl(0, 0%, 20%);box-sizing:border-box;}.css-1mkvw8y:after{content:attr(data-value) " ";visibility:hidden;white-space:pre;grid-area:1/2;font:inherit;min-width:2px;border:0;margin:0;outline:0;padding:0;}</style><div class="selected__input-container css-1mkvw8y" data-value=""><input class="selected__input" style="label:input;color:inherit;background:0;opacity:1;width:100%;grid-area:1 / 2;font:inherit;min-width:2px;border:0;margin:0;outline:0;padding:0" disabled="" autoCapitalize="none" autoComplete="off" autoCorrect="off" id="react-select-:R4tt6:-input" spellcheck="false" tabindex="0" type="text" aria-autocomplete="list" aria-expanded="false" aria-haspopup="true" role="combobox" aria-activedescendant="" value=""/></div></div><style data-emotion="css 1wy0on6">.css-1wy0on6{-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;-webkit-align-self:stretch;-ms-flex-item-align:stretch;align-self:stretch;display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-flex-shrink:0;-ms-flex-negative:0;flex-shrink:0;box-sizing:border-box;}</style><div class="selected__indicators css-1wy0on6"><style data-emotion="css 894a34-indicatorSeparator">.css-894a34-indicatorSeparator{-webkit-align-self:stretch;-ms-flex-item-align:stretch;align-self:stretch;width:1px;background-color:hsl(0, 0%, 90%);margin-bottom:8px;margin-top:8px;box-sizing:border-box;}</style><span class="selected__indicator-separator css-894a34-indicatorSeparator"></span><style data-emotion="css 1xc3v61-indicatorContainer">.css-1xc3v61-indicatorContainer{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-transition:color 150ms;transition:color 150ms;color:hsl(0, 0%, 80%);padding:8px;box-sizing:border-box;}.css-1xc3v61-indicatorContainer:hover{color:hsl(0, 0%, 60%);}</style><div class="selected__indicator selected__dropdown-indicator css-1xc3v61-indicatorContainer" aria-hidden="true"><style data-emotion="css 8mmkcg">.css-8mmkcg{display:inline-block;fill:currentColor;line-height:1;stroke:currentColor;stroke-width:0;}</style><svg height="20" width="20" viewBox="0 0 20 20" aria-hidden="true" focusable="false" class="css-8mmkcg"><path d="M4.516 7.548c0.436-0.446 1.043-0.481 1.576 0l3.908 3.747 3.908-3.747c0.533-0.481 1.141-0.446 1.574 0 0.436 0.445 0.408 1.197 0 1.615-0.406 0.418-4.695 4.502-4.695 4.502-0.217 0.223-0.502 0.335-0.787 0.335s-0.57-0.112-0.789-0.335c0 0-4.287-4.084-4.695-4.502s-0.436-1.17 0-1.615z"></path></svg></div></div></div></div><input type="hidden" name="ip_address" id="ip_address" value=""/><input type="hidden" name="country_code" id="country_code" value="in"/></div><div class="mb form-group col-lg-12"><textarea rows="4" placeholder="Message" name="message" autoComplete="off" id="message" class="form-control"></textarea></div><div class="checkbox form-group"><div class="form-group form-check"><input name="wish_to_receive" type="checkbox" id="wish_to_receive" class="form-check-input"/><label title="" for="wish_to_receive" class="form-check-label">By submitting this form, I consent Novac Technology Solutions to use my data for contacting through Call/SMS/Email.</label></div><div></div></div><div class=" form-group mb-0"><button type="submit" class="btn btn-insurtech false false false ">Submit</button></div></div></form></div></div></div></div></section></div><div><section class=" ZivaBeliefInAction_ziva_events__gfD9u ZivaBeliefInAction_dark_bg__xmz0l ZivaBeliefInAction_insurtech_sec__Hi0tQ position-relative overflow-hidden"><div class="ZivaBeliefInAction_insuretech_bg_belief__r90fV"><img alt="belief-addon-img" loading="lazy" decoding="async" data-nimg="fill" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" src="/images/insurtech/insuretech_bg_belief_action.png"/></div><div class="container"><div class="ZivaBeliefInAction_markettop__Gkvmp "><h2 class="h2 text-white undefined">Insights Hub</h2></div><div class="row"><div class="col-lg-4 ZivaEventsCard_dark_theme__t8cmf "><a class="ZivaEventsCard_right_news_card__MbLh8" href="/blog/loan-origination-systems-complete-guide"><div class=" ZivaEventsCard_figure_left__l_dfN"><div class="ZivaEventsCard_category__FG_kc"> Event</div><figure class="mb-0 image-load ZivaEventsCard_figure_wrap__ygSOJ"><img fetchPriority="high" decoding="async" data-nimg="fill" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" src="https://cdn.novactech.com/Loan_819_x_435_8a7d9b96fd.webp"/></figure></div><div class=" ZivaEventsCard_right_cont_wrap__nyFMp"><span class="ZivaEventsCard_date__f5fn9">Dec/11/2024</span><span>FinTech</span><div class="mt-3 undefined"><h3 class="h5 ">Loan Origination Systems - A Complete Guide</h3></div></div></a></div><div class="col-lg-4 ZivaEventsCard_dark_theme__t8cmf "><a class="ZivaEventsCard_right_news_card__MbLh8" href="/blog/loan-servicing-complete-guide"><div class=" ZivaEventsCard_figure_left__l_dfN"><div class="ZivaEventsCard_category__FG_kc"> Event</div><figure class="mb-0 image-load ZivaEventsCard_figure_wrap__ygSOJ"><img