• About
  • UI/UX
  • Key Challenges
  • Our Solutions
  • Our Approach
  • Technology
  • Key Results

About Project

The insurance simulator puts students in the role of insurance executives, challenging them to manage pricing, underwriting, marketing, HR, and investments. It mirrors real-world complexities, teaching risk assessment, operational efficiency, and strategic thinking. With forecasting tools and macroeconomic data, students gain practical experience in balancing profitability, customer satisfaction, and growth, perfect for those studying insurance or business management.

  • Insurance Simulator Industry

    Business
  • North America

    Location

Business Goal 

Our business goal was to bring the brand’s vision to life by creating a dynamic simulation platform that empowers students with real-world insurance industry experience. We aimed to bridge the gap between academic learning and practical application, enabling students to make strategic decisions in areas like pricing, claims, and investments. By simulating complex, real-time business scenarios, the platform helps develop critical thinking and operational skills, preparing future professionals to thrive in the evolving insurance landscape.

Project Highlights

  • Insurance simulation development
  • EdTech platform design
  • Custom eLearning solutions
  • Interactive training software
  • Real-time decision-making tools
Portfolio

Immersive Insurance Simulation

We built an immersive simulator that enables students to manage real-world insurance decisions, fostering hands-on learning, strategic thinking, and performance analysis—all within an accessible, WCAG-compliant digital environment.
UIUX Mobile

Key Challenges

Formula Migration Complexity

Migrating 2,000+ interlinked formulas from Excel without breaking data dependencies was complex.

Maintenance and Updates

Maintaining and updating intricate formulas posed major consistency and version control issues.

Scalability Limitations Identified

The existing Excel system lacked scalability and flexibility for future expansion and user interaction.

Error-Prone Tracking

Manual formula tracking was error-prone, time-consuming, and hindered the efficient evolution of the platform.

Our Solutions

We automated formula extraction, stored them in a centralized database, and transitioned to a Laravel-based solution, ensuring dynamic updates, improved scalability, and error-free management, enhancing efficiency and system flexibility.
Automated Formula Extraction Script

Automated Formula Extraction Script

We developed a custom script that automates the extraction of formulas from the complex Excel system. The script stores the formulas in a centralized database, eliminating the need for manual tracking. We also converted the unique formulas into Laravel functions, allowing for dynamic execution within the application. This approach ensures consistency, reduces human error, and streamlines the process of updating and managing formulas efficiently, greatly improving system scalability and functionality.

Centralized Formula Database Implementation

Centralized Formula Database Implementation

We implemented a centralized database to store all formulas as Laravel functions, creating a streamlined approach to formula management. The system automatically processes updates and ensures that the most current versions of formulas are always applied. This centralized database eliminates the need for manual tracking and version control, improving accuracy and reducing the potential for errors. It also makes it easier to scale the system and implement future updates without disrupting existing functionality.

Transition to Laravel-Based Solution

Transition to Laravel-Based Solution

To improve scalability and flexibility, we transitioned the system to a Laravel-based solution. In this setup, formulas are dynamically fetched from the database and applied directly within the application, reducing dependency on static Excel files. This move to Laravel allows for better integration with other system components, improves maintainability, and enhances performance. By leveraging Laravel’s robust features, the system now operates more efficiently and can be more easily adapted to meet future requirements and growth.

Automated Formula Storage and Consistency

Automated Formula Storage and Consistency

We introduced an automated process for extracting formulas and storing them in the database, ensuring that formulas are always up-to-date and consistent. This system eliminates the need for manual tracking, reducing errors and improving overall system reliability. By storing formulas in the database and linking them to Laravel functions, we ensure that the application always uses the latest versions of the formulas. This automated solution saves time, improves accuracy, and allows for quick updates, making it ideal for a dynamic and growing system.

Our Approach

We used targeted strategies and solutions to gather and manage the operations efficiently.

Simulation

Simulation

Engaged students with real-world decision-making scenarios for hands-on insurance industry experience.
data driven

Data-Driven

Integrated forecasting tools and macroeconomic data to enhance informed, strategic decision-making.
Customisation

Customized

Provided flexibility in selecting business lines, system upgrades, and investment strategies for personalized learning.
feedback

Feedback

Delivered instant performance analysis, enabling students to refine decisions and improve operational strategies.

Technology Stack

Front-end Tech

Laravel

Laravel

CSS 3

CSS 3

PHP

PHP

jQuery

jQuery

Back-end Tech

Laravel

Laravel

CSS 3

CSS 3

PHP

PHP

jQuery

jQuery

Server

Laravel

Laravel

CSS 3

CSS 3

PHP

PHP

jQuery

jQuery

Database

Laravel

Laravel

CSS 3

CSS 3

PHP

PHP

jQuery

jQuery

Cloud

Laravel

Laravel

CSS 3

CSS 3

PHP

PHP

jQuery

jQuery

Framework

Laravel

Laravel

CSS 3

CSS 3

PHP

PHP

jQuery

jQuery

Security Tools

Laravel

Laravel

CSS 3

CSS 3

PHP

PHP

jQuery

jQuery

Analytics and Monitoring Tools

Laravel

Laravel

CSS 3

CSS 3

PHP

PHP

jQuery

jQuery

Key Results

  • Efficient Formula Management

    Automated extraction and storage reduced maintenance costs and ensured faster updates.
  • Scalable, Flexible Platform

    Transitioned to Laravel, enabling future growth and easier maintenance.
  • Reduced Error Risk

    Automation improved accuracy, reduced errors, and saved time in data processing.
  • Centralized Formula Updates

    Simplified updates, ensuring consistency and smoother operations with reduced overhead.
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Ready to streamline your formula management?

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