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Sapiens Introduces Game-Changing Multi-Company Features for StatementPro

In a significant move aimed at boosting efficiency within the insurance sector, Sapiens International Corporation has rolled out upgraded multi-company functionalities for its StatementPro software. With this recent enhancement, insurers will find it easier than ever to manage statutory reporting across multiple entities, ultimately leading to increased productivity and reduced administrative burdens.

On April 8, 2025, Sapiens announced the integration of StatementPro Multi-Company Operations (MCO), a feature specifically designed to facilitate the reporting process for insurance companies that operate within tightly regulated environments. As over half of the entities reported to the National Association of Insurance Commissioners (NAIC) belong to larger corporate groups, the ability to effectively manage multiple filings has never been more critical.

Streamlined Reporting with Innovative Features

Before the introduction of MCO, insurers were often forced to engage in a time-consuming cycle of printing, importing, exporting, and attaching schedules for each entity involved. This repetitive process detracted from overall efficiency and led to an increased likelihood of errors. The new capabilities within StatementPro MCO address these issues head-on.

One of the standout features of this upgrade is the Filing Period Setup Wizard. This tool enables users to create and schedule statements across multiple companies in a single operation, drastically reducing the time spent on each filing. Instead of navigating through the usual multi-step processes, insurance professionals can save countless hours, with potential yearly productivity gains that can equate to weeks of staff time reclaimed.

User-Friendly Experience

Sapiens has focused on making user experience a priority with StatementPro MCO. The solution is designed to be intuitive, meaning new users can hit the ground running without extensive training requirements. This ease of use not only minimizes operational disruption but also ensures that regulatory compliance is met with precision.

In an industry where mergers and acquisitions are commonplace, the need for a robust reporting system that can adapt to growing complexities is paramount. Sapiens’ President and CEO, Roni Al-Dor, noted the critical importance of optimizing reporting capabilities as the insurance landscape continues to evolve. “With only a few months to complete annual statements, StatementPro MCO is essential for insurers looking to meet internal and regulatory deadlines efficiently,