(Image source: GCU website.)
GCU (Beaver, Pa.), a U.S. life and annuity carrier since 1892, has selected Sapiens’ (Holon, Israel) cloud-based Sapiens IllustrationPro as part of its digital transformation initiative.
Scott Schuetz, VP, COO, GCU.
A joint statement on GCU’s selection says the vendor’s illustration solution aligned perfectly with GCU’s affinity/member approach to the market. Sapiens stood out in the procurement process for its proven, user-friendly illustration solution that provides a transformative agent and member journey, according to the statement.
“Sapiens IllustrationPro solution will help us provide a superior agent and customer experience to support our members,” comments Scott Schuetz, VP, COO, GCU. “The intuitive and responsive point-of-sale capabilities provided by IllustrationPro will ensure our sales process is consistent and compliant, and that it meets the financial and insurance needs of our much-valued agents and members. In addition, time-to-market was critical, having a solution with a proven out of the box illustration functionality was a key success criterion.”
Competitive Advantage
Roni Al-Dor, President and CEO, Sapiens.
“Sapiens’ comprehensive, end-to-end life platform enables insurers to select the solutions that will most benefit their business,” says Roni Al-Dor, president and CEO, Sapiens. “Our industry best practices and knowledge, combined with our advanced digital life insurance software and pre-integration, reduces implementation time and speeds time-to-market. This provides the competitive advantage our clients demand. Sapiens is proud to have been chosen as a partner by GCU.”
Sapiens describes IllustrationPro for Life & Annuities as a cloud-based, point-of-sale illustration and quoting solution, offering a fully responsive, modern and intuitive user experience for both the life and annuities as well as health markets. ACORD-compliant, it offers straight-through processing, from point-of-sale to application e-submission and is supported by a needs analysis suite. IllustrationPro’s calculation engine handles complex product illustrations and multichannel distribution, enabling carriers to serve multiple marketing segments with a single deployment. Sapiens IllustrationPro recently won two Xcelent Awards for Both Advanced Technology and Breadth of Functionality.
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