Sapiens Unveils Cutting-Edge Underwriting Solution Enhanced by AI and Automation

Sapiens International Corporation, a prominent provider of software solutions tailored for the insurance industry, has recently announced the launch of its most advanced underwriting solution, Sapiens UnderwritingPro v14. This new iteration promises to revolutionize the underwriting process for life and annuity insurers with its innovative use of automation and artificial intelligence.

The upgrades in UnderwritingPro v14 signal a significant evolution in functionality and technical capabilities, focusing on increasing operational efficiency and enabling better communication among agents and underwriters. By integrating the latest advancements in digital technology and responding to user feedback, Sapiens aims to cater to the dynamic needs of the insurance sector.

Among the standout features of this release is the incorporation of AI, which enhances underwriting through predictive analytics and intelligent insights. These aspects facilitate quicker and more precise decision-making processes, a critical factor in the fast-paced insurance environment. The introduction of a new agent communication portal is another game-changing feature that streamlines interactions between agents and underwriters. This portal is designed to empower agents to serve clients with improved speed and knowledge, thereby enhancing the overall customer service experience.

Moreover, UnderwritingPro v14 maintains the robust capabilities of its predecessor, with an emphasis on automating underwriting decisions through user-configurable rules. This refined system allows underwriters to manage workloads more effectively and provides customizable workflow management solutions. Features like work item configuration are optimized to make the management of underwriting rules simpler and more efficient.

Roni Al-Dor, the President and CEO of Sapiens, emphasized the company's dedication to continuous innovation in their latest release, stating, “Our new version of UnderwritingPro reflects Sapiens' strategic commitment to innovation and continuous development driven by industry trends and input from our user community.” He further remarked that this update elevates automated underwriting to new heights through AI integration while offering tools that empower insurers to make faster and more informed decisions.

Sapiens UnderwritingPro is aimed at various sectors, including life, health, and annuities insurers. The versatility of this automated system aids in expediting decisions, streamlining the underwriting process, and reducing turnaround times—all while also boosting operational accuracy. The user experience remains a cornerstone of Sapiens' design philosophy, ensuring that clients get an intuitive and effective platform.

With a global presence serving over 600 clients in more than 30 countries, Sapiens is recognized as a leader in intelligent insurance software solutions. The company’s mission is to empower insurers by leveraging AI and advanced automation to develop core solutions for various insurance domains, from property and casualty to financial compliance and data analytics. Sapiens is consistently innovating and pushing the envelope, striving to support clients throughout their transformation journeys.

For those interested in learning more about Sapiens and its innovative offerings, further information can be found by visiting their official website at Sapiens. Additionally, Sapiens actively engages with its community via platforms such as LinkedIn, where they share insights and updates on their latest technological advancements.

In summary, the introduction of UnderwritingPro v14 underscores Sapiens International Corporation's commitment to integrating cutting-edge technology within the insurance sector, promoting operational efficiency, and transforming customer interactions through intelligent software solutions.