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Sapiens International Corporation, (Holon, Israel), a global provider of insurance software solutions for, has announced the general availability of the Sapiens ALIS 8 policy administration suite (Sapiens ALIS) for life insurance companies worldwide. The new version of the ALIS suite features enhanced group functionality, improved investment features and new digital capabilities, including ecosystem connectivity. ALIS 8 also includes a set of new DevOps tools for greater usability and automation, and a configuration tool for rapidly launching products to market.
ALIS 8’s enhanced group module is designed to flexibly and speedily handle changes in membership. The group module also possesses dashboards that display summary information for groups, as well as process monitoring.
Sapiens reports that ALIS 8 is pre-integrated with the full Sapiens Digital Suite and with digital capabilities enhanced via adaptors. The suite contains Sapiens Intelligence for Life and Annuities, including predictive analytics capabilities.
The vendor has introduced a new set of DevOps tools to shorten and ease ongoing activities and maintenance of ALIS, as well as to provide an advanced environment for rapid and seamless deployments, real-time system monitoring and automated testing.
The tools enable installation of the Sapiens ALIS suite in its entirety via a single click; comprehensive logging and monitoring utilizing common, open-source platforms and a framework for the simple setup of test cases; and an established insurance testing library, according to the vendor’s announcement.
Greater Product Speed-to-Market
The new version’s Smart Suite tool supports greater speed-to-market via preconfigured product libraries and a best practices-based implementation, leveraging Sapiens’ experience across multiple geographies. The featured best practices, methodologies and business processes is designed to enable seamless collaboration with customers and simplified modifications.
ACT, the new configuration tool in Sapiens ALIS 8, is designed to empower insurers’ business users to rapidly launch products and propositions to the market. The vendor asserts that carriers can agilely create products and quickly define their business processes, to best suit a rapidly changing market.
“Our innovative DevOps tools have taken the already user-friendly Sapiens ALIS suite to the next level of intuitive design,” comments Alex Zukerman, head of corporate strategy, Sapiens. “Business users will benefit from a simple and yet powerful experience, and ACT will allow insurers to speedily get new products to market.”
“I would like to thank the Sapiens employees who worked tirelessly to make Sapiens ALIS 8 a reality,” comments Roni Al-Dor, Sapiens president and CEO. “This new version is a result of the helpful customer feedback we received during user forums and customer site visits. We will continue to invest in improving Sapiens ALIS, one of our flagship products.”