DigitalOwl and Sapiens Announce New Partnership, Empowering Underwriters with Completely Digital Medical Records
November 09 2022 - 9:00AM
Business Wire
Today, DigitalOwl, a company that specializes in utilizing
technology to interpret and transform medical records into a
completely digital, comprehensive and interactive abstract, and
Sapiens International Corporation (NASDAQ and TASE: SPNS), a
leading global provider of software solutions for the insurance
industry, announced a partnership to help the companies remain on
the leading edge of the digital transformation within the insurance
industry.
“Partnering with Sapiens, an industry leader that possesses over
40 years of experience, reaffirms our commitment to empowering
underwriters within the life insurance industry,” said Christian
Vance, Sales Director, Channels and Partnerships at DigitalOwl.
“Together, we can help transform digital underwriting by leveraging
access to unstructured data while improving the underwriting and
decision-making process through automation.”
DigitalOwl’s Digital Underwriting Abstract (DUA) allows records
to be digitized in hours versus days, greatly reducing time spent
scanning hundreds – or possibly thousands – of pages in a medical
record. The latest version of the abstract is evidence of their
commitment to continually making improvements to the technology
solution.
By highlighting typical factors to underwrite for preferred
class or healthy lifestyle factors, key impairments, and a full
summary on an impairment level with all supporting medical data,
underwriters gain the tools they need to quickly make a sound
determination on how to best proceed. This unique, streamlined
solution, combined with the ability to provide a machine-readable
file for ingestions in underwriting models, establishes a solid
means for unstructured data to become a cornerstone piece in
building a true digital underwriting platform.
“DigitalOwl’s advanced technology solution allows for faster
time-to-market and greater efficiencies within the insurance
industry,” said Sapiens Propositions, Ecosystem & Alliances
Manager Amanda Ingram. “Their revolutionary process in transforming
medical records will help our clients solve real-world issues in
the insurance market by providing the ability to assess the
customer more efficiently and effectively. Equally as important,
their technology allows us to easily adapt to the changes within
our industry, which happen frequently as more data is made
available.”
About DigitalOwl
DigitalOwl offers an innovative technology solution for
analyzing and summarizing medical records for the insurance
industry. The company has introduced the first and only machine
learning platform that interprets medical records and assists
underwriters and claim adjusters in their work. A deep
understanding of the medical text creates a focused set of medical
data points in a robust, meaningfully summarized format. Data is
arranged chronologically, allowing the user to search and filter
information by medical condition, date, body system and more. The
complete history is contained within a few pages rather than
hundreds, allowing clients to speed up their medical records review
process and free up their talented resources to focus more time on
critical activities. For more information about DigitalOwl, visit
www.digitalowl.com.
About Sapiens International Corporation
Sapiens International Corporation (NASDAQ and TASE: SPNS)
empowers the financial sector, with a focus on insurance, to
transform and become digital, innovative, and agile. Backed by more
than 40 years of industry expertise, Sapiens offers a complete
insurance platform, with pre-integrated, low-code solutions and a
cloud-first approach that accelerates customers’ digital
transformation. Serving over 600 customers in 30 countries, Sapiens
offers insurers across property and casualty, workers’ compensation
and life markets the most comprehensive set of solutions, from core
to complementary, including Reinsurance, Financial &
Compliance, Data & Analytics, Digital, and Decision Management.
For more information visit https://sapiens.com or follow them on
LinkedIn.
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version on businesswire.com: https://www.businesswire.com/news/home/20221109005243/en/
Sean Allen (DigitalOwl) SVP, Sales and Marketing 919.407.0609
sean@digitalowl.com
Tally Kaplan Porat Corporate Marketing Director, +972 52
2455708 tally.kaplanporat@sapiens.com
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