(Image source: Atidot website.)
Sapiens International Corporation, (Holon, Israel), a global provider of software solutions to the insurance industry, has announced an agreement with Atidot, a cloud-based SaaS provider of AI and machine learning solutions for life and annuity insurers. Through integrating Atidot’s technology with Sapiens CoreSuite for Life Insurance, Sapiens IllustrationPro, as well as Sapiens’ analytics and digital offering, the partnership facilitates new ways for North American and European insurers to generate revenue through analytics and actionable insights, according to a Sapiens statement.
“Sapiens constantly aims to mine new technologies and provide state-of-the-art solutions for its customer base, and also adds value through an extensive ecosystem of InsurTech startups,” comments Roni Al-Dor, president and CEO, Sapiens. “Integrating Atidot’s AI and predictive analytics platform with our core suite of products enables life insurers to improve profitability and provide better service to their customers.”
Founded by a team of data scientists and veteran actuaries, Atidot offers a cloud-based platform that provides data-driven insights to inform decision making, drive new business strategies, and create new revenue streams using AI, machine learning predictive analytics technology. Atidot works with leading Tier 1 life insurance companies in North America and Europe.
Enhancing Profitability and Personalization
“We are excited to partner with Sapiens to enable customers to move forward to the data era. Atidot brings disruptive innovation to the life insurance industry, providing a platform that will help enhance profitability and personalization of policies and take a proactive approach to risk reduction,” comments Dror Katzav, Atidot Co-Founder & CEO.
Sapiens describes its integrated solution with Atidot as dynamic, real time and trained with industry data. The joint platform leverages external data and machine learning capabilities to provide business insights far beyond those that traditional analysis methods using static modeling are able to show, according to the vendor. Sapiens says the solution is relevant to organizations’ marketing, distribution, product and data departments.