BETHLEHEM, Pennsylvania and
HOLON, Israel, Feb. 4, 2020 /PRNewswire/ -- Sapiens
International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a
leading global provider of software solutions for the insurance
industry, announced today that release 9.7 introduces two new
modules that support digital document management and producer
management, extending the functionality of Sapiens CoreSuite for
Property & Casualty.
"We are very proud to extend our core capabilities with
additional functionality that is integrated across the entire
suite," said John Pettit, Sapiens'
chief of product and strategy, P&C, North America. "From the beginning, our focus
has been to provide P&C carriers with a modern and flexible
core system solution and we continually evaluate our products based
on industry and client needs to ensure it aligns with our overall
vision. With the addition of these two new modules to our
CoreSuite, we continue to provide carriers a true end-to-end
solution that will not only achieve their business goals, but
enable them to provide an unparalleled customer experience for
their end users."
The new producer management module provides a highly
configurable solution for managing producer licensing, terms and
conditions, commissions, and agency hierarchies supporting our
client's distribution services. The new digital document management
module provides carriers with cloud-based electronic
document/imaging storage and retrieval.
In addition to the new components, release 9.7 includes feature
enhancements for all Sapiens CoreSuite for Property & Casualty
modules. A sampling of the enhanced functionality in this release
includes:
- Location clearance to view additional properties and policies
already insured within a given radius of an address or geographic
coordinates, and configuration of a product group to monitor limits
in exposure based on a specified criterion. Both enhancements allow
a client to improve their overall underwriting capabilities
- Improved capabilities for authorized users to manage security
rights and access within the system
- User experience theming and enhancements across task
assignments. This supports a better user experience and
simplification of processes across underwriters and claims
adjusters
About Sapiens CoreSuite for Property & Casualty
Sapiens CoreSuite for Property & Casualty is comprised of
three major, fully integrated yet standalone, components – policy,
billing and claims – to help North American carriers meet and
exceed today's ever-changing requirements. The Suite includes other
components, such as business intelligence, imaging, workflow,
document management, reinsurance and more.
Purpose-built for the P&C market, carriers can choose to
harness Sapiens' end-to-end, cloud based P&C insurance software
with digital capabilities, or select from individual modular
components to meet their specific needs.
About Sapiens
Sapiens International Corporation empowers insurers to succeed
in an evolving industry. The company offers digital software
platforms, solutions and services for the property and casualty,
life, pension and annuity, reinsurance, financial and
compliance, workers' compensation and financial markets. With
more than 35 years of experience delivering to over 500
organizations globally, Sapiens has a proven ability to satisfy
customers' core, data and digital requirements. For more
information: www.sapiens.com.
Investor and Media Contact
Yaffa Cohen-Ifrah
Chief Marketing Officer and Head of Corporate Communications
Sapiens International
Mobile: +1-201-250-9414
Phone: +972-3-790-2026
Email: Yaffa.cohen-ifrah@sapiens.com
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SOURCE Sapiens International Corporation