Overview of Sapiens P&C and General Insurance Software
Sapiens IDIT is a component-based software solution suite, designed for the non-life General Insurance market. It enables Property & Casualty/General Insurance carriers, managing general agents (MGAs) and insurance brokers to meet critical and long-term business goals via traditional insurance, direct insurance, bancassurance and brokers.
Sapiens IDIT is designed with growth and change in mind, with extensive multi-company, multi-branding, multi-currency and multi-lingual capabilities. Sapiens IDIT management system is built on open technology and can be used on desktops, laptops, tablets and smartphones.
An enhanced workflow engine in Sapiens IDIT utilizes internal, pre-integrated services. A consumer, agent or back-office user can now more easily comply with regulations requiring a signed customer document – for example, flagging and escalating a policy lacking a signature and automatically cancelling if a signature isn’t received within a defined period of time.
Backed by Sapiens’ 30+ years of unmatched delivery expertise and global presence, Sapiens IDIT’s field-proven, modular components support all core operations of personal, commercial and specialty lines of business – from inception, through renewal and claims (for all types of P&C/general insurance, car insurance and health insurance).
Figure 6 positions each vendor along two dimensions: the vertical axis displaying the relative rankings for Advanced Technology and the horizontal axis showing relative Breadth of Functionality rankings. The XCelent Advanced Technology and the XCelent Breadth of Functionality award goes to Sapiens.