Sapiens Debuts Full Life Insurance Transformation Suite at 2017 Life Insurance Conference

The core-to-digital suite is pre-integrated and modular, and can be installed as part of a complete transformation initiative, or implemented as standalone components.

Source: Sapiens. (Click to enlarge.)

(Photo credit: Bill Dickinson.)

Sapiens International Corporation (Holon, Israel) has debuted its full Life Insurance Transformation Suite, now available for life and annuity carriers, today at LOMA’s 2017 Life Insurance Conference in Orlando, Florida. The vendor says the Suite of pre-integrated modules is the fruit of its strategic initiatives, including an increased investment in the company’s digital vision and enhancing group support in Sapiens ALIS, as well as the recent acquisition of StoneRiver.

Alex Zukerman, VP, Product marketing and Strategy, Sapiens.

Alex Zukerman, VP, Product marketing and Strategy, Sapiens.

The vendor describes the new offering as uniting the digital—systems of engagement, touching consumers and distribution; with data—systems of insight, turning data into actionable insights; and core capabilities—systems of record, supporting the full policy lifecycle, across multiple lines of business in life, savings, AD&D, disability and annuities, for individual, group, worksite and employee benefits. Sapiens Life Insurance Transformation Suite consists of the following, by the vendor’s description:

Digital and data analytics offerings, including customer and agent portals, advanced analytics and customer engagement solutions;

Sales and New Business Platform, consisting of eApp, illustration, underwriting and needs analysis; and

Sapiens ALIS core policy administration solution, which supports individual and group business, including employee benefits in a single system.

“By seamlessly integrating the Sapiens Digital Suite, Sapiens New Business Platform and the Sapiens ALIS core policy administration system, Sapiens can enable life and annuity providers in North America and around the world to fully digitalize their business, increase automation and agility, and transform into data-driven organizations,” comments Alex Zukerman, VP, product marketing and strategy for Sapiens’ Life and Retirement division. “Sapiens has combined best of breed and pre-integrated approaches, so that our customers benefit from the best technology seamlessly functioning together and supporting every aspect of their life and annuity business.”

Roni Al-dor, President and CEO, Sapiens.

Roni Al-dor, President and CEO, Sapiens.

Unique in Breadth and Depth

“Sapiens is pleased to present the North American life and annuity market with an offering that is unique in both its breadth and depth,” comments Roni Al-Dor, Sapiens’ president and CEO. “The introduction of the Sapiens Life Insurance Transformation Suite is just the latest in our ongoing efforts to continue to strengthen our North American leadership position and best support our customers in the region.”

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Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For over a decade he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at AnthODonnell@IIReporter.com or (503) 936-2803.

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