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Sapiens International Corporation, (Holon, Israel), a global provider of software solutions for the insurance industry, has announced that release 9.7 of the Sapiens CoreSuite for Property & Casualty introduces two new modules that support digital document management and producer management.
“We are very proud to extend our core capabilities with additional functionality that is integrated across the entire suite,” John Pettit, chief of product and strategy, P&C, North America, Sapiens. “From the beginning, our focus has been to provide P&C carriers with a modern and flexible core system solution and we continually evaluate our products based on industry and client needs to ensure it aligns with our overall vision. With the addition of these two new modules to our CoreSuite, we continue to provide carriers a true end-to-end solution that will not only achieve their business goals, but enable them to provide an unparalleled customer experience for their end users.”
Sapiens describes its new producer management module as providing a highly configurable solution for managing producer licensing, terms and conditions, commissions, and agency hierarchies supporting a client’s distribution services. The new digital document management module provides carriers with cloud-based electronic document/imaging storage and retrieval, according to the vendor.
In addition to the new components, release 9.7 includes feature enhancements for all Sapiens CoreSuite for Property & Casualty modules. A sampling of the enhanced functionality in this release includes the following as described by the vendor:
- Location clearance to view additional properties and policies already insured within a given radius of an address or geographic coordinates, and configuration of a product group to monitor limits in exposure based on a specified criterion. Both enhancements allow a client to improve their overall underwriting capabilities;
- Improved capabilities for authorized users to manage security rights and access within the system; and
- User experience theming and enhancements across task assignments. This supports a better user experience and simplification of processes across underwriters and claims adjusters.