How it Works to Develop a New Insurance Product with Boost

If you’ve visited our website, you’ve probably seen that Boost is a full-stack digital insurance platform that’s built for growth. Our API-driven infrastructure makes it easy to build and sell innovative, customized insurance solutions. But what exactly does that mean? And what exactly does it look like to build a product with Boost?

In this blog, we'll break it down step-by-step and explain the three phases of new insurance product development with Boost,  all the way from the drawing board to your successful launch.

Phase 1: Research and Proposal

The first phase of working with Boost to build a new insurance product is all about laying the groundwork for the new program. It’s a very collaborative and research-heavy phase with the goal of creating a well-rounded product proposal. 

Identify New Program Opportunity

The first step is to meet with our team to discuss your idea, and how it might fit into the market. Our insurance experts will help evaluate the opportunity for a new insurance product, and decide if it’s the right fit for your business and ours. 

Research and Initial Product Scoping 

Our team will then start researching the market, looking at areas like the regulatory environment, market size, and how the product might be structured. From there, we’ll put together an initial scope of what the product might cover (and what it won’t).