Underwriting Software

Accelerate Risk Assessment with Custom Underwriting Software

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Manual Underwriting Limits Premium Growth

Relying on spreadsheets and disconnected data sources leads to inconsistent pricing, delayed quotes, and increased loss ratios. We engineer custom automated underwriting software and dynamic risk scoring engines that integrate real-time data feeds, ensuring fast, accurate, and profitable policy issuance.
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Trusted by Edge Benefits, Guard Me, & Leading Insurers

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Why Choose 247 Labs for Underwriting Software?

We bring over 15 years of enterprise engineering excellence, building highly secure, data-intensive insurance platforms that calculate complex risk in real-time.

Proven Dynamic Pricing Algorithms

Our work on the Edge Benefits platform proves our capability to engineer complex, high-volume dynamic pricing and automated underwriting logic.

AI-Powered Risk Scoring

We integrate machine learning models that analyze vast datasets—including telematics, IoT, and third-party APIs—to generate highly accurate, predictive risk scores instantly.

Automated Underwriting Rules Engines

We build sophisticated rules engines that automatically approve standard risks, instantly route complex cases to senior underwriters, and consistently apply your specific risk appetite.

Uncompromising Data Security

Underwriting requires highly sensitive personal and financial data. As an ISO 27001 certified firm, we engineer platforms with military-grade encryption and strict access controls.

Seamless API Integration

We connect your custom underwriting software directly with credit bureaus, motor vehicle records (MVR), property data providers, and your core Policy Administration System.

Real-Time Actuarial Analytics

Provide your actuarial team with real-time dashboards that track loss ratios, premium adequacy, and portfolio performance across all lines of business.

Why Choose 247 Labs for Underwriting Software?

We bring over 15 years of enterprise engineering excellence, building highly secure, data-intensive insurance platforms that calculate complex risk in real-time.

Proven Dynamic Pricing Algorithms

Our work on the Edge Benefits platform proves our capability to engineer complex, high-volume dynamic pricing and automated underwriting logic.

AI-Powered Risk Scoring

We integrate machine learning models that analyze vast datasets—including telematics, IoT, and third-party APIs—to generate highly accurate, predictive risk scores instantly.

Automated Underwriting Rules Engines

We build sophisticated rules engines that automatically approve standard risks, instantly route complex cases to senior underwriters, and consistently apply your specific risk appetite.

Uncompromising Data Security

Underwriting requires highly sensitive personal and financial data. As an ISO 27001 certified firm, we engineer platforms with military-grade encryption and strict access controls.

Seamless API Integration

We connect your custom underwriting software directly with credit bureaus, motor vehicle records (MVR), property data providers, and your core Policy Administration System.

Real-Time Actuarial Analytics

Provide your actuarial team with real-time dashboards that track loss ratios, premium adequacy, and portfolio performance across all lines of business.
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83 Reviews
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

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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

Building a Scalable Digital Platform to Simplify Flexible Benefits Management for Edge Benefits

247Labs developed a fully configurable, web-based platform, allowing back-office users to manage insurance products and business rules efficiently. The system also supported bilingual functionality, allowing advisors and sales teams to handle quotations and enrollments. The platform was built mobile-responsive, making it accessible on-the-go for all user types. The platform allowed administrators to update products and policies in real-time, improving the overall management and flexibility of benefit plans.

70%

Reduction in administrative workload

50%

Faster quotation and enrollment processes

3x

Enabled scalability to support business growth
Read Case Study
Start Your Project
Insurance Success Stories
Building a Scalable Digital Platform to Simplify Flexible Benefits Management for Edge Benefits

247Labs developed a fully configurable, web-based platform, allowing back-office users to manage insurance products and business rules efficiently. The system also supported bilingual functionality, allowing advisors and sales teams to handle quotations and enrollments. The platform was built mobile-responsive, making it accessible on-the-go for all user types. The platform allowed administrators to update products and policies in real-time, improving the overall management and flexibility of benefit plans.

70%

Reduction in administrative workload

50%

Faster quotation and enrollment processes

3x

Enabled scalability to support business growth
Read Case Study
Talk to an Expert
Our Approach

Our Proven Underwriting Software Development Process

01

Discovery and Actuarial Modeling

We analyze your specific risk appetite, actuarial models, and data sources to define the precise architecture for your custom underwriting software.

02

Secure Architecture and UI/UX Design

Our design team creates highly intuitive dashboards that present complex risk data clearly to underwriters, reducing cognitive load and decision fatigue.

03

Agile Development and API Integration

Our engineers build your platform using scalable microservices, ensuring seamless integration with third-party data providers and internal rating engines.

04

Rigorous Rules Testing and Security Audits

We conduct extensive automated testing, running thousands of scenarios to validate your rules engine, alongside rigorous ethical hacking to ensure data security.

05

Deployment and Underwriter Training

We handle the entire deployment process, ensuring all systems meet stringent Canadian (OSC/OSFI) compliance standards, and provide comprehensive training.

06

Continuous 24/7 DevOps Support

Post-launch, our dedicated DevOps team provides continuous 24/7 support, proactive performance monitoring, and regular updates to your pricing algorithms.
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Work with s diverse team of senior software engineers and insurance technology consultants

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Partner with a leading underwriting software development company to build secure, AI-powered tools that accelerate profitable growth.
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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 underwriting software development involves engineering bespoke digital platforms—such as automated rules engines, dynamic risk scoring algorithms, and data integration hubs—designed specifically for an insurer’s unique risk appetite and product lines.
Off-the-shelf underwriting tools often force you into rigid, generic risk models. A custom underwriting software development company builds a proprietary architecture tailored exactly to your actuarial science, giving you complete control over your pricing algorithms and a significant competitive advantage in the market.
Yes. We are leaders in AI underwriting software development in Canada. We integrate machine learning models that analyze non-traditional data sources (like telematics or IoT), predict future loss probabilities, and continuously refine your automated underwriting rules engine.
Security is our absolute priority. As an ISO 27001 certified firm, we engineer underwriting platforms utilizing end-to-end encryption, strict role-based access controls, and robust audit logging to ensure full compliance with PIPEDA, HIPAA, and OSFI data security standards.
Absolutely. We specialize in complex enterprise data integration. We use secure APIs to connect your new custom underwriting software seamlessly with credit bureaus, motor vehicle registries, property databases, and your existing Policy Administration System for real-time risk assessment.
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:

  • Client Oriented
  • Independent
  • Competent
  • Result-driven
  • Problem-solving
  • Transparent

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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