From Outdated Paper Trails to an Incredible Mobile App

Our client for this mobile app development project is an old-timer in the Indian insurance industry. With over 70 insurance solutions catering to individuals and businesses, our client specializes in safeguarding personal and commercial interests. However, this client relied excessively on physical records to manage customer information, resulting in errors and outdated information. Recognizing the need for a digital transformation, our client approached Silwatech with a clear vision. They wanted an app that would not only eliminate manual work but also mirror the familiar interface and features of Microsoft Excel. This case study will delve into how we brought this vision to life.

Key Challenges

Formula Replication & Cross-Device Compatibility

The first challenge was translating the code and formulas from Excel to the mobile app’s code. Even the slightest mistake can lead to incorrect premium calculations. Also, the calculations had to be the same across all platforms and devices.

 

Compatibility Issues

Integrating new functionality with the existing Cordova-based app can backfire without careful planning and execution. The app must function smoothly to deliver optimal performance during user interactions and premium calculations.

 

Clean User Interface

Ensuring a clean and user-friendly interface was crucial to facilitate easy navigation and calculations. Furthermore, the premium information and other details had to appear clearly on the mobile screen to facilitate comparisons.

Our Solutions

Replicates Excel Sheet Calculations

Silwatech developed a new app from scratch that incorporated the logic used in Excel sheet formulas, ensuring accurate and uniform results during premium calculations for each plan.

 

iOS and Android Compatibility

The new app will work seamlessly with Android and iOS devices, ensuring excellent compatibility. Crossplatform development platforms have tools and libraries for device-specific functionalities while providing a single codebase for premium calculations.

 

Clean User-Interface

The mobile app needed a clean and user-friendly interface to facilitate coherent data input and viewing of premium calculations. We designed an app with an intuitive UI using elements familiar to mobile users, including interactive forms, clear labels, and structured labels.

Tech Stack

Conclusion

It took us some time to develop a custom mobile application to suit our client’s needs, but the results made it worthwhile. Replicating the calculation logic from the existing Excel sheets to the plan was challenging, but we did it. App users left positive feedback about navigation, premium calculation capabilities, and an enhanced user experience. The insurance quote process is more streamlined than before. We used a Waterfall-Agile hybrid approach, resulting in an innovative app that performs seamlessly across Android and iOS devices.

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Project Overview

IIFL, a leading financial institution in Asia-Pacific, required a solution to help customers track their income, expenses, and investments effectively. Our team developed an AI-powered mobile app that utilizes intelligent technologies like AI and ML to monitor financial transactions, suggest lucrative investment options, and provide insightful financial guidance.

Key Challenges

IIFL, a leading financial institution in Asia-Pacific, required a solution to help customers track their income, expenses, and investments effectively. Our team developed an AI-powered mobile app that utilizes intelligent technologies like AI and ML to monitor financial transactions, suggest lucrative investment options, and provide insightful financial guidance.

Our Solutions

IIFL, a leading financial institution in Asia-Pacific, required a solution to help customers track their income, expenses, and investments effectively. Our team developed an AI-powered mobile app that utilizes intelligent technologies like AI and ML to monitor financial transactions, suggest lucrative investment options, and provide insightful financial guidance.

Tech Stack

Conclusion

In conclusion, SOMPO Insurance has successfully addressed the challenges of providing seamless insurance experiences and supporting both D2C and B2B journeys. Through the development of a comprehensive Customer Web Portal and integration with key services and platforms, SOMPO Insurance has demonstrated its commitment to innovation and customer satisfaction in the insurance industry.

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