HOLON, Israel, Jan. 21, 2021 /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 IllustrationPro has won Celent's XCelent awards for
both the Advanced Technology and Breadth of Functionality
categories. This recognition follows the recent win of Sapiens
UnderwritingPro for Life & Annuities in the Breadth of
Functionality category for New Business and Underwriting Systems,
North America.
![Sapiens logo Sapiens logo](http://mma.prnewswire.com/media/585787/Sapiens_Logo.jpg)
"Sapiens has made significant investments in IllustrationPro,
culminating in a product with robust functionality and efficient
usability," wrote Celent analyst Keith
Raymond in the report. "Sapiens IllustrationPro v5, released
in September 2020, includes a full
UI/UX technology refresh, providing a completely new and satisfying
user experience. The technology upgrade and product enhancements
also provide a fully responsive UI. This latest release is Sapiens'
first phase of a multiphase road map to bring additional digital
features and functions."
Sapiens IllustrationPro for Life & Annuities is a
cloud-based, point-of-sale illustration and quoting solution,
offering a fully responsive, modern and intuitive user experience
for both the life and annuities as well as health markets.
ACORD®-compliant, it offers straight-through processing,
from point-of-sale to application e-submission and is supported by
a needs analysis suite. IllustrationPro's calculation engine
handles complex product illustrations and multichannel
distribution, enabling carriers to serve multiple marketing
segments with a single deployment.
Research and advisory firm Celent analyzed 10 illustration
systems and determined awards based on the Celent ABCD Vendor View,
a resource for identifying premier technology solutions serving the
insurance and financial industries. "The effect of the pandemic has
resulted in insurers looking to accelerate full automation of their
sales tools due to the new virtual work force and customer base.
Celent expects the need for acceleration will move many digital
sales–oriented investments to the top of a life insurer's
investment list for 2021. When considering this new highly
virtualized world, investments in sales technology such as
illustrations need to be smart, with a goal of maximizing
virtualization, agent/customer experience and value," said
Keith Raymond.
"We are honored to receive two XCelent awards," said
Roni Al-Dor, Sapiens president and
CEO. "We are committed to providing innovative technology with
cutting edge capabilities for the life insurance industry and
empowering our customers with the most modern and functionally rich
solutions. We appreciate Celent's industry leading, in-depth
research, which enables Sapiens to better understand insurers' top
priorities and challenges."
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 more than 550 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