Multi-jurisdiction regulation
NAIC Model Laws and NY DFS Reg 500 in the US; Solvency II, IDD and DORA across the EU and UK. We design controls into the data model and release process so compliance is built in, not bolted on.
Industries GDPR NAIC
InsurTech Software Development Services for US & EU Carriers, Brokers and MGAs
YuSMP Group builds insurtech software for US carriers, EU undertakings, Lloyd's syndicates, MGAs, brokers and embedded-insurance distributors. Senior engineers ship policy administration, claims automation, underwriting workbenches and quote-and-bind portals that work inside NAIC Model Law expectations, NY DFS Reg 500, Solvency II reporting and IDD distribution rules. ACORD-native messaging, ISO 27001 controls, SOC 2 Type II readiness and DORA-aligned ICT risk are part of the delivery — not a separate compliance project.
Challenges
The insurance challenges we solve
Insurers modernize under pressure: regulation that differs by state and country, aging core systems, rising claims and fraud costs, and distribution that now has to move at the speed of an embedded checkout. We build software that turns each of these into an operational advantage instead of a compliance overhead — delivered through software modernization and AI, ML & data engineering.
Legacy core modernization
Aging policy, billing and claims cores block new products and drain change budgets. We re-platform them around an ACORD-native data model without a big-bang cutover.
Claims cost, cycle time & leakage
Manual FNOL and adjudication inflate loss-adjustment expense and fraud leakage. Straight-through processing, fraud signals and supplier orchestration compress the cycle and protect reserves.
Underwriting data & pricing accuracy
Fragmented risk data and opaque models weaken selection and pricing. Underwriting workbenches with governed ML scoring and external-data orchestration (Verisk, LexisNexis) sharpen both.
Distribution & embedded growth
Slow quote-and-bind and closed channels cap growth. Embedded APIs and broker/MGA portals open new distribution under IDD product-oversight-and-governance rules.
Telematics, IoT & new data
Usage-based and parametric products need auditable telematics and IoT pipelines feeding underwriting, pricing and claims with traceable model governance.
Our InsurTech practice covers four product lanes: full-stack carrier modernization (policy, billing and claims cores plus reinsurance integration); broker and MGA platforms for placement, bordereaux and commission management; direct-to-consumer and embedded distribution with quote-and-bind APIs in retail, mobility and travel checkouts; and underwriting and pricing intelligence built on telematics, IoT and external data. We deliver under NAIC Model Laws, NY DFS Reg 500 and state-equivalent cybersecurity rules in the US, plus Solvency II, IDD, GDPR and DORA in the EU and UK. ACORD AL3, XML and ORS REST are first-class citizens of every integration surface. Explore how we deliver this through our Custom Software Development service.
What we build
What we build
Policy admin systems
Product configuration, policy lifecycle, billing and reinsurance ceded for P&C, life and specialty lines. ACORD-native messaging end to end.
Claims automation
FNOL intake (web, mobile, voice), straight-through processing, fraud signals, supplier orchestration and audit-grade reserves and payments.
Underwriting & risk models
Underwriter workbenches with rule engines, ML scoring, model-risk governance and external-data orchestration (Verisk, LexisNexis, Cytora, Tractable).
Quote-and-bind portals
Direct and broker portals with rate-quote-bind-issue flows, IPID generation, e-signature, payment and policy-document delivery.
Embedded insurance APIs
Headless quote-and-bind APIs for retailers, mobility platforms and fintech apps, with white-label IPID, KFD and policy-doc delivery.
Telematics & IoT data ingestion
OBD-II, smartphone, smart-home and commercial-fleet sensor pipelines feeding UBI scoring, claims forensics and parametric triggers.
Compliance
Regulations & standards we work to
GDPR-aligned · ISO 27001 ready · SOC 2 Type II in progress · DORA-aware · NY DFS Reg 500
NAIC Model Laws NAIC Insurance Data Security Model Law NY DFS 23 NYCRR 500 GDPR Solvency II IDD (EU Insurance Distribution Directive) FCA Consumer Duty PRA SS1/23 (UK) ACORD XML / AL3 ACORD GRLC reinsurance ACORD ORS REST ISO 27001 SOC 2 Type II DORA NIST SP 800-53 CCPA / CPRA EU AI Act (high-risk profiling)
We treat these as engineering requirements, not paperwork: controls are designed into the data model, pipelines and release process. This page frames them as insurance-vertical challenges — for the implementation detail on individual regimes, see our dedicated GDPR compliance consulting, SOC 2 readiness and EU AI Act compliance services.