fetchPriority="high" decoding="async" data-nimg="fill" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" src="https://cdn.novactech.com/loan_servicing_complete_guide_banner_0e31eaad9f.webp"/></figure></div><div class=" ZivaEventsCard_right_cont_wrap__nyFMp"><span class="ZivaEventsCard_date__f5fn9">Jan/28/2025</span><span>FinTech</span><div class="mt-3 undefined"><h3 class="h5 ">Loan Servicing Simplified - A Complete Guide</h3></div></div></a></div><div class="col-lg-4 ZivaEventsCard_dark_theme__t8cmf "><a class="ZivaEventsCard_right_news_card__MbLh8" href="/blog/ar-vr-trends-2025"><div class=" ZivaEventsCard_figure_left__l_dfN"><div class="ZivaEventsCard_category__FG_kc"> Event</div><figure class="mb-0 image-load ZivaEventsCard_figure_wrap__ygSOJ"><img alt="ar-vr-trends-2025-banner" fetchPriority="high" decoding="async" data-nimg="fill" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" src="https://cdn.novactech.com/ar_vr_trends_2025_banner_bd66f03bd9.webp"/></figure></div><div class=" ZivaEventsCard_right_cont_wrap__nyFMp"><span class="ZivaEventsCard_date__f5fn9">Dec/31/2024</span><span>ImmersiveTech </span><div class="mt-3 undefined"><h3 class="h5 ">A Year in Innovation: AR, VR and MR’s Evolution in 2024 and a Bright Outlook for 2025</h3></div></div></a></div></div></div></section></div><input type="hidden" id="slug" name="slug" value="insurance-software-solutions"/><input type="hidden" id="action_name" name="action_name" value="nt_insurance-software-solutions"/></div><footer class="Footer_footer__KSTED" style="--footerbackground:#0F0C00"><div class="container"><div class="Footer_links_wrap__qkgAX"><div class="row "><div class="accordion"><div class="accordion-item"><h2 class="accordion-header"><button type="button" aria-expanded="true" class="accordion-button">Solutions</button></h2><div class="accordion-collapse collapse show"><div class="Footer_links_acd__0c_hs accordion-body"><ul><li class=""><a href="/digital-lending-platform">FinTech</a></li><li class="active"><a href="/insurance-software-solutions">InsurTech</a></li><li class=""><a href="/elearning-solutions">Digital Learning</a></li><li class=""><a href="/metaverse-development-company">ImmersiveTech</a></li></ul></div></div></div><div class="accordion-item"><h2 class="accordion-header"><button type="button" aria-expanded="false" class="accordion-button collapsed">Platforms</button></h2><div class="accordion-collapse collapse"><div class="Footer_links_acd__0c_hs accordion-body"><ul><li class=""><a href="/loan-management-system">ZIVA</a></li><li class=""><a href="/insurance-management-software">STATIM</a></li><li class=""><a href="/learning-management-system">AXLE</a></li></ul></div></div></div><div class="accordion-item"><h2 class="accordion-header"><button type="button" aria-expanded="false" class="accordion-button collapsed">Discover Us</button></h2><div class="accordion-collapse collapse"><div class="Footer_links_acd__0c_hs accordion-body"><ul><li class=""><a href="/about-us">About Us</a></li><li class=""><a href="/leadership">Leadership</a></li><li class=""><a href="/careers">Join us</a></li><li class=""><a href="/locate">Locate Us</a></li><li class=""><a href="/news">News</a></li></ul></div></div></div><div class="accordion-item"><h2 class="accordion-header"><button type="button" aria-expanded="false" class="accordion-button collapsed">Resources</button></h2><div class="accordion-collapse collapse"><div class="Footer_links_acd__0c_hs accordion-body"><ul><li class=""><a href="/blog">Blogs</a></li><li class=""><a href="/brochure">Brochures</a></li><li class=""><a href="/media-kit">Media Kit</a></li><li class=""><a href="/techbrewers">Techbrewers</a></li></ul></div></div></div><div class="accordion-item"><h2 class="accordion-header"><button type="button" aria-expanded="false" class="accordion-button collapsed">Address </button></h2><div class="accordion-collapse collapse"><div class="Footer_links_acd__0c_hs accordion-body"><div class="Footer_address_links__mULjO col-lg-12"><div class="d-flex flex-wrap justify-content-between"><div class="Footer_links_box__qDgT3 col-lg-6 pb-3"><address class="Footer_addresstext__LhsV0"><span>“The Pavilion”, New # 10,13 & 100, Abiramapuram 4th Street, TTK Road, Alwarpet, Chennai, Tamil Nadu - 600018.