Sapiens and Linqura Team Up to Enhance Insurance Underwriting

Sapiens and Linqura Forge a Strategic Partnership

A new era in insurance underwriting begins with the recent partnership announced between Sapiens International Corporation (NASDAQ: SPNS) and Linqura. This collaboration aims to empower property and casualty (P&C) insurers, enabling them to expand their business insurance portfolios effectively, regardless of market conditions.

Benefits of the Partnership

The partnership introduces an innovative Underwriting Advisor, designed to assist clients in navigating the intricacies of commercial insurance. The goal is to ensure profitable risk selection and stimulate growth in a competitive landscape. Sapiens and Linqura are dedicated to transforming the commercial insurance sector through technological innovation and operational efficiency.

Leveraging Advanced Solutions

According to Mark Stender, CEO of Linqura, the partnership with Sapiens represents a significant leap forward. He emphasized that Sapiens offers a comprehensive suite of products, alongside robust policy administration capabilities. Stender remarked, "We believe our unique agentic-AI platform, combined with our data and algorithms, will enhance the Sapiens offering, empowering underwriters to specialize in their accounts and unlocking remarkable growth opportunities."

Integration of AI-Driven Insights

Sapiens has pre-integrated its services with Linqura to offer secure AI-driven underwriting insights. This integration benefits the new business and renewal processes within the PolicyPro platform, enhancing P&C policy administration. Clients can expect:

Key Features Offered

• Precision in Risk Decision-Making: Underwriters will have access to extensive data points on U.S. businesses, identifying risks, exposures, and appropriate coverage requirements, which supports better underwriting decisions.
• Instant Access to Expertise: With Linqura's database of over 1,100 NAICS codes, underwriters receive real-time coverage recommendations, fostering expert comprehension of diverse risks.
• Confidence in Pricing: Access to critical data allows underwriters to confidently select and price the best risks while ensuring adequate coverage.

Customer-Centric Solutions

Roni Al-Dor, President and CEO of Sapiens, stated enthusiasm for the partnership, as it promises significant advantages for Sapiens' clientele. He noted, "This built-in Underwriting Advisor simplifies commercial insurance thus highlighting the substantial value Sapiens presents with its leading solutions and administration systems."

A Glimpse into Linqura's Role

Linqura stands out as a premier provider of AI and data analytics solutions, addressing major industry challenges such as premium leakage and knowledge gaps. Their cutting-edge platform equips insurance professionals for improved performance and growth. Linqura is evolving the commercial insurance process, enabling smarter sales, underwriting, and risk management strategies.

Understanding Sapiens International Corporation

As a pioneer in intelligent insurance software, Sapiens International Corporation (NASDAQ: SPNS) delivers SaaS-based solutions globally. This enables insurers to thrive in a fast-paced market through operational excellence. Sapiens' software helps them integrate AI and automation into core operations, spanning property, casualty, and life insurance sectors amongst others.

Commitment to Innovation

With a broad global footprint, Sapiens serves over 600 customers across 30 countries. Their status within industry circles is notable, having been recognized in the Microsoft Top 100 Partner program. This commitment to innovation supports their mission to enable clients on their transformative journeys.

Frequently Asked Questions

What does the partnership between Sapiens and Linqura entail?

The partnership seeks to provide insurers with innovative tools and resources to enhance their underwriting processes, ultimately driving profitability and efficiency.

How will this partnership benefit Sapiens clients?

Clients will gain access to advanced underwriting capabilities, ensuring better assessment and pricing of risks through innovative AI-driven insights.

What is Linqura's role in insurance?

Linqura provides AI-based intelligence and analytics, helping to optimize performance in underwriting and sales for the commercial insurance industry.

What is Sapiens known for?

Sapiens is recognized for its intelligent SaaS solutions for the insurance sector, focusing on operational excellence and supporting a variety of insurance lines.

How does Sapiens maintain its innovative edge?

Through continuous investment in technology, partnerships, and a commitment to customer success, Sapiens ensures it stays at the forefront of the insurance technology landscape.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

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