Process
Delivery process
1. Discovery
Workshops with underwriting, claims, actuarial, compliance and IT. We map product lines, distribution channels, regulators and reinsurance counterparties.
2. Architecture
ACORD-native data model, NY DFS Reg 500 / DORA control mapping, model-risk governance plan and a security threat model before sprint one.
3. Build
Two-week sprints with regulatory smoke tests on every release: Solvency II reporting checks, IDD POG hooks, ACORD message validators in CI.
4. Launch & operate
Carrier rollout playbook, broker training, 24/7 SLA on bind and claims, plus quarterly DORA resilience tests and model-risk reviews.
Cases
Selected InsurTech case studies
Physical security · Mobile
Grom Security
Unified iOS & Android app for remote alarm, embedded video and smart-home control across the US & EU — zonal entitlement, role-based access.
IoT · Smart Home
Mobile Climate Control
Native iOS & Android app for remote HVAC and underfloor-heating control — presets, scenarios, and one-tap modes for connected homes in the US & EU.
Why YuSMP
Why insurance teams choose YuSMP
Regulation-fluent engineers
Senior engineers who understand NAIC Model Laws, NY DFS Reg 500, Solvency II QRTs and IDD POG — and design products against them, not around them.
ACORD-native integration
XML, AL3, GRLC and ORS REST — validated against ACORD test suites, not hand-rolled approximations. Faster broker, BPO and reinsurer onboarding.
DORA-ready operations
ICT risk registers, third-party concentration tracking and resilience testing baked into the platform — ready for EIOPA and national supervisor review.
Compliance posture: GDPR-aligned · NAIC-aware · NY DFS Reg 500 control mapping · Solvency II reporting · IDD POG · ISO 27001 ready · SOC 2 Type II in progress · DORA.
What clients say
A loan decision engine that takes ten times less time to approve does not happen by accident. YuSMP built the scoring pipeline, integration with credit bureaus, and a back-office that our underwriters actually enjoy using. Approval turnaround went from two days to under four hours.
The dealer financing market is won on speed. YuSMP built our intake queue, multi-step credit wizard, and Bitrix24 integration in eight weeks. Average lead-to-call time dropped from four hours to under 20 minutes — dealers noticed immediately.
FAQ
InsurTech FAQ
Do you build NAIC- and NY DFS Reg 500-compliant systems?
Yes. We design carrier and MGA systems aligned with NAIC Model Laws, NAIC Insurance Data Security Model Law (and state adoptions), and NY DFS 23 NYCRR 500 cybersecurity controls — including risk assessments, MFA, encryption, third-party diligence and 72-hour incident reporting.
How do you handle Solvency II and IDD for EU carriers?
For Solvency II we build reporting pipelines for QRT submissions, ORSA and SCR data lineage. For the Insurance Distribution Directive (IDD) we implement POG (product oversight and governance), demands-and-needs capture and IPID delivery in quote-and-bind flows.
Can you integrate with ACORD standards?
Yes. We work with ACORD XML, ACORD AL3, ACORD GRLC for global reinsurance, and ACORD ORS REST APIs — for policy, claims, party and reinsurance message exchange with carriers, brokers and BPOs.
What about FCA Consumer Duty in the UK?
We design distribution and servicing journeys against the four FCA Consumer Duty outcomes: products and services, price and value, consumer understanding and consumer support — with monitoring dashboards that surface foreseeable harm signals.
How do you cover DORA and third-party ICT risk?
Insurance undertakings are in scope of DORA. We engineer ICT risk registers, incident classification, threat-led penetration testing readiness and third-party ICT contracts inventory directly into the platform rather than as compliance overlays.
Do you build telematics and IoT ingestion?
Yes. We deliver UBI and telematics pipelines (OBD-II, smartphone SDKs, smart-home and commercial-fleet IoT), event normalization, scoring and feedback into underwriting and pricing engines with auditable model governance.
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