The core system of the future will address a variety of decision-making needs, allowing employees to focus on strategic work versus more administrative tasks, driving better outcomes for insurers and policyholders alike.
Developed within 12 months, the fully digital, cloud-based platform supports dental PPO and HMO, critical illness, and accident products within a simplified and convenient customer journey.
The insurer cites the Sapiens system’s configurability and the ability to achieve self-sufficiency as key to its selection decision.
The cloud deployment solution in the cloud will give WILMIC greater access to its core processing data, as well as cost savings and data security.
The new approach is directed towards creating speed to value, engaging with industry expertise and emerging a cloud technology leader, according to the vendor.
The insurer moved the vendor’s Policy and Billing solutions to the SaaS option and has also committed to implementing the entire Duck Creek Suite via the On-Demand alternative.
The funds of the extended round will be used to execute on the higher than planned global demand for Slice Insurance Cloud Services (ICS).
The insurer chose the solution to enable market disruption through rapid deployment and configurability, influenced by a successful deployment at another Church Mutual subsidiary.
Within two months of announcing its relationship with Slice, the insurer has launched its first digital product for hosts using homesharing platforms such as Airbnb, HomeAway and VRBO.
Rapid implementation, improved customer experience, and reduced operating costs were factors in the insurer’s decision to use FAST as a foundation for digital transformation.