The selection will empower the Canadian insurance services
provider to implement underwriting strategies quickly and more
effectively, and generate more meaningful data
HOLON, Israel, Aug. 26, 2020 /PRNewswire/ -- Sapiens
Americas, a wholly owned subsidiary of Sapiens International
Corporation, (NASDAQ: SPNS) and (TASE: SPNS), a leading global
provider of software solutions for the insurance industry,
announced today that Western Financial Group ("Western") has
selected Sapiens PolicyPro for Property & Casualty.
The Canadian insurance services provider sought a modern
solution that could solve challenges in their quote to issuance
process and allow delivery of their white-labeled products
enterprise-wide. Western also sought direct integration to their
broker management system so that their underwriters could continue
to use that system in a productive and streamlined manner.
Sapiens PolicyPro for Property & Casualty is a modular,
scalable and configurable quote, submission and policy management
system. PolicyPro is used by agents, underwriters and customers to
quote, issue, and administer policies, including integration with
third-party systems.
The speed to market, flexibility and adaptability generated by
PolicyPro are expected to empower Western to implement underwriting
strategies quickly and more effectively. The solution will also
generate more meaningful data to help guide business decisions.
"Sapiens PolicyPro for Property & Casualty will help us
improve our customer experience by streamlining and enhancing the
underwriting process, making it easier for our staff to build
underwritten products," said Mark
Dutton, senior regional vice president of National Insurance
Operations, Western Financial Group. "By obtaining the ability to
offer white label products and enhance our business model, Western
plans to continue on our path of growth and differentiate ourselves
in the marketplace."
"The power of PolicyPro will allow us to have all of our sales
operations running on a single platform, with all of our broker
system data, as well as broker system and carrier operations, in
PolicyPro," said Shawna Fancy,
Director of underwriting, National Insurance Operations, Western
Financial Group. "Sapiens' proven history of timely delivery was an
important factor in our selection and we look forward to
embarking on the first phase, which will involve implementing
personal habitational line products."
"We are excited to partner with Western in the strategic North
American market," said Roni Al-Dor,
president & CEO, Sapiens. "Sapiens PolicyPro's modularity and
ability to integrate with external systems has played a large role
in its attractiveness to insurance carriers pursuing a best of
breed strategy."
In the future, Western plans to leverage Sapiens PolicyPro to
expand further with commercial and other specialty
products.
PolicyPro provides comprehensive policy lifecycle support for
all P&C lines of business. It offers support for internal
users, as well as agent and direct-to-consumer channels. It
provides role-based processing, quick quotes and full application
data capture flows, as well as configured, straight-through
processing. Complete quote, issue, bind and service functionality
includes "what-if?" scenario-building. PolicyPro is a module
of the Sapiens CoreSuite for P&C Insurance platform which
offers many other modules.
About Western Financial Group
Western Financial Group
is a diversified insurance services company that is focused on
creating security and has provided over one million Canadians the
right protection for more than 100 years. Headquartered in
High River, Alberta, Western
provides personal and business insurance through 180 locations, its
affiliates and a variety of connected channels, with an engaged
team of approximately 1,800 people. For more information, please
visit westernfinancialgroup.ca.
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 & casualty, life, pension & annuity,
reinsurance, financial & 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.
Logo: http://mma.prnewswire.com/media/585787/Sapiens_Logo.jpg
Media Contact
Alex
Zukerman
CMO and Chief of Strategy, Sapiens
+972 546 724 910
alex.zukerman@sapiens.com