Insurance and Finance Sector

Sofia Steninger
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Sofia Steninger
Solution Consultant

+41.. Show number +41 55 253 00 53

Your bank is not standard. Why should your software be?

We help banks to digitalize processes, increase security and react flexibly to new requirements.
Book a free initial consultation with our IT experts!

We have specialised in individual software development for more than 24 years and are partners of numerous well-known banks and insurance companies such as UBS, Raiffeisen Switzerland, Zürcher Kantonalbank, Vontobel, Bank Linth, AXA, Zurich Insurance, Celsius Pro and many more!

Digitalisation in the finance and insurance industry

The insurance and financial sector is undergoing profound change worldwide due to ongoing digitalisation. This brings with it both opportunities and challenges that are prompting companies to rethink their strategies in order to remain competitive and at the same time respond to the needs of a changing customer base. Risk management, data security or AI-driven analyses and processes – this and more is what the banking and insurance industry will be facing in the future.

Customer expectations and the need for digitalisation

Today’s customers and sales partners have redefined their expectations as a result of advancing digitalisation. They not only expect pure transaction processing, but a holistic customer experience that is personalised, efficient and seamless across different channels. Banks and insurance companies are therefore faced with the challenge of fundamentally transforming their services and processes in order to fulfil these expectations.

Limitations of standard solutions and the importance of flexibility

Standard solutions or banking software based on generic functions and systems often reach their limits in this context. The finance and insurance industry is dynamic and subject to constant change due to regulatory adjustments, technological advances and changing market trends. Prefabricated standard software packages often prove to be inflexible and incapable of reacting to changing requirements with the necessary agility.

Mastering challenges with a customer focus

Customer Experience (CX)

Creating personalized, seamless and consistent customer experiences strengthens loyalty and promotes long-term customer relationships.

Flexibility and adaptability

The software must be able to react flexibly to market changes, new requirements and customer wishes. This is achieved with modular architecture and simple expandability.

Innovative processes

Intelligent automation, machine learning and analytics make it possible to develop customized solutions that create real added value.

Our customers in the insurance and finance sectors

soxes has realised a powerful pricing tool for the collection, validation and utilisation of various market data for the Raiffeisen Group. The pricing tool was developed using Java, which offers performance and security advantages in many respects.

AXA Winterthur is also one of our customers. It has benefited from the development of innovative projects for risk assessment and alerting solutions. Tradition and digitalisation go hand in hand – as demonstrated by our digitalisation programme at Reichmuth & Co, a traditional specialist in wealth management. Here, soxes has realised a complex advisory tool.

CelsiusPro, a leader in weather derivatives and parametric insurance solutions in Europe, also relies on soxes to protect customers worldwide from extreme weather conditions. The web application developed by soxes integrates global weather data, calculates precise prices for derivatives and enables customers to retrieve them directly.

This technological environment combines the .NET framework with Python. Thanks to soxes’ provision of developers, the platform was successfully redesigned, including a switch to robust databases and the integration of microservices. As a result, CelsiusPro is now better positioned globally, offering more accurate insurance calculations and a more efficient web application. The soxes developers are continuously implementing ideas to emphasise the importance of climate change in collaboration with CelsiusPro.

Digitalisation plays a major role in the banking and insurance industry. We count numerous well-known and large banks and insurance companies among our customers: UBS, Zurich Insurance, Basler Kantonalbank, Vontobel, Zürcher Kantonalbank, Credit Suisse, Bank Linth and many more!

Custom Software
Standard Solution

Tailored to processes and needs

Generic, often associated with compromises

High flexibility for customizations

Fixed structures and functions

Personalized customer experience

Standardized user guidance for all

Strong customer loyalty through individual services

Less differentiation from the competition

Adaptable to new regulatory requirements and market changes

Update cycles dependent on the provider

Our technologies

By combining state-of-the-art software solutions with industry-specific expertise, soxes enables its clients to overcome complex financial and insurance challenges with ease. The customised products and services of soxes facilitate the management of risks, optimise operational processes and improve the overall efficiency of selected companies in the financial and insurance sector. Among others, soxes has deployed and utilised the following technologies:

Discover all our sectors and technologies and don’t hesitate to contact us. We are sure that we have the right solutions to your questions.

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Do you have any questions? Would you like to find out more about our services?
We look forward to your enquiry.

Sofia Steninger
Solution Sales Manager