• university
  • iasct
  • nestle
  • university
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  • nestle
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Driving Innovation in the Insurance Industry

At Space, we understand the dynamic and competitive nature of the insurance industry. The need for digital transformation, enhanced customer experience, and operational efficiency has never been greater. Our comprehensive suite of IT services is designed to empower insurance companies to thrive in this evolving landscape.

We help insurers leverage technology to optimize underwriting, claims processing, and customer engagement. From developing innovative insurance platforms to implementing advanced analytics and AI-driven solutions, we provide end-to-end support to drive growth, mitigate risks, and deliver exceptional customer experiences.

  • Data Science Services

    As an innovative company, we firmly believe in the transformative power of AI and machine learning (ML). Through our cutting-edge AI solutions, we aim to revolutionize businesses and streamline processes, empowering them to excel and expand in today's dynamic and competitive market.

  • Data Engineering Services

    As your business grows, so does your data. Our data engineering solutions are designed with scalability in mind. We leverage cutting-edge cloud-based technologies to ensure your data infrastructure can adapt to your evolving needs. This ensures you're always equipped to handle increasing data volumes without compromising performance or security.

  • Design and Creative Services

    As a leading enterprise design firm, we believe great design requires collaboration. Our collaboration involves a deep immersion to understand your goals and audience. Our talented designers, strategists, and UX experts then create innovative solutions. From concept to launch, we're your trusted design partner.

  • Project Innovation Services

    Project Innovation Services empowers you to transform groundbreaking ideas into reality. We combine meticulous project management methodologies with flexible Agile development practices to ensure your projects stay on track, adapt to change, and deliver exceptional results.

  • Project Management and Engineering Services

    Our Product Management & Engineering services combine strategic planning with cutting-edge development to bring your product vision to life. We guide you through the entire product lifecycle, from conceptualizing new products and add-ons to designing intuitive user experiences and building robust backend systems.

Data Science Services

As an innovative company, we firmly believe in the transformative power of AI and machine learning (ML). Through our cutting-edge AI solutions, we aim to revolutionize businesses and streamline processes, empowering them to excel and expand in today's dynamic and competitive market.

  • 30+

    Custom Insurance
    Projects Delivered

  • 250+

    Insurance Technology
    Experts Onboard

  • 11+

    Years of digitizing
    Insurance

  • 94%

    Claims Processing
    Efficiency Improved

Connect with an expert
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WHY US

Digital Transformation

Navigating the complex insurance regulatory landscape can be challenging. Our expertise in compliance ensures your systems adhere to industry standards and protect sensitive customer information.

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WHY US

Data-Driven Decision Making

Leverage the power of data analytics to optimize underwriting, claims processing, and risk assessment. Our data-driven solutions provide valuable insights to make informed business decisions and improve operational efficiency.

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WHY US

Flexible Engagement Models

We prioritize customization by offering a variety of engagement models tailored to your specific needs. This ensures the best possible outcome for your Finance software project. You have the freedom to choose your level of involvement and delegate as much as you’d like, allowing Space to handle the entire project if desired.

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WHY US

Regulatory Compliance

Navigating the complex insurance regulatory landscape can be challenging. Our expertise in compliance ensures your systems adhere to industry standards and protect sensitive customer information.

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WHY US

Customer-Centric Solutions

Deliver exceptional customer experiences with our user-friendly digital platforms. From online quoting and policy management to seamless claims submission, we create solutions that build trust and loyalty.

Your AI - Powered Sales Assistant

SmartRep Solution

Empowering pharmaceutical representatives with instant access to approved content and AI-powered insights.

SmartRep Case Study

Empowers pharmaceutical representatives to tailor and refine their sales presentations for maximum effectiveness.

  • 98%

    Faster Turnaround

  • 80%

    Improvement in Response Time

SmartRep tackles the challenge pharmaceutical reps face: staying on top of ever-changing product information. Traditional methods struggle to keep pace, hindering effective doctor interactions and impacting sales and patient care.

SmartRep solves this by leveraging cutting-edge Retrieval-Augmented Generative AI (Gen AI) powered by OpenAI GPT-4. This translates into insightful data and intelligent tools that streamline sales pitch preparation. With SmartRep, reps gain instant access to relevant product information, personalize communication to address doctor-specific concerns, and refine communication skills through simulated doctor interactions.

  • Azure AI Search
  • RAG : Technologies
  • GPT - 4

Intelligence Center

A secure and scalable platform for managing growing volumes of clinical trial data.

Intelligence_Center

Learn about how our service made a difference in this case study

  • 95%

    Improved Time to Insights

  • 65%

    Reduction in overall platform costs

Clinical trials often struggle with manual data collection and limited data accessibility. Intelligence Center tackles this by offering a comprehensive solution for secure data storage, retrieval, and user-friendliness.

Intelligence Center features an intuitive interface, advanced search functions, and automated document indexing, empowering teams to access and utilize patient data efficiently. This translates to improved data security, streamlined collaboration, and ultimately, the development of more patient-centric medicines. Intelligence Center's impact was recognized with a prestigious "Made WITH Patients" Award, highlighting its contribution to meaningful patient engagement and improved clinical trial outcomes.