</span></address><div class="Footer_addressnumber__I3WkP"><div class="Footer_top_icon__YkRY4"><svg viewBox="0 0 1280 1024" style="display:inline-block;stroke:currentColor;fill:currentColor;width:20px;height:20px"><path d="M1152.208 1024.061h-1024.307c-70.638-0.105-127.865-57.375-127.9-128.020l-0-0.003 0.738-768.015c-0-0.055-0-0.121-0-0.186 0-70.366 56.85-127.453 127.126-127.837l0.037-0h1024.307c70.677 0.070 127.953 57.346 128.023 128.016l0 0.007v768.015c-0.070 70.677-57.346 127.953-128.016 128.023l-0.007 0zM152.742 143.765c-18.916 0.054-35.66 9.303-46.004 23.51l-0.113 0.163c-6.797 9.189-10.879 20.745-10.879 33.254 0 3.328 0.289 6.588 0.843 9.758l-0.049-0.337c2.394 15.323 10.782 28.332 22.643 36.779l0.17 0.115 475.444 344.346c9.080 6.687 20.487 10.702 32.831 10.702 0.196 0 0.392-0.001 0.588-0.003l-0.030 0c0.112 0.001 0.244 0.001 0.376 0.001 12.047 0 23.229-3.701 32.472-10.029l-0.197 0.127 498.872-344.346c12.283-8.352 20.978-21.195 23.744-36.119l0.053-0.345c0.672-3.247 1.057-6.978 1.057-10.798 0-12.090-3.851-23.281-10.394-32.413l0.114 0.168c-10.294-14.934-27.304-24.598-46.572-24.598-0.143 0-0.286 0.001-0.429 0.002l0.022-0c-12.164 0.12-23.416 3.919-32.726 10.336l0.197-0.129-465.728 321.164-442.731-320.365c-9.296-6.815-20.953-10.915-33.567-10.945l-0.007-0z" fill="rgb(255, 255, 255)"></path></svg></div><a href="mailto:info@novactech.com">info@novactech.com</a></div><div class="Footer_addressnumber__I3WkP"><div class="Footer_top_icon__YkRY4"><svg viewBox="0 0 1024 1024" style="display:inline-block;stroke:currentColor;fill:currentColor;width:20px;height:20px"><path d="M994.737 723.602l-223.971-96.002c-5.551-2.429-12.020-3.843-18.819-3.843-14.964 0-28.328 6.847-37.131 17.579l-0.067 0.084-99.198 121.182c-156.313-74.891-279.48-198.074-352.424-349.949l-1.926-4.45 121.182-99.149c10.827-8.852 17.684-22.21 17.684-37.168 0-6.811-1.422-13.291-3.984-19.157l0.12 0.308-96.198-224.020c-7.65-17.186-24.577-28.951-44.252-28.951-3.734 0-7.37 0.424-10.861 1.226l0.325-0.063-208.036 47.952c-21.461 5.091-37.181 24.092-37.181 46.765 0 0.019 0 0.039 0 0.058l-0-0.003c-0 0.029-0 0.064-0 0.098 0 512.465 415.435 927.9 927.9 927.9 0.034 0 0.068-0 0.102-0l-0.004 0c0.016 0 0.036 0 0.055 0 22.673 0 41.674-15.72 46.7-36.855l0.065-0.326 48.001-207.987c0.747-3.192 1.175-6.858 1.175-10.623 0-19.826-11.874-36.879-28.899-44.435l-0.31-0.123z" fill="rgb(255, 255, 255)"></path></svg></div><a href="tel: 044 4291 3000"> 044 4291 3000</a></div></div></div></div></div></div></div><div class=" Footer_social_links__0pr09"><ul class="pt-5 pb-4 py-xl-0 justify-content-center undefined"><li class=""><a aria-label="linkedin" target="_blank" href="https://in.linkedin.com/company/novactech"> <svg viewBox="0 0 1024 1024" style="display:inline-block;stroke:currentColor;fill:currentColor;width:20px;height:20px"><path d="M229.23 1024h-212.393v-683.649h212.393zM122.991 247.077c-0.175 0.001-0.381 0.001-0.588 0.001-68.205 0-123.496-55.291-123.496-123.496s55.291-123.496 123.496-123.496c67.997 0 123.159 54.955 123.495 122.874l0 0.032c0 0.026 0 0.058 0 0.089 0 68.099-54.895 123.377-122.848 123.996l-0.059 0zM1023.747 1024h-211.804v-332.775c0-79.3-1.599-180.993-110.364-180.993-110.364 0-127.284 86.203-127.284 175.269v338.499h-212.309v-683.649h203.807v93.275h2.946c39.423-66.578 110.881-110.52 192.603-110.52 2.934 0 5.854 0.057 8.76 0.169l-0.418-0.013c214.835 0 254.316 141.511 254.316 325.282v375.54z" fill="rgb(255, 255, 255)"></path></svg> </a> </li><li class=""><a aria-label="linkedin" target="_blank" href="https://www.facebook.com/NovacTechnology"> <svg viewBox="0 0 551 1024" style="display:inline-block;stroke:currentColor;fill:currentColor;width:20px;height:20px"><path d="M0 549.839v-195.45h157.767v-98.428c-0.041-1.719-0.065-3.744-0.065-5.774 0-67.879 26.286-129.619 69.235-175.596l-0.137 0.148c40.479-45.93 99.438-74.752 165.13-74.752 0.82 0 1.639 0.004 2.456 0.013l-0.125-0.001h156.36v195.45h-156.36c-11.756 0.736-21.841 7.259-27.51 16.73l-0.087 0.157c-7.702 10.941-12.31 24.544-12.31 39.223 0 0.778 0.013 1.553 0.039 2.325l-0.003-0.112v100.539h196.231v195.45h-196.31v474.395h-196.622v-474.317z" fill="rgb(255, 255, 255)"></path></svg> </a> </li><li class=""><a aria-label="linkedin" target="_blank" href="https://twitter.com/NovacTechnology"> <svg viewBox="0 0 1024 1024" style="display:inline-block;stroke:currentColor;fill:currentColor;width:20px;height:20px"><path d="M7.817 58.267l378.294 505.822-380.678 411.244h85.682l333.29-360.058 269.279 360.058h291.56l-399.587-534.267 354.339-382.799h-85.688l-306.93 331.597-248.003-331.597h-291.559zM133.817 121.39h133.941l591.474 790.837h-133.946l-591.469-790.837z" fill="rgb(255, 255, 255)"></path></svg> </a> </li></ul></div></div></div></div><div class="Footer_credit___1ZaG"><div class="row"><div class="col-xl-7 text-center text-xl-start d-flex flex-column-reverse flex-xl-row"><p>©<!-- -->2025<a href="/"> Novac Technology Solutions. </a> <span class="Footer_all_right_reserved__DaObL">All rights reserved.<!-- --> </span></p><p class="Footer_termcond__ujyDi"><a href="/privacy-policy">Privacy Policy</a></p><p class="Footer_termcond__ujyDi"><a href="/disclaimer">Disclaimer</a></p></div><div class="col-xl-5 "></div></div></div></div></footer></div><script id="__NEXT_DATA__" type="application/json">{"props":{"pageProps":{"data":{"data":{"action_name":"nt_insurance-software-solutions","product_page":"Insurtech","seo":{"id":20,"metaTitle":"Insurance Software Solutions and Platform | STATIM®","metaDescription":"Statim®, a cloud-powered Insurance Software Solutions for General and Life Insurance solution is designed to remove complexities for insurance businesses","metaDistribution":"global","metaCity":"Chennai","metaGeoRegion":"IN","metaState":"Tamil