HOLON, Israel, Oct. 19, 2020 /PRNewswire/ -- Sapiens Americas, a
wholly owned subsidiary of Sapiens International
Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global
provider of software solutions for the insurance industry,
announced today that Sapiens has won Celent's XCelent award in the
'Breadth of Functionality' category in North America for Sapiens UnderwritingPro
for Life & Annuities. This marks the eleventh XCelent award
Sapiens has received to date.
"Insurers who are looking for a full-featured new business and
underwriting system that functions equally well standalone or as
part of a suite will find that Sapiens UnderwritingPro meets their
requirements," wrote Celent analyst Karen
Monks in the report. "Sapiens UnderwritingPro is the
original of the modern underwriting engines, initially introduced
in 1995. It has earned its spot among the top new business and
underwriting systems through continual enhancement with new
features, interfaces and capabilities, which have been guided by a
very active user group."
Sapiens UnderwritingPro is a cloud-ready solution that provides
excellence in automated underwriting of life, health and annuity
policies, as well as new business case management. The robust
digital solution facilitates the drive, intensified by COVID-19,
for insurers to move toward "fluidless" underwriting experiences
with minimal or no human intervention. Sapiens UnderwritingPro
provides data-driven, automated underwriting and a strong
underwriter workbench for cases that require special attention.
Research and consulting firm Celent analyzed 14 new business and
underwriting systems available for use by, or being marketed
for, North American life, health and annuities product carriers.
The findings were published in Celent's recent
report: "New Business and Underwriting Systems: North American
Life Insurance Edition."
Sapiens has been a pioneer in new business and underwriting
technology, which has been in our DNA for 25 years. Our extensive
experience enables us to leverage best practices, combined with the
latest technologies and digital business requirements demanded by
our customers.
Many of the leading life and annuity carriers in North America are using Sapiens
UnderwritingPro to automate their processes and enable true quick
time to decision, quick time to issue and expertly manage
risk.
Regarding features, the Celent analyst wrote, "UnderwritingPro
has the full array of expected case management and underwriting
features. It provides end-to-end functionality for the underwriting
process: not in good order cases; requirements and evidence orders
and fulfillment; predefined interfaces for evidence providers; case
management, business, underwriting and workflow rules; roles
definition; amendments and other than applied for communication;
delivery requirements tracking; underwriter decision support; case
management notes; and underwriting notes. The underwriting notes
and case notes have been upgraded to a new panel that is always
available by "pulling" it from the right side of the screen."
"We are honored to once again receive an XCelent award," said
Roni Al-Dor, Sapiens president and
CEO. "We are investing heavily to continue to provide innovative
technology for North American providers and to ensure that we are
equipping our customers with the most modern and functionally rich
solutions. We appreciate Celent continuing to provide such in-depth
research, which enables Sapiens to better understand insurers' top
priorities and challenges in North
America."
To download the report, CLICK HERE.
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.
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Media Contact
Alex Zukerman,
CMO and Chief of Strategy, Sapiens
+972 546 724 910
alex.zukerman@sapiens.com
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content:http://www.prnewswire.com/news-releases/sapiens-wins-celents-north-america-xcelent-award-for-new-business-and-underwriting-functionality-in-life-insurance-301154731.html
SOURCE Sapiens International Corporation