Projects Background
Peer Circle is a Canadian InsurTech company that reached out to us with a revolutionary idea of a whole new kind of an insurance marketplace. We got excited by the idea itself, so we couldn’t resist helping Peer Circle implement it.
We developed a Proof-of-Concept (PoC) for the platform to demonstrate how the idea would be working and help attract potential investors.
Our Clients Background
Peer Circle is an InsurTech startup based in Canada that aims to bring advanced technologies to the insurance industry and transform it.
Client's Challenges
Peer Circle came to Fortifier with the idea of creating a peer-to-peer insurance marketplace for small businesses. This marketplace is aimed at increasing customer engagement and improving customer retention rates to help insurers deliver better services and increase their profit.
Our main task was to design and develop a PoC for the platform. The main challenges were:
- choosing the most suitable technology stack
- supporting QA
- analyzing the business logic
- finishing the development within the shortest terms
- making the PoC attractive for potential investors
Our Solution
Our cooperation with Peer Circle started from requirements collection, a deep investigation of potential end users' behavior and detailed analysis of the global trends in this InsurTech niche.
Then, we structured the ideas and requirements of our client into comprehensive documentation based on our Reliable approach to development:
Our Solution
Peer Circle is an online platform that allows users to forms insurance groups. They purchase a policy, join a circle, and if they behave responsibly, their rebate grows up to 20% for the next year.
Key Features
Let's take a closer look at the full functional potential
of our solution for Peer Circle:
Insurance policy purchasing and management
Referral program - users can generate a link for their circle and get referral points for every person joining the circle using it
Online claim management
Online first notice of loss (FNOL) functionality
Reports with stats and insights generated in one click.
Value Delivered By Fortifier
This is how Peer Circle benefits from using our solution:
A reliable fault-tolerant solution
Fast development within the defined terms
Help in attracting investments
Improved risk assessment and management
Easy-to-navigate and intuitive user interface that provides the excellent user experience
Technologies Used
Here's the technology stack we chose to implement the solution for Peer Circle:
Testimonials
It has been a pleasure working with the Fortifier team. Everyone is professional, productive and easy to talk to. I am quite satisfied with the overall progress so far. I will recommend Fortifier to global insurers and reinsurers who want to upgrade their in-house systems to the best standards.View profile on LinkedIn
