The automotive risk specialty insurer’s Sapiens IDIT-based modernization project will include policy administration, billing and collection, agent and commission management and claims management, fully replacing the carrier’s legacy environment.
The new, pre-configured version of the Sapiens IDITSuite core insurance solution is designed to enable insurers to go-live in just a few months and quickly launch new offerings.
Among enhancements to Sapiens IDIT 14.1 is an enhanced workflow engine that utilizes internal, pre-integrated services, according to the vendor.
Hiscox plans to migrate all of its global retail insurance business to the Sapiens IDIT platform, so it can benefit from a single, unified platform.
MLOZ has achieved improved efficiencies in dental product management, significantly reduced maintenance costs, and quick development and deployment of new products.
The London-based provider of general insurance products to healthcare professionals anticipates enhanced process efficiency, reduced expenses for case handling, increased member satisfaction, and improved visibility and control, according to a vendor statement.
The deal, valued at over $10 million, expands an existing relationship whereby Sapiens manages the multiline insurer’s life-and-pension and reinsurance lines of business.
The full insurance suite’s richer feature set will reinforce the vendor’s position in the marketplace, as insurers reward the strong technology and functionality with new deals, according to Celent analyst Craig Beattie.
The new version offers users what the vendor calls a complete picture of all tasks in the system from a central location, enhancing usability, and increasing efficiency and speed to market across digital processes and channels.
The Auto & General Southeast Asia brand found Sapiens’ flagship suite suited to supporting its “digitally led” business, characterized by highly customizable products.