Nadu","metaKeyPhrases":"Insurance Software Solutions, Insurance Platform","metaClassification":"Insurance Software Solutions, Insurance Platform","metaTopic":"Insurance Software Solutions, Insurance Platform","metaSubject":"Insurance Software Solutions, Insurance Platform","metaPublisher":"www.novactech.com","metaAuthor":"www.novactech.com","metaCopyright":"www.novactech.com","metaRating":"General","metaAudience":"All","metaResourceType":"Web Page","metaDocType":"Web Page","metaDocClass":"Published","metaDocRights":"Public Domain","metaEmail":"info@novactech.com","metaOgLocale":"en_US","metaOgType":"WebPage","metaOgTitle":"Insurance Software Solutions and Platform | STATIM®","metaOgDescription":"Statim®, a cloud-powered Insurance Software Solutions for General and Life Insurance solution is designed to remove complexities for insurance businesses","metaOgUrl":"https://www.novactech.com/insurance-software-solutions","metaOgSiteName":"NovacTech","metaOgImage":{"url":"https://cdn.novactech.com/about_sec1_4b2bbb9adf.png","alternativeText":null,"width":1249,"height":832},"metaTwitterCard":"summary","metaTwitterDescription":"Statim®, a cloud-powered Insurance Software Solutions for General and Life Insurance solution is designed to remove complexities for insurance businesses","metaTwitterTitle":"Insurance Software Solutions and Platform | STATIM®","metaTwitterCreator":"@NovacTechnology","metaTwitterSite":"@NovacTechnology","keywords":"Insurance Software Solutions, Insurance Platform","metaRobots":"all, index, follow","structuredData":null,"metaViewport":"width=device-width","canonicalURL":"https://www.novactech.com/insurance-software-solutions","metaContentLanguage":"en-gb","articleSection":null,"fbPageid":null,"metaImage":{"url":{"url":"https://cdn.novactech.com/about_sec1_4b2bbb9adf.png","alternativeText":null,"width":1249,"height":832},"alternativeText":null},"metaSocial":[],"schema":null,"metaOgImageType":null,"metaTwitterDomain":null,"metaMobileOptimized":null,"metaHandheldFriendly":null,"metaGoogleBot":null,"metaBingBot":null,"metaTags":null,"metaBlurb":null},"widgets":[{"slug":"InnerCommonBanner","data":{"type":"insurtech","footer_color":"#0F0C00","category":"solution","page":null,"image_desktop":{"url":"https://cdn.novactech.com/banner1_1_87c87b0300.webp","alternativeText":null,"width":3840,"height":1362},"image_mobile":{"url":"https://cdn.novactech.com/mobile_banner1_1_78c17f354b.webp","alternativeText":null,"width":750,"height":1010},"subtitle":null,"heading":"Embrace \u003cspan\u003e Digital Transformation \u003c/span\u003e in \u003cbr\u003eInsurance Landscape for Competitive Edge","text":"Make informed decisions, speed up the development, improve sales, streamline policy issuance and claim processing","links":{"text":"Request a Demo","url":"book-a-demo"},"tb_banner_button":{}}},{"slug":"FintechAbout","data":{"breadcrumbs":[{"title":"Home","url":"/"},{"title":"Solutions","url":null},{"title":"InsurTech","url":"insurtech"}],"type":"insurtech","image":{"url":"https://cdn.novactech.com/about_sec1_37fed53656.webp","alternativeText":null,"width":1249,"height":832},"title":"Ensure business continuity and adaptability in the face of changing customer expectations in \u003cspan\u003e InsurTech \u003c/span\u003e","description":"\u003ch3\u003eTechnology is changing the dynamics of policy pricing, underwriting, claims management, risk analysis, reinsurance,\u003cspan style=\"background-color:rgb(255,255,255);color:rgb(0,0,0);font-family:Arial;font-size:13px;\"\u003e \u003c/span\u003eand customer service. Hence, the insurance industry is not immune to digital disruption. There is a need for businesses to adapt accordingly to remain competitive in a rapidly evolving market.\u003c/h3\u003e\u003cp\u003eNovac can help you to stay ahead of the curve by acting as your digital transformation partner. We work with you to enhance fraud detection, increase accuracy in claim settlement, and comply with industry regulations.\u003c/p\u003e","links":{"title":"Know More","url":"insurance-management-software"}}},{"slug":"FintechTransformation","data":{"type":"insuretech","title":"Unlocking new revenue streams and business models through \u003cspan\u003e digital innovation \u003c/span\u003e","subtitle":null,"cards":[{"title":"Better Customer Experience","text":"Insurers giving priority to digital transformation will offer personalized services. This facilitates faster claim settlement, higher policyholder retention (procuring of insurance plans), and quicker resolution of policy-related queries. ","image":{"url":"https://cdn.novactech.com/insurtech_digital1_1db9a75644.svg","alternativeText":null,"width":130,"height":130}},{"title":"Data-Driven Decision Making","text":"Insurance companies can make informed decisions based on the needs and preferences of customers. Data analytics will be handy while conducting background checks and for dealing with fraudulent claims.","image":{"url":"https://cdn.novactech.com/insurtech_digital2_dbd9feb5de.svg","alternativeText":null,"width":130,"height":130}},{"title":"Improved Risk Management","text":"Insurers can assess risks in an analytical manner and take steps to mitigate them. Eventually, a higher level of accuracy in risk assessment will help in reducing liability costs.