Lucid UX have 20 years’ experience providing insurance software for London and the UK, creating simple yet powerful websites and applications to solve complex business needs.
We work with many leading names in the field of insurance in London and have testimonials and case studies that showcase our ability to deliver solutions perfectly catered to client demands.
A key benefit of Lucid is that we work with companies throughout every stage of development of their insurance software, starting with discussing the initial concept and also giving clients the benefits of our experience – helping them benefit from the latest technologies that in turn generate more leads while cutting staff costs.
In this page, we will give some details of how we have delivered insurance software for others in London and beyond and some of the benefits they derived from the mutual association.
However, if you simply want to get in touch to discuss your requirements, please use our Contact Form or call us on 0207 8462 631.
Insurance Software London – Scalable Solutions
With all clients, we build scalable systems that increase revenues and cut costs, while also helping to future proof the business. The exact way that is enacted varies.
In one recent example, we tripled a broker’s income while slashing their costs at the same time.
Our automated cloud-based insurance system was customised to link with aggregation via GoCompare and confused.com. Once implemented, the system could decide within seconds if a quote was acceptable based on risk appetite and the best underwriter found. Every day, 2,000 quotes requests were processed, all being sent through a fully online sales pathway.
Operational costs were cut by 77%.
The changes made the acquisition of new business far more profitable, but the benefits were also apparent across the life cycle of a policy – one example being automated cross selling as new products were added.
Another case study with specialist insurers Frank Pickles Insurers led their managing director to state “We have found Lucid UX to be the best software/web company we have used. Our system is evolving all the time. Their team keep us up to date with the latest technologies that can help develop and drive our business forward in this ever competitive world.
Huge Savings from Insurance Software
“Huge salary savings have been achieved, we are processing large volumes of business with less staff.”
As that testimonial references, we work to keep clients up to date on the latest technologies, ensuring they benefit from them and also avoid the risk of falling behind competitors.
The head of client services at the IOMA Group also spoke of the benefits of working in partnership with Lucid, stating “We have worked with Lucid UX on a number of key projects and find they provide a unique, turn key solution when developing a product for market as their services range from the initial artwork and branding through to creating a website, online application processes and CRM system integration.
“Through automating many of the manual processes associated with providing insurance, Lucid has helped us achieve efficiency without compromising client servicing.”
With the IOMA Group we developed an entire ERP system to manage their client services online, working to maximise automation and reduce back office staffing.
Please have a look at our case studies to see in detail how we have worked with companies across sectors to help them introduce efficiencies.
On this site, there is further information on the technologies we use to provide the following range of services within the field of insurance software.
- Web service based risk and / or fixed matrix premium calculators
- IPT (insurance premium tax) change automation
- Aggregator integration such as Go Compare or confused.com
- Automated policy administration;
- New business, mid-term adjustments, claims, cancellations
- Payment gateway integration
- Bordereau outputs and automated underwriter submission
- Comprehensive reporting
- Sales CRM with in and out bound monitoring
- Finance ledger exporting
- Integration & data transfer between Broker, MGA and Underwriter
Insurance Software London – Investing in New Technologies
We are also helping clients benefit from emerging technologies such as robotic process automation. We believe RPA will have reached near universal adoption within five years, making it important companies consider it now else risk being left behind. RPA mimics human workers and so automates a huge range of daily tasks in the workplace – this can lead to reduced staff costs or simply free up staff to work on more nuanced tasks at which humans excel over robots.
With RPA, payback has been reported at less than 12 months, this is another area Lucid can help you implement technology that will reap financial rewards in a matter of months.
On this site there is a wealth of information relating to insurance software in London.
Please have a look around the site and get in touch on 0207 8462 631 or via the contact form so we can discuss how we would develop systems to increase your profit margin.