Sapiens Introduces 13.0 CoreSuite for Insurance Enhancements
Enhancements in Sapiens CoreSuite for Property & Casualty
Sapiens International Corporation has made significant strides in its latest version of CoreSuite for Property & Casualty (P&C), effectively addressing the dynamic needs of the insurance sector. The recently launched version 13.0 aims to enhance operational efficiencies through an improved suite of solutions.
Key Features of the Upgraded CoreSuite
This version includes a new configurable dashboard that provides underwriters with real-time visibility into their workload, thereby streamlining their processes. This improvement has been part of Sapiens' commitment to enhancing the user experience by addressing common pain points in the underwriting process.
Significant Performance Upgrades
With extensive enhancements across their solutions, including ClaimsPro, BillingPro, and PolicyPro, these upgrades promise to improve operational workflows, boosting speed and accuracy. Users will most certainly notice the ease with which they can now navigate through the system.
Responding to Industry Challenges
Roni Al-Dor, the President and CEO of Sapiens, spoke about their responsiveness to client concerns, particularly regarding visibility in underwriting processes, the complexity of integration, and the necessity for improved risk evaluation methodologies. This agile approach enables Sapiens to effectuate smarter and more precise underwriting strategies, with a focus on reducing integration costs.
Strategic Improvements in Claims and Billing
A strategic technology upgrade in claims management enhances flexibility and efficiency, thereby minimizing operational costs while sustaining high performance. In billing functions, users benefit from streamlined payable statement creation and a new policy filter, culminating in faster navigation and processing.
AI-Driven Underwriting Tools
The incorporation of AI-powered tools is set to revolutionize how underwriting data is processed. These tools can summarize documents and provide meaningful workflows to underwriters, significantly contributing to risk quantification through comprehensive dashboards. Underwriters are equipped with a real-time view of their caseload, making it easier to assess submission quality.
Comprehensive Solution for Insurers
Sapiens CoreSuite for Property & Casualty is not just another software package; it is a fully integrated platform that caters to all aspects of P&C insurance management. This suite allows insurers to quickly adapt to changing market conditions, regulatory requirements, and evolving customer expectations, maintaining a competitive edge in the industry.
About Sapiens International Corporation
Sapiens International Corporation (NASDAQ and TASE: SPNS) stands as a global leader providing intelligent SaaS-based software solutions. Their commitment to future-proofing the insurance industry is evident through their innovative core solutions in property and casualty insurance. Serving over 600 clients across more than 30 countries, Sapiens continually focuses on operational excellence and is devoted to their clients' transformation journeys.
Contact Information for Inquiries
Investor and media inquiries can be directed to Yaffa Cohen-Ifrah, the Chief Marketing Officer and Head of Investor Relations at Sapiens. For more information, please reach out via email at Yaffa.cohen-ifrah@sapiens.com.
Frequently Asked Questions
What is the new version of Sapiens CoreSuite called?
The latest version is called CoreSuite for Property & Casualty, version 13.0.
What are the main improvements in the new CoreSuite version?
The new version includes real-time visibility dashboards, enhanced performance for claims and billing, and AI-powered underwriting tools.
Who is the CEO of Sapiens International Corporation?
Roni Al-Dor serves as the President and CEO of Sapiens.
How does Sapiens support insurance companies?
Sapiens provides software solutions that help insurers enhance operational efficiency and adapt to market changes.
Where can I find more information about Sapiens?
Additional details can be found on their official website at sapiens.com.
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