Sapiens Integrates with Charlee to Provide Insurers with Intelligent Insights

Charlee will leverage AI and ML through unlimited data sources, minimizing loss ratios and fraud and enabling insurers to proactively detect fraud and litigation propensity.

(Image source: Charlee homepage.)

Sapiens International Corporation (Holon, Israel), a global provider of software solutions for the insurance industry, has announced its partnership with Charlee (Pleasanton, Calif.), a cloud-based SaaS provider of AI and machine learning (ML) solutions for property/casualty insurers. Through the partnership, the Charlie AI engine for insurance will be integrated with Sapiens’ CoreSuite for P&C.

Jamie Yoder, President and General Manager, Sapiens North America.

Charlee supports claim and underwriting processes with predictive models and insights via natural language processing (NLP) understanding of documents and data attached to the policy/claim.

“Integrating Charlee AI engine for insurance with Sapiens CoreSuite for P&C provides our clients with the ability to take their claims and underwriting process to the next level,” comments Jamie Yoder, President & General Manager, Sapiens North America. We continue to expand our partnerships to provide new business capabilities to accelerate the P&C digital transformation. Charlee joins Sapiens’ expansive partner ecosystem, through which we have a strategic imperative to constantly search for the latest innovations and empower our customers with the most innovative capabilities.”

Sapiens describes its CoreSuite for P&C as an agile, modular, end-to-end solution that supports advanced automation capabilities and facilitates digital transformation.

“Partnering with Sapiens is an exciting opportunity for Charlee to enable our AI engine to deliver actionable insights and predictions focused on insurance, through Sapiens industry leading CoreSuite for P&C platform,” comments Sri Ramaswamy, CEO, Charlee.

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Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at AnthODonnell@IIReporter.com or (503) 936-2803.

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