Sapiens International NV Launches CoreSuite 13.0 to Transform Property & Casualty Insurance Solutions
- Sapiens International launched CoreSuite 13.0, enhancing Property & Casualty solutions for the North American insurance market.
- The upgrade includes AI-driven tools for efficient risk evaluation, billing, and underwriting processes, improving operational efficiency.
- Sapiens partnered with Encova Insurance to implement Automated Testing Services, modernizing operations and reducing regression testing time.
Sapiens International Enhances Property & Casualty Insurance Solutions with CoreSuite 13.0
Sapiens International Corporation has recently unveiled Version 13.0 of its Sapiens CoreSuite for Property & Casualty, tailored specifically for the North American insurance market. This latest iteration is part of the broader Sapiens Insurance Platform, which is distinguished by its AI-driven, open, and integrated architecture. The upgrade seeks to address persistent challenges faced by insurance providers, particularly issues related to limited visibility into underwriting processes and high integration costs. By improving the operational efficiency of key modules like ClaimsPro, BillingPro, and PolicyPro, Sapiens aims to enable insurers to navigate the complexities of the evolving insurance landscape effectively.
The enhancements incorporated in CoreSuite 13.0 are significant. CEO Roni Al-Dor stresses the necessity of smarter risk evaluation tools, which are vital for reducing integration infrastructure costs while maintaining performance. The new version introduces advanced billing capabilities that simplify the creation of payable statements, thus accelerating processing times for insurance carriers. Furthermore, the suite's AI-powered underwriting tools facilitate rapid data summarization and provide underwriters with real-time insights through a user-friendly dashboard. This capability is crucial for quantifying risk accurately, allowing insurers to adapt more swiftly to market changes and regulatory demands.
As the insurance industry continues to evolve rapidly, Sapiens’ comprehensive suite positions North American P&C insurers to respond to the shifting landscape effectively. By integrating automated decision-making, reinsurance solutions, data analytics, and digital applications, CoreSuite 13.0 not only modernizes operational capabilities but also empowers clients to meet rising customer expectations. The strategic upgrades reflect Sapiens' commitment to leveraging cutting-edge technology to enhance client operations and ensure they remain competitive in a challenging market.
In a related development, Sapiens also announces the successful implementation of its Automated Testing Services (ATS) in collaboration with Encova Insurance. This partnership aims to improve the efficiency of Encova's CoreSuite for Workers' Compensation by alleviating the burdens of time-consuming regression testing. By using Sapiens' tailored automated regression test suite, Encova anticipates significant reductions in testing time and enhanced consistency.
The integration of ATS, built on Microsoft Playwright, is expected to modernize Encova's operations further, allowing the insurer to focus its resources on strategic priorities. As Encova prepares for its upcoming software upgrade, this collaboration exemplifies Sapiens’ commitment to enhancing operational resilience and software quality for its clients in the insurance sector.