\n","image":{"url":"https://cdn.novactech.com/insurtech_digital3_5d9b38f7d8.svg","alternativeText":null,"width":130,"height":130}},{"title":"Enhanced Agility","text":"Automation of insurance processes results in improved operational agility. Thus, insurers can adapt to changing global market conditions and customer expectations. ","image":{"url":"https://cdn.novactech.com/insurtech_digital4_886b2e878e.svg","alternativeText":null,"width":130,"height":130}}]}},{"slug":"InsuranceBusiness","data":{"title":"Comprehensive insurance software solutions for end-to-end \u003cspan\u003e digital transformation \u003c/span\u003e","description":"\u003cp\u003eTo keep insurers on top of their game, we offer insurtech solutions that are accessible, flexible, secure, and easily integrable.\u003c/p\u003e","link":{"title":"Know More","url":"insurance-management-software"},"image":"","type":"insurtech","products":[[{"title":"STATIM® - General Insurance","url":"general-insurance-software-solutions","image":{"url":"https://cdn.novactech.com/fin_digital1_gi_44a9f710ed.svg","alternativeText":null,"width":33,"height":40},"active":true}],[{"title":"STATIM® - Life Insurance","url":"life-insurance-software-solutions","image":{"url":"https://cdn.novactech.com/fin_digital3_li_92f6618ac7.svg","alternativeText":null,"width":40,"height":40},"active":null}]]}},{"slug":"SolutionAccordian","data":{"type":"insurtech","theme":"light","gradient":true,"rowverse":true,"title":"\u003cspan\u003eStatim® \u003c/span\u003e - \u003cbr\u003eA General and Life Insurance Platform","description":"\u003cp\u003eSTATIM®, a cloud-powered Life and General Insurance solution is designed to remove complexities for insurance businesses. As a next-gen platform, Statim LI and Statim GI take care of all aspects like sales and distribution, policy administration, claims settlement, and billing management. It perfectly suits the requirements of insurers, agents, brokers, and web aggregators.\u003c/p\u003e","image":{"url":"https://cdn.novactech.com/insurtech_img_29e204bf4b.webp","alternativeText":null,"width":1090,"height":1300},"accordion":[{"text":"Digital Claims Processing","description":"\u003cp\u003eAs insurers shift from legacy systems, technology has facilitated straight-through processing of claims. This brings several benefits like automatic processing of payments, reduced chances of fraud, enhanced customer experience, and reduction in the cost of claims.\u003c/p\u003e"},{"text":"Data Analytics","description":"\u003cp\u003eInsurance companies leverage data analytics for accessing Human Life Value (HLV). They can collect demographic data, health records, and lifestyle information to determine an individual’s risk profile. This data-driven approach enables them to set appropriate premiums and issue tailor-made policy offerings.\u003c/p\u003e"},{"text":"Customer Retention","description":"\u003cp\u003eInsurers can enhance customer retention by using self-service portals for policy management, integrating chatbots for quick support, and automating service processes using CRM. This will foster customer loyalty and increase satisfaction.\u003c/p\u003e"},{"text":"Decentralized Insurance","description":"\u003cp\u003ePowered by blockchain technology and smart contracts, Decentralized Insurance will restore the transparency and trust in the insurance industry. DeFi Insurance is characterized by aspects like hedging of price risk, discretionary mutual coverage, parametric insurance, and on-demand risk management.\u003c/p\u003e"},{"text":"Usage-Based Insurance","description":"\u003cp\u003eAs an alternative to fixed premiums, Usage-Based Insurance (UBI) charges premiums based on actual usage/ behaviour. Telematics collect data about customers and monitor their behaviour and habits. This data will determine the calculation of insurance premiums. Usage-Based Insurance offers advantages like accurate assessment of claims, better understanding of risk profiles, reduced chances of fraud, and precise estimation of damages.\u003c/p\u003e"}]}},{"slug":"InsuranceOperations","data":{"title":"Revolutionize the Future of Insurance Operations","description":"Insurance companies can embrace the metaverse and enhance customer engagement. It also makes the underwriting process more accurate, speeds up claim settlement, and aids in fraud detection\n\n","cards":[{"title":"Claims Management","text":"Insurers can utilize metaverse headsets for conducting asset assessment. They can verify submitted claims by overlaying new damage information over pre-damage images."