How the Problem Was Solved

Technology Stack:

Java (Spring Boot) for backend services, React for the user interface, and a microservices architecture connecting to third-party insurance APIs.

Key Features:

• Unified quote request form
• Comprehensive comparison chart of coverage details
• Recommendation engine based on user preferences (price vs. coverage)

Approach:

• Integration with Providers: Created a microservice for each insurance provider’s API to fetch quote data in real time.
• Comparison Algorithm: Weighted different coverage aspects (e.g., collision, liability) to generate a recommendation score.
• User-Friendly Dashboards: React-based dynamic tables and charts for easy policy comparison.

The Results

Impact on the Business:

• Boosted leads for partner insurance companies by 30%.
• Improved brand reputation for the aggregator as a transparent comparison tool.

Cost:

• ~50K USD
• Low-to-moderate, primarily spent on API development and partner onboarding.

Time:

• 5 months to develop MVP, 2 months for partner integrations and QA.

Lessons Learned

• What Went Well:
  • Modular microservices design simplified adding new insurance providers.
  • Real-time comparisons and UI responsiveness delighted end-users.
• What We Would Do Differently Next Time
  • Implement a robust caching mechanism for frequently requested quotes to reduce API costs.
  • Conduct more in-depth user research for the comparison logic to better align with consumer decision factors.