Policy Administration

Engineer the Core of Your Insurance Operations

Legacy Core Systems Stifle Innovation and Growth

Outdated monolithic architecture makes it impossible to launch new products quickly or integrate modern APIs. As a leading insurance software development company, we engineer cloud-native Policy Administration Systems (PAS) that centralize your data, automate workflows, and ensure strict OSFI compliance.
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Trusted by Guard Me, Edge Benefits, & Leading Enterprises

Rated 5 out of 5
10
Years

Proven Track Record

98
%

Customer Satisfaction

1,500
Projects

Completed

70
Members

and growing.

What Our Enterprise Clients Say

Sarmad Ibrahim, AI Innovation Manager at IBM
Sarmad Ibrahim

AI Innovation Manager, IBM

IBM logo in white
247 Labs and their team were highly effective in their work, it is rare to find speed, detail and perfection, they have all three. Our team had an explosive idea, 247 Labs helped us get it off the ground.

What Our Enterprise Clients Say

Sarmad Ibrahim, AI Innovation Manager at IBM
Sarmad Ibrahim

AI Innovation Manager, IBM

247 Labs and their team were highly effective in their work, it is rare to find speed, detail and perfection, they have all three. Our team had an explosive idea, 247 Labs helped us get it off the ground.
Insurance Success Stories

HUB International – Streamlined Project Management for Efficiency

There was a partially built internal tool created by Hub International that we built on top of. Working from their repos and servers, we collaborated with their dev team to implement a user management system for their current and future Brokers at Hub International.

30%

Reduction in project management time

40%

improvement in collaboration efficiency

25%

increase in on-time delivery rates
Insurance Success Stories
HUB International – Streamlined Project Management for Efficiency

There was a partially built internal tool created by Hub International that we built on top of. Working from their repos and servers, we collaborated with their dev team to implement a user management system for their current and future Brokers at Hub International.

30%

Reduction in project management time

40%

improvement in collaboration efficiency

25%

increase in on-time delivery rates
Our Approach

Our Proven Insurance Policy Development Process

01

Discovery and Legacy System Analysis

We analyze your existing core insurance systems and define the precise technical requirements for modernization, data migration, or new platform development.

02

Secure Architecture and Data Modeling

Our architects design highly scalable, cloud-native data models that support complex multi-line policies while maintaining strict security protocols.

03

Agile Development and API Integration

Our engineers build your platform using microservices, ensuring seamless integration with existing claims management, CRM, and billing software.

04

Rigorous Security and Penetration Testing

We conduct extensive automated testing, ethical hacking, and rigorous security audits to ensure your insurance software is impenetrable.

05

Deployment and Compliance Auditing

We handle the entire deployment process, ensuring all systems meet stringent Canadian (OSFI) and international compliance standards before going live.

06

Continuous 24/7 DevOps Support

Post-launch, our dedicated DevOps team provides continuous 24/7 support, proactive threat monitoring, and regular security updates to guarantee maximum uptime.
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Work with a diverse team of senior software engineers and insurance technology consultants

Ready to Modernize Your Core Insurance Systems?

Partner with a leading insurance software development company to build secure, scalable technology that drives digital transformation.

A Word From Our Chief Executive Director

When companies come to 247 Labs, they are rarely just looking for a service. They are looking for clarity, momentum, and a partner who understands what is actually at stake. 

Every service we offer is built around one principle: technology should move your business forward in measurable ways. Faster decisions. Lower operational friction. Better customer experiences. Stronger ROI.

Azwar Khalid, technology leader showcasing an integrated digital ecosystem spanning AI, security, and enterprise innovation.

Azwar Khalid

CEO, 247 Labs Inc.

Your questions answered

Common questions

Custom policy administration software development involves engineering the core backend system (PAS) that an insurer uses to manage the entire lifecycle of a policy—including quoting, issuance, endorsements, renewals, and billing—tailored specifically to their unique product lines.
While Guidewire and Majesco are powerful, they are extremely expensive, take years to implement, and force you into standardized workflows. A custom insurance software development company builds a proprietary, cloud-native platform that you fully own, allowing for unique feature sets, faster time-to-market for new products, and seamless integration with your specific legacy systems.
Yes. Regulatory adherence is built into our architecture. We develop platforms that automate compliance reporting, maintain immutable audit trails, and ensure rigorous data security to meet the strict requirements of the Office of the Superintendent of Financial Institutions (OSFI) in Canada.
Security is our top priority. As an ISO 27001 certified firm, we implement military-grade encryption, multi-factor authentication (MFA), strict role-based access controls, and conduct rigorous penetration testing to ensure your insurance software is protected against all cyber threats.
Absolutely. We specialize in legacy system modernization and complex integrations. We use secure APIs and middleware to connect your new cloud-native policy administration software seamlessly with your existing claims, billing, and CRM infrastructure, ensuring real-time data synchronization without disrupting current operations.
Contact us

Let’s build something
great together.

We’re happy to answer any questions you may have and help you determine which of our services best fits your needs.

Call us at 1-877-247-7421 or email hello@247labs.com

Your Benefits:

What happens next?​

1

We schedule a call at your convenience 

2

We do a discovery and consulting meeting 

3

We prepare a proposal 

Office Locations:

Schedule A Free Consultation

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