Sapiens Partners with Linqura to Enhance Underwriting Efficiency
Sapiens Partners with Linqura to Enhance Underwriting Efficiency
This strategic alliance aims to empower P&C insurers to efficiently scale their business insurance portfolios in a dynamic market.
Sapiens International Corporation (NASDAQ: SPNS), a frontrunner in intelligent SaaS-based software solutions, recently announced an exciting strategic partnership with Linqura, a leading provider of cutting-edge sales and underwriting intelligence aimed at the commercial insurance sector.
This collaboration is designed to provide Sapiens' clients with a comprehensive Underwriting Advisor that will navigate the complexities of commercial insurance, ultimately ensuring profitable risk selection and sustainable growth. Both Sapiens and Linqura are dedicated to transforming the commercial insurance landscape through innovation and enhanced operational efficiency.
Mark Stender, CEO of Linqura, expressed enthusiasm about this partnership, stating, "We are thrilled and honored to count Sapiens as our strategic partner. Sapiens brings a remarkable suite of products along with extensive policy administration depth and capabilities. We are confident that our unique agentic-AI platform, data, and algorithms will integrate seamlessly into Sapiens' offerings, empowering underwriters to specialize in each account and drive exceptional growth potential."
Through this partnership, Sapiens integrates seamlessly with Linqura to incorporate secure, embedded AI-driven underwriting insights right into the Sapiens PolicyPro platform, which is used for property and casualty (P&C) policy administration. This groundbreaking integration offers several significant benefits:
Precision Risk Decision-Making
With access to hundreds of data points regarding different businesses in the U.S., underwriters are equipped with vital information about risks, exposures, expected causes of loss, and necessary coverage for each business. This wealth of data significantly enhances risk decision-making efficiency.
Instant Access to Expertise
Linqura's comprehensive NAICS code classification system, encompassing over 1,100 classifications, alongside real-time coverage recommendations, allows underwriters to become experts on various risks and insurance requirements.
Boosted Pricing Confidence
The extensive data access empowers underwriters to choose and price the best risks, ensuring that each client receives the appropriate coverage necessary for their unique situations.
Roni Al-Dor, Sapiens' President and CEO, commented on the collaboration's potential for growth, stating, "This partnership will significantly benefit our customers by equipping them with a built-in Underwriting Advisor that simplifies the commercial insurance process. We are grateful that Linqura recognizes the value offered by Sapiens through our leading products and policy administration strengths."
About Linqura
Linqura stands as the premier provider of artificial intelligence and data analytics solutions specifically tailored for the commercial insurance sector. Their innovative platform addresses prominent challenges such as premium leakage, operational friction, and knowledge deficits within the industry. By empowering insurance professionals with advanced tools for risk classification, risk assessment, coverage analysis, and lead generation, Linqura is revolutionizing how commercial insurance is acquired, sold, and managed.
About Sapiens
Sapiens International Corporation (NASDAQ and TASE: SPNS) offers leading-edge solutions for intelligent insurance through a robust SaaS-based platform. Their customer-centric partnerships and rich ecosystem enable insurers to prepare for future challenges in an ever-evolving marketplace. Sapiens provides advanced automation and AI capabilities that support essential functions for various insurance sectors, including property and casualty, life insurance, and reinsurance. With a substantial presence in over 30 countries, serving more than 600 customers globally, Sapiens continues to innovate to ensure the success of its clients.
Frequently Asked Questions
What is the main goal of the partnership between Sapiens and Linqura?
The partnership aims to provide P&C insurers with better tools and insights for underwriting and risk assessment, enhancing operational efficiency in the commercial insurance sector.
How does Linqura contribute to Sapiens' offerings?
Linqura provides advanced AI-driven underwriting insights and data analytics that integrate with Sapiens' PolicyPro platform, enhancing decision-making capabilities for underwriters.
What benefits will customers experience from this partnership?
Customers will gain access to comprehensive underwriting support, improved risk assessment tools, and efficient guidance during the commercial insurance process.
What makes Sapiens a leading force in the insurance software market?
Sapiens combines a vast suite of innovative products with a strong commitment to customer partnerships and continuous improvement, making it a trusted provider in the industry.
Where can I find more information about Sapiens and Linqura?
For further details, you can visit Sapiens at their official website or through their LinkedIn page, as well as learn more about Linqura on their platform.
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