Sapiens International Corporation Partners with Major Insurer
Sapiens International Corporation Partners with Major Insurer
Sapiens International Corporation (NASDAQ: SPNS), a frontrunner in software solutions for the insurance industry, has forged a significant partnership with a prominent U.S. multi-line insurer. This agreement signifies that the insurer has chosen the Sapiens Insurance Platform for Life & Annuities, encapsulating powerful components such as Sapiens CoreSuite and Sapiens DataSuite, as well as their advanced Cloud Services.
Accelerating Digital Transformation in Insurance
For almost a decade, the insurer's life business has relied on Sapiens UnderwritingPro. The transition to Sapiens Insurance Platform is projected to further catalyze their digital transformation. With the dynamic capabilities of CoreSuite's high-performing APIs, the integration will foster the development of a new internal digital layer, significantly enhancing their customer acquisition strategy.
Benefits of the Sapiens Insurance Platform
By embracing Sapiens, the insurer is set to leverage a highly configurable solution that not only enhances product agility but also simplifies operations, empowering them to quickly adapt to the fluid demands of the market. The seamless integration of Sapiens CoreSuite for Life & Annuities, along with DataSuite and Cloud Services, will equip the insurer with insightful data analysis on agent and customer behavior, which is essential for predictive analytics and maintaining strong business relationships.
Building Trust Through Innovation
Roni Al-Dor, President and CEO of Sapiens, acknowledges the trust established with this client throughout the years, stating: "By leveraging Sapiens' end-to-end, digital insurance platform, they can achieve full autonomy in managing their operations, boosting efficiency, and enhancing the experience for both agents and customers." This partnership underlines Sapiens' commitment to equipping insurers with the tools necessary for navigating a rapidly evolving insurance landscape.
Powerful Solutions for the Insurance Sector
The Sapiens Insurance Platform is distinguished as an AI-based, open, integrated solution that facilitates rapid adoption while delivering sustainable value. This empowers insurers to grow, modernize, and optimize operations across the full spectrum of the insurance value chain.
Comprehensive Coverage with CoreSuite
CoreSuite for Life & Annuities stands as a unified software solution that streamlines underwriting, policy management, billing, and claims processes, accelerating transformation for all lines of Life & Annuities business.
Data Management and Insights
Sapiens DataSuite is a robust data management tool that enables insurers to extract actionable insights, maximizing the inherent value of their data. This modular and innovative business intelligence solution is tailored specifically for the insurance sector.
Cloud Services for Enhanced Business Growth
Sapiens Cloud Services are designed to foster business growth through elastic scalability and a comprehensive range of valuable cloud services that encompass all operations and application management tasks.
About Sapiens International Corporation
Sapiens (NASDAQ and TASE: SPNS) has established itself as a global leader in intelligent, SaaS-based software solutions for the insurance industry. The company's comprehensive platform and customer-focused partnerships empower insurers to adapt and thrive amidst changing market demands. Sapiens' solutions utilize the potential of AI and advanced automation to enhance core insurance functionalities across diverse sectors, including property, casualty, and life insurance. With a longstanding global presence, Sapiens proudly serves over 600 clients in more than 30 countries, recognized for its innovative approach and commitment to driving client success.
Frequently Asked Questions
What is the Sapiens Insurance Platform?
The Sapiens Insurance Platform is an AI-based solution designed to enhance digital transformation and operational efficiency for insurers.
How long has the insurer relied on Sapiens solutions?
The insurer has utilized Sapiens UnderwritingPro for nearly a decade before expanding to the Sapiens Insurance Platform.
What are the key components of the Sapiens Insurance Platform?
Key components include CoreSuite for Life & Annuities, Sapiens DataSuite, and Sapiens Cloud Services.
How does Sapiens help insurers adapt to market demands?
Sapiens offers highly configurable solutions that streamline operations, empowering insurers to quickly respond to evolving market demands.
What accolades has Sapiens received for its solutions?
Sapiens has been recognized as a Microsoft Top 100 Partner and continues to innovate in the SaaS insurance space.
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