About ParaCode
ParaCode is a cloud-native insurance policy administration and claims management platform enabling insurers, brokers, and MGAs to quickly build, manage, distribute, and automate insurance products without coding while improving operational efficiency, workflow automation, reporting capabilities, and digital distribution across insurance ecosystems.
ParaCode Details
Vendor
ParaCode Technologies
Year Launched
2019
Location
Sheepdrove Organic Farm, Warren Farm, Sheepdrove Road, Lambourn, Hungerford, Berkshire RG17 7UU, GB
Deployment
cloud, web browser
Training Options
live online, in person
Countries Served
All Countries
Languages
English, Spanish, French, German, Italian, Portuguese
Users
Claims Manager, Policy Administrator, Insurance Operations Manager, Insurance Broker, Insurance Underwriter
Industries Served
InsurTech, Insurance Brokerage, Financial Services, Managing General Agents, Insurance
Tags
Insurance Policy Administration, InsurTech Platform, Cloud Insurance Platform, Claims Management Software
ParaCode's In-App Market Place
Does ParaCode have an in-app market place?
Yes
How many Mini-Apps in the marketplace?
0
Mini Apps
Pricing Options
Free trial
Free version
Request a quote
Promo Offer
Accepted Payment Currencies
USD ($), EUR (€), GBP (£), JPY (¥), AUD (A$), CAD (C$), CHF (CHF), CNY (¥), SEK (kr), NZD (NZ$), KRW (₩), INR (₹)
Pros & Cons
- No code product builder enables rapid insurance product creation and deployment.
- End to end insurance lifecycle management improves operational efficiency across departments.
- Flexible configuration allows insurers brokers MGAs adapt processes without developer support.
- Cloud native architecture supports scalability accessibility reliability and continuous platform updates.
- Platform customization may require training for users unfamiliar with insurance systems.
- Dependence on cloud infrastructure requires reliable internet connectivity for operations.
- Advanced configuration options may require experienced administrators for optimal system setup.
- Smaller organizations may find enterprise implementation costs relatively high initially.