HOLON, Israel, Dec. 7, 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, has announced the
availability of a new version of Sapiens IllustrationPro and
Sapiens ApplicationPro. The new release significantly increases
value for insurers through faster time to market, reduced total
cost of ownership, and importantly, enhanced digital experience and
usability, all of which are key differentiators in the current
market.
Sapiens IllustrationPro for Life & Annuities is a
point-of-sale solution that processes quotes and illustrations
quickly and accurately based on the input of customized criteria.
Fully responsive and able to run on any device, IllustrationPro
strengthens relationships and speeds the sales process.
ApplicationPro enables experienced and new agents alike to
simply and easily input information required by using wizard–based,
self-directed navigation. Being integrated with IllustrationPro,
all the information is carried forward into the application, and
the agent doesn't need to rekey it, which greatly reduces the
chance of errors and facilitates a digital straight-through
processing operation. With the new release, these two integrated
modules enable agents and brokers to more quickly enter the
information required and more easily illustrate the data to
consumers.
ApplicationPro offers self-sufficient home office
maintenance, through fully configurable, reflexive question
handling. The solution enables home office to easily create
questions and responses, and quickly react to and adjust to changes
in the application and underwriting decisions. The upgraded,
reflexive question framework captures more information and guides
the agent through the process. Questions are streamlined to drill
down to more specific follow-up questions, most often regarding
medical conditions.
"Sapiens is a longstanding provider of Life & Annuities
solutions, with over 40 customers in the US and Canada alone," said David Pidgeon, Sapiens Head of Life &
Annuity, North America.
"Integrating these two independent modules is a huge value
proposition, and the open architecture makes it easy to integrate
into insurers' digital environment and provide a holistic digital
experience to customers."
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.
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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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SOURCE Sapiens International Corporation