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Straightforward insurance technology from straight talking insurance professionals. ParaCode was born of a vision, created between insurance professionals and a software development company, of a platform that would overcome the frustrations and limitations of existing players. ParaCode is a cloud-based policy administration and claims management software platform that is product agnostic and is aimed at anyone in the insurance market including MGA’s, Brokers and Insurers who want to take advantage of our Broker portal, Marketplace and Online sales functionality. Our goal is to enable insurance providers to increase their competitive advantage by being faster to market with both product changes and new schemes, giving enhanced underwriting results, along with improved user productivity and Management Information. ParaCode frees up our customers time to develop and improve their business without limitation from their software.
Provider
ParaCode
Located In
United Kingdom
Open API
Yes
Deployment
Cloud, SaaS, Web-Based
Training
In Person, Live Online
Support
Email/Help Desk, Phone Support
MGA's Insurers Coverholders Brokers
Content Source: ParaCode
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ParaCode Reviews
"Excellent Company"
Pros: Very helpful staff Comprehensive Product
Cons: I wouldn't think of any clear con about the software or business
"Streamlined Success with Paracode: A Partner in Business Growth"
Overall: Our overall experience with Paracode has been excellent. Their team has been incredibly supportive and helpful, playing a pivotal role in getting our business operational and trading in a remarkably short timeframe. Their expertise, responsiveness, and commitment to understanding our needs have been instrumental in our success.
Pros: Paracode is an exceptionally versatile underwriting and policy administration system that has enabled our business to efficiently deliver complex commercial products in a remarkably short timeframe. The team supporting Paracode is highly experienced, knowledgeable, and always approachable, ensuring seamless implementation and ongoing support. Their expertise and commitment have been invaluable to our operations.
Cons: Overall, the system meets our needs effectively. However, like any system, there are a few areas for improvement. One notable area is the ability to generate and build custom reports directly within the platform, which would enhance functionality and user experience. That said, the Paracode team is highly responsive to feedback and proactive in addressing future developments, with many of these enhancements already in the pipeline.
"Paracode underwriting system"
Overall: Friendly, helpful team, responsive with any questions or querys.
Pros: Layout Fast document production Responsive development team Speed of system
Cons: Some areas havent been as flexible as we would like. A few teething problems but as you would expect from a new system and the team have been great helping us get them resolved.
"Paracode changed the way we work ....for the better !"
Overall: Very good, a game changer for our day to day operations, hugely efficient.
Pros: Paracode has proven to be a robust, flexible and much needed operating system for our business, streamlining much of what we do and proving efficiencies that we never imagined
Cons: Changing any operations system is always difficult. Whilst those at Paracode with an IT background, often use a different language and perhaps just how IT illiterate we perhaps are, fortunately their in-depth understanding our Industry proved very useful.
"ParaCode Super Software"
Overall: Our over all experience has been amazing, the ParaCode team have been easy to communicate with and always provides us with any support we need.
Pros: The best thing about ParaCode, is the flexibility, the system is able to adapt to our needs, allowing us to effectively and productively get the job done.
Cons: I would say the thing we like the least is how we currently file documents, as we cannot put these into folders, however we have been informed this will be changed soon.
