Sapiens

Sapiens is a provider of software solutions for the insurance industry, with a growing presence in the financial services sector. They offer end-to-end solutions to the general insurance, property and casualty, life, pension and annuities, reinsurance, and retirement markets, as well as business decision management software.

Sapiens International enhances CoreSuite with new performance upgrades for North American P&C insurers

InsurTech: Infrastructure

Providers of general, yet comprehensive, end-to-end solutions for insurance companies, covering various aspects of their operations. This includes core systems for policy administration, underwriting, claims processing, billing, and customer relationship management

Specialized platforms that offer lead generation and management services and tools for insurance providers. Tools can include telemarketing, internet, and social media lead generation, referrals, and lead analytics

Underwriting platforms that evaluate risks related to life insurance, health insurance, and related products such as disability and critical illness coverage. They may utilize medical underwriting criteria, genetic information, lifestyle factors, and demographic data to assess applicants' insurability

Platforms that specialize in assessing risks associated with property and casualty insurance, including home, auto, commercial property, and liability coverage. They may incorporate data sources such as property valuations, historical claims data, telematics, and weather patterns to evaluate risk factors accurately

Specialized platforms that streamline and automate claims processing workflows, from initial claim submission to settlement. They may offer software for claims intake, adjudication, fraud detection, and communication with policyholders and third-party service providers

Policy administration systems that focus on managing policy lifecycle activities, including policy issuance, endorsements, renewals, and cancellations. They provide insurers with tools to configure and manage policy rules, coverage options, and premium calculations. Platforms can also have additional functions for commission and performance tracking

Reinsurance technology providers offer a range of innovative tools and services to support reinsurers in managing their operations, assessing risks, and optimizing their reinsurance strategies. These solutions may include advanced analytics, catastrophe modeling, risk assessment tools, portfolio management systems, and underwriting platforms specifically designed for the reinsurance industry

INCUMBENTS_PRESENT

PROMINENT_CATEGORY

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 <p>Sapiens introduces its new Sapiens Insurance Platform. The AI-oriented, integrated, and cloud-native platform caters to all insurance processes.</p>
 <p>This platform incorporates digital engagement, data intelligence, core business processing solutions, machine learning, and GenAI capabilities. This offers users an integrated platform with easy setup and fast execution.</p>
 
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Sapiens

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