Medical Insurance Software Solution
Medical Insurance is one of the most active business sectors for insurance carriers today. With so many types of policies and programmes, constantly shifting markets and an ecosystem full of flux (regulations, epidemics and diseases, vendors/partners/co-opetition…), insurance carriers need every tool possible to stay ahead in the game.
Sapiens has focused our developmental and integration efforts to provide advanced, user-friendly and cost-effective solutions to relate to this sector, and provide our customers with tools that both help them stay ahead, and also to more easily differentiate themselves from the other players on the board.
The areas we found ripest for this are the underwriting process and medical policy administration tools.
Underwriting
The Medirisk underwriting decision-support system that rapidly and easily analyses a broad scope of medical, pharmacological, cultural and demographic data to produce a highly accurate score for each policy applicant. This speeds up the underwriting process, makes it more accurate, and ultimately leads to more profitable policy generation. More on Medirisk underwriting for Medical Insurance
Policy Administration
An intuitive, more advanced method to deal with policies and related data, by organising it all into dossiers. Dossiers provide a vastly improved management approach that streamlines workflow and operations, avoids mistakes, gives policy holders, agents and operations staff much more flexibility, and sensibly automates processes. Read more on Policy Administration for Medical Insurance
Together, these provide insurance companies the critical tools needed to keep their health insurance business healthy.
