(Photo credit: Billy Hathorn.)
SUNZ Insurance (Denver) has implemented Sapiens International Corporation’s (Holon, Israel) on CompSuite Policy, a policy administration system designed specifically for workers’ compensation, to support rating and policy issuance for its Professional Employer Organization (PEO) program, which specializes in workers’ compensation.
CompSuite Policy is a component of Sapiens subsidiary StoneRiver’s enterprise CompSuite solution, which also includes claims and managed care/bill review. Implementation of the system took less than four months, from kick-off to CompSuite production, enabling SUNZ to do the following, by Sapiens’ description:
- Issue policies automatically, generating policy page endorsements and premium accounting for 46 states;
- Support compliance reporting to Workers’ Compensation Insurance Organizations (WCPOLS);
- Seamlessly import master and multiple coordinated policies and associated payroll into CompSuite Policy; and
- Improve operational efficiencies and reduce overall costs, with CompSuite’s turnkey hosted solution designed specifically for workers’ compensation.
“We were impressed by Sapiens’ product flexibility, workers’ compensation knowledge, PEO processing capabilities and track record of successful implementations,” comments Glen Distefano, CTO, SUNZ. “Sapiens has proven to be a true partner by understanding our business, responding to our requirements, and giving us the speed-to-market necessary to achieve our business goals.”
Maximizing the Value of the Investment
“We congratulate SUNZ on the successful implementation and welcome them to the Sapiens customer family,” comments Roni Al-Dor, Sapiens’ president and CEO. “Sapiens looks forward to continuing to work with the SUNZ team to help them maximize the value of their investment and deliver on their business and customer objectives.”