Car insurance platform

Business requirements

In recent years, car insurance costs have been on the rise, adding a significant financial burden on policyholders, leading many to seek more affordable options. To address this growing concern, our customer thought of building a digital platform to help policyholders purchase discounted RCA insurances by becoming a shareholder of the company, using their yearly generated vouchers to reduce the cots of their car insurance.

Technical solution

We have built a custom digital solution where customers could easily purchase shares directly on the platform, shares that would generate yearly vouchers, later used in getting discounts up to 60% of the insurance policy cost.

Feature highlights

• secured account creation enabling user onboarding and registration
• payment processor integration to enable online payments
• shares calculation mechanism, providing cost estimation and discount value based on policy value
• compliance and security, securely handling user data

Time to market

We know that time to market, or TTM is crucial for business, gaining a competitive advantage, capturing market share and starting generating revenue quickly.

For this engagement, the first phase of the product has been released in about one and a half months, allowing customer to speed up with the adoption plans.