15 March 2016 Insurance

Sapiens launches new software for P&C and GI customers

Sapiens, the global provider of software solutions for the insurance industry, has launched its Sapiens IDIT Software Suite v13.1 to its property and casualty (P&C)/general insurance (GI) customers and business partners worldwide.

Sapiens IDIT v13.1's portal and mobile platforms are designed to help users increase productivity and speed to market. The productivity tools ease integration and accelerate deployment, allowing customers to fully utilise digital channels.

The new "My Task List" feature in Sapiens IDIT v13.1 provides a personalised approach for users, who can easily view all tasks in the system, with the ability to drill-down to task details and directly execute actions from this central location. The feature is complemented by the pre-configured, built-in workflow capabilities, offering users and managers strong governance of operations.

The product also has a new data dictionary editor, allowing non-technical users to easily define simple and complex data dictionary elements.

In addition to an ergonomic user interface and an intuitive user experience, Sapiens IDIT v13.1 further provides a broad range of new and improved functionality, with features such as enhanced customer relationship management, improved security set-up, archiving of database content, renewal check enhancements and underwriting process changes.

Other technological enhancements include: cloud-based infrastructure for optimal total cost of ownership; rapid Dev-Ops deployment methodology for fast reaction to market changes; policy administration improvements, such as an extended discount mechanism, further control over collection dates and enhanced renewal checks; payment matching thresholds specific to method of payment; and significant improvements and additions to catastrophe claims handling

It also provides a risk object simulator that will reduce testing time for product definition/changes and rule builder enhancements with improved search options, snapshot feature and updated user interface.

"Version 13.1 was shaped by user feedback and innovation to provide our clients with a competitive advantage," said Liana Gelikas, president of Sapiens' P&C/GI and reinsurance division.

"Version 13.1 offers an enhanced level of usability, which will increase organizational efficiency for non-life insurers, and perhaps equally important, allow our customers to better serve their respective direct and broker-driven digital markets."

Roni Al-Dor, president and chief executive officer of Sapiens, added: "Sapiens continues to invest in the IDIT Software Suite. With our insurance domain expertise and undisputed commitment to innovation, we are always working to increase the business value we deliver to our customers and partners.”

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