Sapiens International Corporation Unveils Advanced Version of UnderwritingPro System
Rochelle Park, N.J., February 11, 2025 – Sapiens International Corporation, a recognized leader in software solutions for the insurance industry, is thrilled to announce the latest release of its acclaimed, automated underwriting and new business case management system, Sapiens UnderwritingPro v14. This innovative solution is specifically designed for life & annuities insurers, further elevating their underwriting processes and enhancing overall operational efficiency.
Key Features and Advancements
Sapiens UnderwritingPro v14 introduces several innovative features and enhancements, allowing insurers to streamline their underwriting processes and improve their risk assessment capabilities:
- Advanced Risk Scoring: The updated system includes an advanced risk scoring engine, which utilizes machine learning algorithms to analyze applicant data, enabling insurers to make more informed decisions and offer personalized pricing.
- Automated Workflows: Sapiens UnderwritingPro v14 offers automated workflows, reducing manual intervention and minimizing errors. This leads to faster processing times and improved customer experience.
- Integrated Decisioning: The new version features integrated decisioning capabilities, enabling insurers to make real-time decisions based on applicant data and underwriting rules.
- Enhanced User Experience: Sapiens UnderwritingPro v14 offers an intuitive user interface, making it easier for underwriters to navigate and manage their workload.
Impact on Individuals
For individuals applying for life & annuities insurance, Sapiens UnderwritingPro v14 means a more personalized and efficient application process. With advanced risk scoring, they can receive more accurate pricing based on their unique risk profile. Automated workflows and integrated decisioning capabilities also lead to quicker turnaround times, allowing applicants to secure their coverage more promptly.
Global Impact
The release of Sapiens UnderwritingPro v14 is expected to have a significant impact on the global insurance market, as insurers worldwide adopt advanced technologies to streamline their underwriting processes and enhance risk assessment capabilities. This, in turn, can lead to improved operational efficiency, faster turnaround times, and increased customer satisfaction.
Conclusion
Sapiens International Corporation continues to push the boundaries of innovation in the insurance industry with the latest release of Sapiens UnderwritingPro v14. This advanced automated underwriting and new business case management system offers life & annuities insurers an unparalleled combination of features, including advanced risk scoring, automated workflows, integrated decisioning, and an enhanced user experience. The impact of this technology on individuals and the global insurance market is expected to be profound, leading to more personalized, efficient, and accurate insurance applications and underwriting processes.
