Despite big leaps forward in technology, around three-quarters of insurance companies still rely heavily on legacy systems. That was understandable when building software meant drawn-out development times and significant cost. Today there’s a far more straightforward, cost-effective option: low-code and no-code software.
Low-code and no-code insurance software turn development from a complex, time-consuming coding marathon into a fast, simple process. Building software no longer requires coding knowledge, or even IT experience, anybody in the business can build the applications they need to automate and streamline how they work.
The popularity of these tools keeps growing. The global low-code development platform market was valued at USD 34.7 billion in 2024 and is projected to grow at an 11.6% CAGR through 2034. A separate 2025 industry survey found 95% of companies have used low-code or no-code tools in the past year, these platforms are now the default, not the exception, for digital transformation.
For insurance businesses specifically, low-code and no-code tools modernise systems and streamline processes without the cost and time of building software from scratch, ideal for automation across the entire insurance lifecycle, from quote and bind through to policy administration and reporting.
Here’s the difference between the two approaches, the benefits, and how AI is now changing the picture further.
Low-code insurance software
Low-code insurance software lets businesses build applications quickly with minimal handwritten code. Visual development tools, some basic code, and pre-built integrations mean insurers and MGAs can build applications without complex infrastructure, cutting development from months to days or hours. Low-code platforms still assume some programming knowledge, so they may not suit a business with little development expertise, though many providers offer support where coding is needed. The trade-off is flexibility: low-code tools offer more customisation and functionality than no-code.
No-code insurance software
No-code insurance software assumes no programming knowledge at all. It works through a drag-and-drop interface, existing code blocks are placed into a workflow to assemble applications, with everything needed for product creation built into the platform. That means less customisation than low-code, but faster, simpler design of apps and business processes at scale.
|
Feature |
Low-code |
No-code |
|
Meant for |
Developers |
Business and non-tech users |
|
Main Objective |
Development speed |
Ease of use |
|
Coding Requirement |
Low |
None |
|
Customisation |
Totally customisable |
Pre-built templates customisable |
|
Application complexity |
Create complex apps |
Create simple apps |
Five benefits of low-code and no-code insurance software for insurers and MGAs
Key benefits include the following:
Faster product development and build. Drag-and-drop tools remove the requirement for coding skills, significantly accelerating prototyping and development timelines and letting insurers and MGAs respond faster to a changing market.
Flexible and modular approach. Low-code and no-code software can be enriched with different features and integrations, letting insurers and MGAs design and deploy products that fit seamlessly into existing processes, adding a new claims or accounting module is straightforward.
Integrating with other IT systems. These platforms connect to existing software without friction, enabling smooth automation and better data oversight, for example, integrating with accounting or CRM software for a full view of a customer’s history.
Saving IT and operational costs. Running products on low-code or no-code platforms doesn’t require the constant development spend of monolithic core systems, or dedicated programming resource. Fewer errors and less manual rework cut the operational cost of fixes and updates, freeing IT staff for more complex work.
Gradual digital transformation. The flexibility of these tools lets insurers and MGAs update systems and processes gradually rather than overhauling everything at once, making the financial and resourcing side of digital transformation much easier to manage.
Where AI fits into the picture
AI isn’t replacing low-code and no-code, it’s making them faster. The same 2025 industry survey referenced above found that 84% of tech leaders say AI won’t replace their low-code and no-code tools, and 76% say AI is making those tools more efficient, with 98% of tech leaders already reporting real development time savings from low-code and no-code overall.
Speed is only half the story. The other half is risk, of a rebuild overrunning, of a rushed product change causing a compliance problem, of locking into a platform that can’t flex as the business changes. That’s why Insly positions itself as low-risk insurance software first: low-code is the mechanism, not the pitch. Building and changing products with minimal engineering effort means fewer places for something to go wrong, faster course-correction when it does, and less dependency on any one vendor, developer, or roadmap to get there.
That’s the combination Insly builds on: Nora, Insly’s AI layer, sits on top of a low-code platform that’s already fast and safe to configure, removing manual work from submissions, underwriting and claims, while the low-code foundation keeps products changeable without waiting on a development queue or risking a bigger rebuild.
Insly’s Product Builder is designed specifically for MGAs and insurers, with a high level of customisation to fit each business’s exact needs. Because it’s low-code, it can be implemented in a matter of weeks, and changed again just as quickly, rather than the months and risk that come with building software from scratch.
We work with 70+ MGAs and insurers, and on average our customers handle double the gross written premium they managed on their previous systems.
