Property & Casualty

Sapiens Platform for Property and Casualty

As new insurtech floods the global property and casualty (P&C) market, savvy customers demand quick, personalised, digital service. Insurers’ systems must be able to interface with various elements in the diverse insurance ecosystem (such as chatbots and machine learning), while supporting regulatory changes and digitalising all aspects of their business for increased customer engagement and retention.

Our Platform

The Sapiens Platform for Property & Casualty is an end-to-end, cloud-based platform with advanced digital capabilities. It can be implemented as a pre-integrated platform, or as standalone modules. The platform addresses all P&C carrier needs across all lines of business and distribution channels, offering a wealth of digital features.

Core
Sapiens IDITSuite for Property & Casualty is comprised of the Sapiens PolicyMaster for Property & Casualty (formally IDIT Policy), which manages the full policy administration lifecycle from initial quote, through rating and policy issuance; Sapiens BillingMaster for Property & Casualty (formally IDIT Billing), which ensures that premiums are collected, claims payments are made, and agent commission payments and receipts are managed accurately; and Sapiens ClaimsMaster for Property & Casualty (formally IDIT Claims), which controls claims management handling and the settlement process. It also includes a reinsurance solution.

Data
Sapiens Intelligence for Property & Casualty is Sapiens’ innovative business intelligence solution for the P&C market. It empowers business users to easily draw business insights from raw data, via self-service analytics.

Digital
Sapiens IDITSuite is pre-integrated with Sapiens DigitalSuite for Property & Casualty, our full suite of digital offerings. DigitalSuite offers an end-to-end, holistic and seamless digital experience for agents, customers, brokers, customer groups and third-party service providers. The suite is comprised of the Sapiens DigitalHub for Property & Casualty (API Layer and Digital Studio) that enables openness and connectivity with partners; Sapiens AgentConnect for Property & Casualty (formerly Sapiens PORTAL) and Sapiens CustomerConnect for Property & Casualty (formerly Sapiens PORTAL) portal solutions, specifically designed for the P&C and additional insurance markets; and the Sapiens PartnerHub, which makes third-party technology and insurtech solutions available to insurers and their customers. DigitalSuite is cloud-based.

Sapiens partners with a wide variety of cutting-edge insurtech companies to bring our customers innovative solutions and products that are seamlessly integrated with the platform’s infrastructure services, such as security, logging, monitoring and analytics.

Business Benefits

  • The API-based platform offers seamless integration with the insurtech ecosystem, empowering insurers to fully leverage insurtech services across the value chain
  • An agile and holistic digital approach enables insurers to quickly launch digital services and offerings, supporting digital transformation and fast time-to-value for digital strategies
  • Increased automation supports P&C insurers in significantly lowering the high costs of direct, manual interactions with consumers, from brokerage to operations fees
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Contact Sapiens for more information