Sapiens Suite for Property & Casualty
The insurance industry is at a crossroads, under pressure to meet heightened needs of intermediaries and customers who have grown to expect information and answers at Internet speed. Add to this increased competition, legislative and regulatory requirements, tight market conditions and escalating operational costs, and the complex challenges insurance organizations face today loom larger and more compelling.
A software solution designed specifically to meet these needs and to function effectively in the new insurance dynamics for the future is vital for the insurance carrier to manage his playing field effectively and to keep ahead of the competition.
The Sapiens suite for Property & Casualty is a function-rich P&C policy administration solution that significantly improves business productivity for carriers, supporting underwriting and operational services for brokers and agents and in turn motivating additional premium to your company. This web-enabled solution reduces the cost of doing business via automation and optimizes risk selection through the use of rule-based underwriting. The Sapiens Property & Casualty suite is designed to improve internal efficiencies by automating policy lifecycle processes and by allowing business analysts to quickly respond to changing rate and regulation issues.
With a thought to streamlining processes and expenses, INSIGHT™ for Property and Casualty makes u
se of reusable objects across policies and products, and features an innovative and powerful rating engine.
The solution also provides a powerful Product Configurator to facilitate the rapid development and launch of new products to keep pace with competitive pressures and market opportunities. This enables your company to cross-sell additional products to existing customers and to improve customer service by enabling your company to transform into a customer-centric business from an operation based on product-centric silos.
Solution Advantages
- Easier to conduct business with customers, while providing superior service to brokers and agents
- Improved responsiveness to rate and regulation opportunities
- Improved productivity of internal users e.g. underwriters
- Increased cost efficiency, particularly in IT, by replacing excessive and outdated systems
- Modular solution, readily integrating with active systems to protect investment
