RALEIGH, North Carolina and
HOLON, Israel, April 23, 2020 /PRNewswire/ -- Sapiens
International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a
leading global provider of software solutions for the insurance
industry, has announced a new version of Sapiens UnderwritingPro
for Life & Annuities.
Version 11, which is available now over the cloud and provides
the latest set of product advancements, including a new reinsurance
interface to facilitate data transmission and enhanced underwriter
notes capabilities. UnderwritingPro is an award-winning, web-based
new business and automated underwriting system that drives
straight-through automation, streamlining the entire new business
process from application receipt through coverage approval,
providing an efficient and consistent automated underwriting
solution.
"The Sapiens UnderwritingPro user group was instrumental in
guiding many of the enhancements in this latest version and several
Sapiens clients already committed to installing version 11," said
David Pidgeon, head of Sapiens Life
& Annuity business unit for North
America. "We look forward to providing this new version to
our existing clients and prospective customers looking for the most
feature-rich and functionally superior underwriting system
available."
Sapiens UnderwritingPro for Life & Annuities possesses new
functionality, including:
- A new reinsurance interface to facilitate data transmission to
the carrier's reinsurers
- Enhanced underwriter notes, for a simple and complete audit
trail of the decisioning process
- Annuity suitability, to ensure fiduciary responsibility
- MIB coding improvements that speed up and ease the underwriters
process
- Information banner enhancements to present an at-a-glance user
experience
Additionally, numerous improvements to the user experience were
implemented in version 11, including greater configurability and
security advances.
Sapiens UnderwritingPro for Life & Annuities is a web-based
solution for automated underwriting and new business case
management that is part of Sapiens CoreSuite for Life &
Annuities. It speeds new business processes for insurance carriers
and their channels, offering an intuitive user interface with
critical updates and task assignments provided on a real-time
dashboard. Sapiens UnderwritingPro enables underwriters and case
managers to work on multiple cases simultaneously.
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.
Media Contact:
Alex
Zukerman
CMO and Chief of Strategy, Sapiens
+972 546 724 910
alex.zukerman@sapiens.com
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SOURCE Sapiens International Corporation