  • Data Management Platform
  • AI-powered Document Indexing
  • Data Visualization
A Generative AI Solution for

Anomaly Explorer

Utilizing advanced AI to safeguard patient health and prevent complications.

Anomaly_Explorer_casestudy

Analyzing Diverse Data Sources for Adverse Event Detection 

  • 99%+

    Accurate Identification of Adverse Event

  • 80%

    Increase in Automation Efficiency

Anomaly Explorer analyzes data from diverse sources like social media, patient feedback, and clinical trials to detect patterns that might indicate safety concerns or medication risks.

Offered as a user-friendly platform, Anomaly Explorer empowers healthcare and pharmaceutical companies to improve patient care, enhance product development, and streamline AE detection. With features like multilingual support and explainability, Anomaly Explorer offers a comprehensive solution for proactive safety measures in the healthcare industry.

  • Anomaly Detection
  • Model Catalogs
  • Global languages support
A Generative AI Solution for

A Multi-Agent Chatbot

Leveraging multi-agent workflows and advanced chatbot to deliver efficient and insightful answers.

Chatbot_casestudy

Delivering Faster Answers for Increased Efficiency

  • 98%

    Effective Data Handling

  • 80%

    Improved User Experience

Multi-agent system developed by Space to empower users with comprehensive answers to their complex questions. The system combines two specialized agents: one tackles statistical and data-related queries, while the other handles reasoning-based questions requiring logic or similarity searches.

This allows users to access both structured data and insights derived from large document databases. With features like user query refinement and agent selection, the system delivers a seamless user experience. Overall, this multi-agent system empowers users with faster access to insights, reduces reliance on data analysts, and improves overall user experience.

  • Multi-Agent Chatbot
  • Advanced RAG
  • GPT - 4
Enhancing

Fraud Detection Systems

Leveraging advanced data engineering to improve fraud detection accuracy.

spaceinventive fraudetection

Learn about how our service made a difference in this case study

  • 55%

    Decrease in False Positives

  • 35%

    Reduction in Fraudulent Transactions

A leading bank faced challenges in detecting fraudulent transactions due to the high volume of data and the complexity of identifying patterns. By implementing a robust data engineering solution, the bank integrated various data sources, including transaction logs, customer profiles, and external data feeds, into a centralized data repository. This enabled the development of sophisticated machine learning models to analyze spending behavior and detect anomalies in real-time.

  • Data Integration
  • Machine Learning
  • Anomaly Detection
The Power of Many

Customer Retention

Space applied data science to enhance customer retention strategies.

spaceinventive customer retention

Learn about how our service made a difference in this case study

  • 25%

    Increase in Customer Retention

  • 20%

    Improvement in Customer Satisfaction

A major insurance provider sought to improve customer retention rates. Space Multimedia developed a data-driven solution that utilized customer segmentation and predictive modeling to identify at-risk customers.

By analyzing customer behavior and engagement metrics, we provided actionable insights that enabled the insurer to implement targeted retention campaigns.

  • Customer Segmentation
  • Predictive Modeling
  • Customer Engagement

Featured Blogs

Our comprehensive services empower you to design, develop, and integrate cutting-edge healthcare solutions.

Drive Success Together:

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Frequently Asked Questions

  • What are the benefits of using AI for claims processing in insurance?

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    AI can streamline and expedite the claims process in several ways:

    • Automated data extraction: AI can extract relevant information from claims documents, reducing manual work and processing time.
    • Faster claim validation: AI can analyse claims data to identify potentially fraudulent claims and expedite legitimate ones.
    • Improved customer experience: Faster claims processing leads to quicker payouts and a more positive customer experience.
  • How can I enhance the client experience using Space's insurance software development services?

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    Our insurance software solutions can help you improve customer experience in several ways:

    • Provide self-service options: Allow customers to manage their policies, submit claims, and make payments online or through mobile apps
    • Offer faster and more efficient service: Streamline workflows and automate tasks to reduce processing times.
    • Personalize the customer experience: Use data analytics to personalize communications and product offerings for each customer.
    • Improve communication and transparency: Provide customers with real-time updates on the status of their policies and claims.
  • How can you ensure that my insurance software solution is secure?

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    Ensuring the highest level of data security for your insurance software is our top goal at Space. Adhering to stringent data security and legal rules, we meticulously construct superior software solutions enhanced by additional security. This comprehensive approach safeguards user data by proactively identifying and eliminating any vulnerabilities. With our constant proactive monitoring, quick response times, and regular security audits, we provide you with a strong and enduring defence against evolving threats.

  • Is the insurance data secure with Space Inventive?

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    Absolutely. Security is a top priority for us. We understand the sensitive nature of insurance data and take strict measures to protect it. Here's what we do:

    • Secure Development Practices: We follow industry-standard security practices throughout the development process to prevent vulnerabilities.
    • Data Encryption: We encrypt your data at rest and in transit to ensure confidentiality.
    • Regular Security Audits: We conduct regular penetration testing and vulnerability assessments to identify and address potential security risks.
    • Compliance with Regulations: We ensure your software adheres to all relevant data privacy regulations.

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