Sapiens Recognized for Outstanding Software Solutions Excellence
Sapiens UnderwritingPro Achieves Recognition for Excellence
Sapiens International Corporation has once again made waves in the insurance industry with its advanced UnderwritingPro solution. Renowned for driving efficiency and automation, the software provides comprehensive functionality that benefits insurers across various sectors.
Honored with the XCelent Award
Recently, Sapiens UnderwritingPro for Life & Annuities received the prestigious 2024 XCelent award, particularly honored in the Customer Base and Support categories. This award marks an impressive third consecutive accolade from Celent, a respected research and consulting firm known for evaluating insurance solutions.
Celent assessed numerous new business and automated underwriting (NBUW) systems, analyzing a total of 20 different solutions. The firm employed its Technical Capability Matrix to review the technology sophistication and functionality of these systems. Thanks to a thorough analysis alongside customer feedback, Sapiens emerged as a shining example with its performance recorded as superior in customer support.
Key Features Highlighted
CEO and President of Sapiens, Roni Al-Dor, emphasized the importance of this recognition, stating, "This award acknowledges Sapiens' commitment to delivering exceptional solutions that empower insurers to streamline processes and achieve superior outcomes." UnderwritingPro is crafted with a focus on innovation and operational excellence, aimed at enhancing client underwriting capabilities.
Innovative Functionalities
According to the latest Celent report, a standout feature of UnderwritingPro includes its end-to-end case management and underwriting functionalities. One exciting addition is the direct messaging option within the system that allows underwriters to interact seamlessly with agents, adding case notes, and requesting necessary documents, all of which are accessible on the agents' dashboard.
Enhanced Rules Engine
Furthermore, Sapiens has invested significantly in enhancing its Underwriting Rules Engine. The revised engine allows improved search capabilities and offers a user-friendly interface, which makes configuration much more straightforward for clients. Notably, many users manage rules independently, demonstrating Sapiens' focus on empowering their clientele with accessible tools.
Strengthening Underwriting Processes
UnderwritingPro's robust client base highlights its strength as a go-to solution for new business and underwriting challenges, regarded as essential for any insurer's toolkit. The blend of traditional and evolving alternative data sources ensures innovative risk analysis and seamless automated underwriting processes.
About Sapiens International Corporation
Sapiens International Corporation (NASDAQ: SPNS) is a front-runner in intelligent insurance software solutions. With a commitment to operational excellence, Sapiens offers a durable platform that empowers insurers to adapt in an ever-changing market. Servicing over 600 customers across more than 30 nations, Sapiens champions the use of AI and automation in core solutions covering property and casualty, life insurance, reinsurance, and more.
Sapiens distinguishes itself with its global presence, continuous innovation, and commitment to customer partnership throughout their transformation journey.
Frequently Asked Questions
What is the Sapiens UnderwritingPro solution?
UnderwritingPro is a web-based, automated underwriting solution designed to streamline the underwriting process and enhance the customer experience.
What award did Sapiens recently receive?
Sapiens received the 2024 XCelent award for their UnderwritingPro solution, recognizing excellence in customer base and support.
How does UnderwritingPro enhance efficiency for insurers?
The UnderwritingPro solution features advanced automation and comprehensive functionalities to streamline underwriting processes and improve productivity.
What notable features does UnderwritingPro offer?
Key features include direct messaging with agents, end-to-end case management, and an enhanced rules engine for improved configuration and usability.
Who is Sapiens International Corporation?
Sapiens is a global leader in intelligent insurance software and provides innovative solutions to insurers worldwide, promoting operational excellence through cutting-edge technology.
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