},{"title":"Virtual Underwriting","text":"Underwriters can evaluate assets without on-site inspection. Extended Reality (XR) helps in simulating and recreating real-life scenarios. Accordingly, claim adjusters will estimate the damages to assets."},{"title":"Fraud Prevention","text":"In the metaverse, smart contracts store all information related to policyholders. Operating immutably, it detects fraudulent claims and payout of claims are made only when predefined conditions are met. Insurers in the metaverse will benefit from higher trust, greater transparency, and lower litigation costs."}]}},{"slug":"LetsTalk","data":{"type":"insurtech","title":"Lets Talk!","text":"Bring in the change to your Insurance business with STATIM®","page":null}},{"slug":"ZivaBeliefInAction","data":{"title":"Insights Hub","type":"insurtech","theme":"dark","category":"solutions","page":null,"links":{"text":"View All","url":"blog"},"cards":[{"title":"Loan Origination Systems - A Complete Guide","subtitle":"Loan Origination Systems - A Complete Guide","date":"Dec/11/2024","url":"blog/loan-origination-systems-complete-guide","category":"FinTech","image":{"url":"https://cdn.novactech.com/Loan_819_x_435_8a7d9b96fd.webp","alternativeText":null,"width":819,"height":435}},{"title":"Loan Servicing Simplified - A Complete Guide","subtitle":"Loan Servicing Simplified - A Complete Guide","date":"Jan/28/2025","url":"blog/loan-servicing-complete-guide","category":"FinTech","image":{"url":"https://cdn.novactech.com/loan_servicing_complete_guide_banner_0e31eaad9f.webp","alternativeText":null,"width":819,"height":435}},{"title":"A Year in Innovation: AR, VR and MR’s Evolution in 2024 and a Bright Outlook for 2025","subtitle":"A Year in Innovation: AR, VR and MR’s Evolution in 2024 and a Bright Outlook for 2025","date":"Dec/31/2024","url":"blog/ar-vr-trends-2025","category":"ImmersiveTech ","image":{"url":"https://cdn.novactech.com/ar_vr_trends_2025_banner_bd66f03bd9.webp","alternativeText":"ar-vr-trends-2025-banner","width":819,"height":435}},{"title":"Understanding the Key Differences Between Loan Origination System vs. Loan Management System","subtitle":"Understanding the Key Differences Between Loan Origination System vs. Loan Management System","date":"Dec/31/2024","url":"blog/loan-origination-system-vs-loan-management-system","category":"FinTech","image":{"url":"https://cdn.novactech.com/loan_origination_system_vs_loan_management_system_banner_16a4e53bb2.webp","alternativeText":null,"width":819,"height":435}},{"title":"The Ultimate Guide To Choosing The Right eLearning Content Development Company","subtitle":"The Ultimate Guide To Choosing The Right eLearning Content Development Company","date":"Jan/27/2025","url":"blog/guide-to-choose-elearning-content-development-company","category":"E-Learning","image":{"url":"https://cdn.novactech.com/guide_to_choose_elearning_content_development_company_banner_522b0316f7.webp","alternativeText":null,"width":819,"height":435}},{"title":"5 Ways Immersive Tech Solves Training Challenges in Manufacturing Industry ","subtitle":"5 Ways Immersive Tech Solves Training Challenges in Manufacturing Industry","date":"Feb/27/2025","url":"blog/immersive-tech-solves-manufacturing-training-challenges","category":"ImmersiveTech ","image":{"url":"https://cdn.novactech.com/immersive_tech_solves_manufacturing_training_challenges_banner_e327a61fe0.jpg","alternativeText":null,"width":819,"height":435}},{"title":"How eLearning Can Help HR / L\u0026D in Healthcare Meet Unique Training Demands","subtitle":"How eLearning Can Help HR / L\u0026D in Healthcare Meet Unique Training Demands","date":"Feb/28/2025","url":"blog/elearning-for-healthcare-training","category":"E-Learning","image":{"url":"https://cdn.novactech.com/elearning_for_healthcare_training_banner_0971d288e5.jpg","alternativeText":null,"width":819,"height":435}},{"title":"How an LMS Ensures High ROI on Training Investments","subtitle":"How an LMS Ensures High ROI on Training Investments","date":"Jan/27/2025","url":"blog/how-lms-ensures-high-roi-on-training-investments","category":"E-Learning","image":{"url":"https://cdn.novactech.com/how_lms_ensures_high_roi_on_training_investments_banner_c0ecfe082b.webp","alternativeText":null,"width":819,"height":435}},{"title":"Top Digital Lending Trends to Watch in 2025","subtitle":"Top Digital Lending Trends to Watch in 2025","date":"Feb/20/2025","url":"blog/digital-lending-trends-2025","category":"FinTech","image":{"url":"https://cdn.novactech.com/digital_lending_trends_2025_banner_4709a0d7d5.jpg","alternativeText":null,"width":819,"height":435}},{"title":"5 Effective Ways A LMS Platform Can Help Streamline The Employee Onboarding Process","subtitle":"5 Effective Ways A LMS Platform Can Help Streamline The Employee Onboarding Process","date":"Dec/17/2024","url":"blog/5-effective-ways-lms-platform-streamline-employee-onboarding-process","category":"E-Learning","image":{"url":"https://cdn.novactech.com/5_effective_ways_lms_platform_streamline_employee_onboarding_process_3a27214a5f.webp","alternativeText":null,"width":819,"height":435}},{"title":"MIGOTO