There are vast complexities that characterize the modern insurance market. These complexities challenge insurers seeking to increase revenues by creating efficiencies and offering relevant products to new and evolving distribution models in a digitally complex environment.
Sapiens CoreSuite for Life & Pension (formerly called Sapiens ALIS) is designed to provide excellence in the administration of insurance business, facilitate digital transformation and fast time-to-value for digital strategies, and create greater efficiency via legacy consolidation. It offers insurers:
• A single platform for individual and group business
• Transformation, enablement and execution for digital strategies
• Greater efficiency via improved automation, user experience and system consolidation
The Sapiens CoreSuite software suite supports the end-to-end administration of group and individual life, pension and investment business ‒ in a single system. The suite offers a 360-degree view of the customer from their policy administration system, across all distribution channels and communication streams.
Sapiens CoreSuite features full pre-integration to the Sapiens DigitalSuite for Life & Pension and digital capabilities have been enhanced via adaptors. This facilitates digital transformation and fast time-to-value for digital strategies. It enables life carriers to become engaged, agile organizations with increased sales opportunities. By integrating CoreSuite with our advanced analytics solution and data warehouse, we can quickly generate actionable insights, self-service business intelligence and data discovery capabilities, across all mobile devices (and in the cloud).
Existing System Consolidation
Many insurers still use systems developed decades ago that can’t support today’s regulatory changes, digital marketplace and demanding customers. Too many manual processes can lead to errors that impact customer experience. Our unique conversion approach reduces the risks involved in migrating from existing legacy systems.