The new update will provide insurers with multiple functional and performance improvements, as well as enhanced security features too.
Version 12.0, part of the AI-based Sapiens Insurance Platform, is designed to improve data consistency for AI readiness and streamline billing, policy administration as well as claims processing.
The product is designed to help insurers adapt swiftly to market shifts and regulatory changes, the software further enhances customer experiences and operational automation.
On top of this, the update also increases the functionality of Sapiens’ formula capabilities, syncing efficiently with Sapiens ClaimsPro for Property & Casualty, Sapiens PolicyPro, and Sapiens BillingPro.
Some of the improvements to ClaimsPro includes the introduction of reporting tables to allow near real-time reporting augmented deductible tracking capabilities, extended notes capabilities for sent or received correspondence, as well as enhanced Hi-Marley™ text support for when a case is reassigned.
Sapiens have confirmed that the update will be available to all North American CoreSuite P&C customers.
Roni Al-Dor, Sapiens President and CEO, commented: “This latest release accelerates the pace of innovation and value delivery to our customers. We’ve improved the consistency of our data, to help insurers leap the hurdles of data migration and ensure their data is consistent and AI-ready. The value-added enhancements of the new version reflect our long-term strategy to leverage corporate investments in support of our customers.”