AI™ Training Simulator: Redefining Soft Skill Development for Better Learning and Training","subtitle":"MIGOTO AI™ Training Simulator: Redefining Soft Skill Development for Better Learning and Training","date":"Feb/28/2025","url":"blog/migoto-ai-training-simulator-for-soft-skill-development","category":"ImmersiveTech ","image":{"url":"https://cdn.novactech.com/migoto_ai_training_simulator_for_soft_skill_development_new_banner_206e8d3b42.jpg","alternativeText":null,"width":819,"height":435}},{"title":"Indian Oil Corporation Limited Partners with Novac Technology Solutions to Drive Its Strategic Learning Initiatives","subtitle":"Indian Oil Corporation Limited Partners with Novac Technology Solutions to Drive Its Strategic Learning Initiatives","date":"Mar/07/2025","url":"blog/indian-oil-corporation-limited-partners-with-novac-technology-solutions","category":"Corporate","image":{"url":"https://cdn.novactech.com/indian_oil_corporation_partners_with_novac_technology_solutions_banner_93b72b2f2e.jpg","alternativeText":null,"width":819,"height":435}},{"title":"Custom eLearning vs. Off-The-Shelf eLearning - Choosing the Right Fit for Your Organization","subtitle":"Custom eLearning vs. Off-The-Shelf eLearning - Choosing the Right Fit for Your Organization","date":"Jan/16/2025","url":"blog/custom-elearning-vs-off-the-shelf-elearning","category":"E-Learning","image":{"url":"https://cdn.novactech.com/custom_elearning_vs_off_the_shelf_elearning_banner_9765036c88.webp","alternativeText":null,"width":819,"height":435}},{"title":"The Future of Healthcare Workforce Training: Key Trends to Watch","subtitle":"The Future of Healthcare Workforce Training: Key Trends to Watch","date":"Mar/13/2025","url":"blog/future-trends-in-healthcare-workforce-training","category":"E-Learning","image":{"url":"https://cdn.novactech.com/future_trends_in_healthcare_workforce_training_banner_591eecf48b.jpg","alternativeText":null,"width":819,"height":435}},{"title":"Get The Importance of Custom eLearning Content Development Services - Beyond One-Size-Fits-All Solutions","subtitle":"Get The Importance of Custom eLearning Content Development Services - Beyond One-Size-Fits-All Solutions","date":"Dec/23/2024","url":"blog/importance-of-custom-elearning-content-development-services","category":"E-Learning","image":{"url":"https://cdn.novactech.com/importance_of_custom_elearning_content_development_services_banner_3b199e5553.webp","alternativeText":null,"width":819,"height":435}},{"title":"Gamified Learning - Why It Works For Corporate Training","subtitle":"Gamified Learning - Why It Works For Corporate Training","date":"Mar/18/2025","url":"blog/why-gamified-learning-works-for-corporate-training","category":"E-Learning","image":{"url":"https://cdn.novactech.com/why_gamified_learning_works_for_corporate_training_og_30cc84bcf7.jpg","alternativeText":null,"width":1200,"height":628}},{"title":"How eLearning Improves Workforce Efficiency in the Manufacturing Industry","subtitle":"How eLearning Improves Workforce Efficiency in the Manufacturing Industry","date":"Mar/27/2025","url":"blog/how-elearning-improves-workforce-efficiency-in-manufacturing-industry","category":"E-Learning","image":{"url":"https://cdn.novactech.com/how_elearning_improves_workforce_efficiency_in_manufacturing_industry_banner_4c7ea63ae2.png","alternativeText":null,"width":819,"height":435}},{"title":"Beyond the Office: How AXLE LMS® Enhances Corporate Training for Remote Employees","subtitle":"Beyond the Office: How AXLE LMS® Enhances Corporate Training for Remote Employees","date":"Mar/27/2025","url":"blog/how-axle-lms-enhances-corporate-training-for-remote-employees","category":"E-Learning","image":{"url":"https://cdn.novactech.com/how_axle_lms_enhances_corporate_training_for_remote_employees_banner_5c214f8041.jpg","alternativeText":null,"width":819,"height":435}}]}}]},"menu":{"data":{"header":{"nav":[{"title":"Home","url":"/","submenu":false,"menu_title":null,"menu_text":null,"sub_menu":[]},{"title":"Solutions","url":null,"submenu":true,"menu_title":"Solutions","menu_text":"Crafting tailored, tech-driven excellence for diverse business landscapes.","sub_menu":[{"title":"FinTech","text":"A cutting-edge lending platform customised for diverse lenders.","icon":{"url":"https://cdn.novactech.com/menu_solutionicon1_d997e0f546.svg","alternativeText":null,"width":22,"height":22},"url":"digital-lending-platform"},{"title":"InsurTech","text":"Revolutionising insurance through tech-driven solutions.","icon":{"url":"https://cdn.novactech.com/menu_solutionicon2_17e748d8ac.svg","alternativeText":null,"width":22,"height":22},"url":"insurance-software-solutions"},{"title":"Digital Learning","text":"Learn how we recognize your team’s capabilities in creating motivating, engaging training contents.","icon":{"url":"https://cdn.novactech.com/menu_solutionicon4_c5bfc0cd22.svg","alternativeText":null,"width":22,"height":22},"url":"elearning-solutions"},{"title":"ImmersiveTech","text":"Elevate