Insurance Software Solutions and Platform

Future-Ready InsurTech for an Ever-Changing World

Empower your insurance business with connected InsurTech solutions that streamline operations, improve customer experiences, and accelerate growth.

Driving Sustainable Business Growth Amid Rising Customer Expectations

The insurance industry is operating in an increasingly dynamic era. Policyholders increasingly expect personalized products, convenient digital interactions and effortless claims experiences. Meanwhile, regulatory needs, risk exposures, and competition continue to grow. Insurers need to adopt modern, customer-centric InsurTech solutions that improve agility and customer satisfaction.

Novac serves as a trusted digital transformation partner, helping insurers build scalable businesses. Our platform transforms insurance operations across underwriting, claims, fraud management, analytics, and digital distribution, while maintaining operational agility and compliance.

Expanding Revenue Streams Through
Digital Innovation

Better Customer Experience

Insurers giving priority to digital transformation will offer personalized services. This facilitates faster claim settlement, higher policyholder retention (procuring of insurance plans), and quicker resolution of policy-related queries.

Data-Driven Decision Making

Data analytics helps insurers make intelligent underwriting and pricing decisions. This enables improved risk assessment and fraud detection while creating customer-focused products aligned with market needs.

Improved Risk Management

Insurers can assess risks in an analytical manner and take steps to mitigate them. Eventually, a higher level of accuracy in risk assessment will help in reducing liability costs.

Enhanced Agility

Cloud-native platform can now help insurers adapt quickly to the market conditions. This results in scalable operations and timely responses to customer expectations and risk dynamics.

Why Choose Novac?

Novac Technologies is rooted in the strength of Shriram Group, a USD 30 billion financial conglomerate with customers across the world.

CMMI Level 5 Certified
754+ Implementations
Strong Information Security Practices
Proven Expertise across diverse Domains
1600+ Associates

Connected Insurance Beyond Core Operations

STATIM® extends insurance operations beyond core systems by connecting customers, agents, brokers, and partners through a unified digital ecosystem. With omni-channel engagement, configurable workflows, and a single point of change, it enables seamless onboarding, servicing, policy management, claims, and payments while improving operational efficiency and customer experiences.

Built on a low-code, AI-enabled architecture, STATIM® combines persona-based portals, digital journeys, integration capabilities, centralized data management, and analytics into one intelligent platform. Supporting General and Health Insurance operations across the policy lifecycle, it helps insurers accelerate digital growth, reduce operational costs, improve turnaround times, and deliver better business outcomes.

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Journeying Together

Leading insurers partner with us to streamline core operations, accelerate product innovation, and drive sustainable growth across the insurance value chain.