Sapiens Worldwide, an Israel-headquartered developer of software program options for the insurance coverage business, has launched an up to date model of its automated underwriting and new enterprise case administration system for all times and annuities insurers.
Dubbed UnderwritingPro v14, the providing is geared toward bolstering operational effectivity, communication and AI-driven capabilities.
The corporate leveraged consumer suggestions to develop UnderwritingPro v14.
New options embrace AI integration to assist underwriting selections by way of predictive analytics and data-driven insights to enhance pace and precision.
A brand new agent communication portal can also be included within the new providing, designed to simplify interactions between brokers and underwriters.
Sapiens president and CEO Roni Al-Dor mentioned: “Our new model of UnderwritingPro displays Sapiens’ strategic dedication to innovation and steady growth pushed by business traits, and enter from our consumer neighborhood.
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“This newest launch takes automated underwriting to the subsequent degree by integrating AI and supplies instruments that empower insurers to ship quicker, smarter and extra correct underwriting selections.”
The brand new model builds on Sapiens’ current capabilities in automating underwriting selections with user-configurable guidelines and an underwriter workbench.
It additionally has options that make it simpler to regulate and handle underwriting guidelines, together with work merchandise configuration for customisable workflow administration and improved deployment processes to assist rule migration throughout totally different environments.
In August final yr, Sapiens’ reinsurance automation instrument, Sapiens ReinsurancePro, was adopted by US-based area of interest insurance coverage supplier Society Insurance coverage to automate its reinsurance processes.
The corporate serves over 600 prospects throughout greater than 30 nations with its software-as-a-service choices.
Sapiens introduced the supply of its options within the Microsoft Azure market in January, enabling prospects to entry them on the Azure cloud platform.
