Software helps companies adapt to varying market conditions.
Press Release Summary:
Using business rules, INSIGHT(TM) for Policy v3.0 handles multi-company, multi-state, multi-currency, and all policy life-cycle transactions - including automated out-of-sequence processing. Web-enabled policy administration facilitates adaptation to changing economic and industry conditions. Along with multilingual UI, it features data warehouse extraction module, automatic integration with active directory, and authorization module that automates underwriting/authorization process.
Original Press Release:
Sapiens Releases Version 3.0 of Sapiens INSIGHT(TM) for Policy
Version Includes Multi-Lingual Support, Data Warehouse Extraction and Other Major Enhancements
CARY, North Carolina, July 25 -- Sapiens International Corporation N.V. (NASDAQ: SPNS and TASE: SPNS) a member of the Emblaze/Formula Group (LSE:BLZ.L) (NASDAQ: FORTY and TASE: FORT), today announced the release of Sapiens INSIGHT(TM) for Policy version 3.0.
This latest release includes multi-lingual support with a dynamic User Interface displaying screens in the end-user's preferred language; a data warehouse extract module allowing easy access to the INSIGHT data; major enhancements to Sapiens INSIGHT's Product Configurator and Rating Engine for ease of use and increased functionality; an authorization module that automates the underwriting and authorization process to provide straight through processing; and automatic integration with active directory for user security.
"We are constantly striving to improve our product's look and feel and functionality to better serve our customers' needs. This new version continues to make the Policy module more interactive and easy to use. The added functionality will extend security capabilities and will allow users to easily consolidate and load raw data into a central structure for advanced analytics and reporting," said Martin Greenberg, Vice President and Product Manager at Sapiens.
A recent 2007 report from Celent states that "Sapiens is one of a relatively small number of systems available to those carriers looking for a browser-based solution for both personal and commercial lines. Its platform and database flexibility and use of tools and rules should help the system to land on a fair number of short lists for these types of engagements. The attractive front end will also win over some business users."
"We are continuing to invest in our products to ensure that we are providing a product that leads the market and offers significant advantages to the users" said Roni Al-Dor, President & CEO at Sapiens.
Sapiens INSIGHT(TM) for Policy is a fully web-enabled policy administration solution designed to help companies adapt to agility with changing economic and industry market conditions. It handles multi-company, multi-state, multi-currency and all policy life-cycle transactions, including automated out-of-sequence processing. Using powerful business rules technology, Sapiens INSIGHT(TM) for Policy gives insurers a competitive edge and the tools they need to respond quickly to business challenges including speed to market, increasing customer demands, globalization and regulatory change. Sapiens INSIGHT(TM) for Policy is a module of the Sapiens INSIGHT(TM) for Policy & Casualty Insurance administration suite which also contains Billing, Claims and Reinsurance modules.
About Sapiens International
Sapiens International Corporation N.V. (NASDAQ: SPNS and TASE: SPNS), a member of Formula Group (NASDAQ: FORTY and TASE: FORT), which is a member of the Emblaze Group (LSE: BLZ.L) is a leading global provider of proven software solutions that modernize business processes and enable insurance organizations to adapt quickly to change. Sapiens' innovative solutions are widely recognized for their ability to cost-effectively align IT with the business demands for speed, flexibility and efficiency. Sapiens operates through its subsidiaries in North America, the United Kingdom, EMEA and Asia Pacific, and has partnerships with market leaders such as IBM and EDS. Sapiens' clients include AXA, Liverpool Victoria, Menora-Mivtachim, Norwich Union, Occidental Fire & Casualty, OneBeacon, Principal Financial Group, Prudential, Santam, and Texas Farm Bureau among others.
For more information, please visit www.sapiens.com.
For Additional Information:
Archana Patel
Marketing Communications Coordinator
Sapiens Americas
+1-919-405-1507
usa@sapiens.com
