About Project
The insurance simulator immerses students in executive roles, where they oversee pricing, underwriting, marketing, HR, and investments. It replicates real-world challenges, fostering skills in risk analysis, operational efficiency, and strategy.
Insurance Simulator Industry
BusinessNorth America
Location
By utilizing forecasting tools and macroeconomic data, students gain hands-on experience in managing profitability, customer satisfaction, and business growth—ideal for those pursuing insurance or business management studies.
Brief
We developed a dynamic insurance simulation platform to bring the brand’s vision to life, offering students hands-on experience in real-world industry scenarios. The platform bridges academic knowledge with practical application, allowing students to make key decisions in pricing, underwriting, marketing, and investments. By simulating complex business environments, the platform fosters critical thinking, strategic decision-making, and operational skills, preparing students to tackle the challenges of the evolving insurance industry and equipping them with the expertise needed to succeed as future professionals.
List of Services Offered
- Insurance simulation development
- EdTech platform design
- Custom eLearning solutions
- Interactive training software
- Real-time decision-making tools
Immersive Insurance Simulation
Features
Customizable User Roles for Tailored Learning Experience
We designed the platform to support multiple user roles, including students, professors, and teaching assistants, each with tailored access. This structure enables a customized learning experience where students manage their decisions, while professors and assistants provide oversight and guidance. Our role-based system ensures proper management and personalized learning, making it adaptable to different academic needs and teaching styles.
Choose From Multiple Insurance Products for Real-World Learning
We enabled students to select and manage various lines of insurance products, such as life, health, auto, and property. This flexibility offers diverse learning experiences, helping students understand the challenges specific to each market segment. By allowing them to tailor decisions to each product type, we empower students to develop critical analytical skills in managing different aspects of the insurance industry.
Simulate Real Insurance Decisions for Practical Experience
We created an environment where students make real-world decisions in areas like premium rates, underwriting, and marketing, simulating real industry challenges. Students analyze risks, optimize operations, and manage profitability under pressure, mirroring real-world business scenarios. This hands-on approach helps them develop strategic thinking, problem-solving, and decision-making skills that are essential for success in the insurance industry.
Enhanced Operations for Streamlined Insurance Management
We implemented system upgrades that improve both front-office and back-office operations, focusing on key areas like marketing, claims management, and customer service. These enhancements provide students with realistic operational scenarios where they manage customer relationships, handle claims, and design marketing campaigns. We aim to give students a comprehensive understanding of how business operations interconnect and their impact on profitability and customer satisfaction.
Predict Sales and Performance with Advanced Tools
We integrated advanced forecasting tools and detailed reports into the platform, allowing students to predict sales, assess market trends, and analyze performance. With these tools, students gain practical experience in making data-driven decisions and understanding long-term business outcomes. Our goal is to help students build strategic thinking and planning skills, which are vital for navigating the competitive insurance industry.
Manage Workforce Efficiency with Pay and Training Budgets
We provided a feature that allows students to adjust pay structures, set training budgets, and allocate resources for employee development. This simulates the challenge of managing a workforce to optimize operational efficiency and drive customer acquisition. Through this, students gain valuable experience in making decisions about human capital, and understand how these choices influence overall business performance.
Make Strategic Investment Choices to Maximize Returns
We enabled students to make informed investment decisions, considering risk and return, to understand their effects on business outcomes. Students explore different financial instruments and learn to apply financial theories in practice. Our goal is to help them grasp how investment strategies impact the insurance business, equipping them with the skills to balance risk and growth.
Leverage Economic Data to Guide Business Decisions
We incorporated real-world macroeconomic data, allowing students to make decisions based on current economic conditions. This feature helps students understand how factors like inflation, interest rates, and unemployment affect their decision-making process. By considering broader market forces, we provide students with a comprehensive understanding of the external factors that shape decisions in the insurance industry.
Technology Stack
Front-end Tech
Laravel
PHP
jQuery
CSS 3
Back-end Tech
Laravel
PHP
jQuery
CSS 3
Server
Laravel
PHP
jQuery
CSS 3
Database
Laravel
PHP
jQuery
CSS 3
Cloud
Laravel
PHP
jQuery
CSS 3
Framework
Laravel
PHP
jQuery
CSS 3
Security Tools
Laravel
PHP
jQuery
CSS 3
Analytics and Monitoring Tools
Laravel
PHP
jQuery
CSS 3
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