experiences with immersive technology that redefines engagement and interaction.","icon":{"url":"https://cdn.novactech.com/menu_solutionicon5_d91815ec5c.svg","alternativeText":null,"width":22,"height":22},"url":"metaverse-development-company"}]},{"title":"Platforms","url":null,"submenu":true,"menu_title":"Platforms","menu_text":"Empowering diverse sectors through innovative technology and tailored enterprise solutions.","sub_menu":[{"title":"ZIVA®","text":"Gain efficiency and speed time to value with high-fit, best-practice lending solution.","icon":{"url":"https://cdn.novactech.com/menu_solutionicon1_d997e0f546.svg","alternativeText":null,"width":22,"height":22},"url":"loan-management-system"},{"title":"STATIM®","text":"Transform and modernise your insurance business step by step, starting wherever you are.","icon":{"url":"https://cdn.novactech.com/menu_solutionicon33_e1ce8da152.svg","alternativeText":null,"width":22,"height":22},"url":"insurance-management-software"},{"title":"AXLE™","text":"We deliver personalized learning experiences for your team to drive business success.","icon":{"url":"https://cdn.novactech.com/menu_solutionicon4_c5bfc0cd22.svg","alternativeText":null,"width":22,"height":22},"url":"learning-management-system"}]},{"title":"Discover Us","url":null,"submenu":true,"menu_title":"Discover us","menu_text":"Discover our presence and experience innovation firsthand.","sub_menu":[{"title":"About us","url":"about-us","description":"We are looking forward to the future and to every challenge where we can grow further."},{"title":"Locate us","url":"locate","description":"Connect and Visit: Addresses, contact information, and expert teams at your fingertips"},{"title":"Leadership","url":"leadership","description":"A strong leadership at the helm will result in successful beginnings and future."},{"title":"In the News","url":"news","description":"Stay informed with the latest trends, technologies and updates from around the world"},{"title":"Join Us","url":"careers","description":"It doesn't matter who brings the idea home, it's that we create something better!"}]},{"title":"Resources","url":null,"submenu":true,"menu_title":"Resources","menu_text":"It doesn't matter who brings the idea home, it's that we create something better! ","sub_menu":[{"title":"Blogs","url":"blog","description":"Explore What We Think"},{"title":"Brochures","url":"brochure","description":"Know more about our products and services"},{"title":"Media Kit","url":"media-kit","description":"Access a comprehensive media kit of our journey, high-resolution visuals, press releases, and more ."},{"title":"Techbrewers","url":"techbrewers","description":"Brew the perfect idea"}]}],"header_icon":{"url":"https://cdn.novactech.com/logo_2_7921b9fe95.svg"},"get_in_touch":{"text":"Get in Touch","description":"Wish to know more about our Products/Services. Give us a call to schedule a demo.","icon":{"url":"https://cdn.novactech.com/circle_discover1_4098eb7066.svg","alternativeText":null,"width":159,"height":156},"number":" 044 4291 3000"},"demo_btn":{"title":"Book a Demo","url":"book-a-demo"}},"footer":{"menu":[{"title":"Solutions","content":[{"title":"FinTech","url":"digital-lending-platform"},{"title":"InsurTech","url":"insurance-software-solutions"},{"title":"Digital Learning","url":"elearning-solutions"},{"title":"ImmersiveTech","url":"metaverse-development-company"}]},{"title":"Platforms","content":[{"title":"ZIVA","url":"loan-management-system"},{"title":"STATIM","url":"insurance-management-software"},{"title":"AXLE","url":"learning-management-system"}]},{"title":"Discover Us","content":[{"title":"About Us","url":"about-us"},{"title":"Leadership","url":"leadership"},{"title":"Join us","url":"careers"},{"title":"Locate Us","url":"locate"},{"title":"News","url":"news"}]},{"title":"Resources","content":[{"title":"Blogs","url":"blog"},{"title":"Brochures","url":"brochure"},{"title":"Media Kit","url":"media-kit"},{"title":"Techbrewers","url":"techbrewers"}]}],"contact":{"address":"“The Pavilion”, New # 10,13 \u0026 100, Abiramapuram\n4th Street, TTK Road, \nAlwarpet, Chennai, Tamil Nadu - 600018.","email":"info@novactech.com","phone":" 044 4291 3000"},"logo":{"image":{"url":"https://cdn.novactech.com/footer_logo_4b90a86b12.svg","alternativeText":null,"width":266,"height":64},"url":"/"},"terms_and_condition":{"title":"Privacy Policy","url":"privacy-policy"},"social":[{"title":"linkedin-icon","url":"https://in.linkedin.com/company/novactech"},{"title":"facebook-icon","url":"https://www.facebook.com/NovacTechnology"},{"title":"twitter-newicon","url":"https://twitter.com/NovacTechnology"}],"disclaimer_btn":{"title":"Disclaimer","url":"disclaimer"}}}}}},"__N_SSG":true},"page":"/[...slug]","query":{"slug":["insurance-software-solutions"]},"buildId":"57zPoeJ_-ZGQ6ig6IW1qe","isFallback":false,"isExperimentalCompile":false,"gsp":true,"scriptLoader":[]}</script></body></html>