Sapiens Launches ALIS Fast Track Proposition for U.K. Protection Market

Fast Track is a pre-configured offering from the vendor’s Sapiens ALIS software suite, that can be deployed rapidly on-premise or via the cloud.

(Photo credit: Luca Barni.)

Sapiens International Corporation has launched the Sapiens ALIS Fast Track proposition for Europe. The Holon, Israel-based core system vendor describes Fast Track as an agile, pre-configured offering from the vendor’s Sapiens ALIS software suite, which supports the complete policy lifecycle across a wide variety of life, pension and investment products.

With Fast Track, insurers can accelerate implementation and achieve cost savings, in the cloud or on-premise, according to Sapiens. Implemented faster than traditional platforms, Fast Track supports the rapid deployment of new products, using best-of-breed product templates for quick configuration, the vendor asserts.

“To stay competitive, UK insurers need to become more agile by designing and launching simpler, more personalized products faster,” comments Raj Ghuman, regional VP, sales and operations, Sapiens. “Fast Track—with its functional and rich protection product coverage, embedded best practice processes and cloud-based deployment approach—is a ‘ready-to-go’ platform.”

Fast Track removes many of the traditional barriers for protection providers and offers them the agility and flexibility to better engage and empower both their partners and consumers, according to Ghuman. “A functionally-rich proposition, it also delivers an omni-channel capability, enabling protection providers to more effectively engage with customers across channels,” he adds.

Scalable and Cost-Effective

The platform can be deployed in several months, is scalable and cost-effective,  and can be deployed in the cloud or on-premise to best match a company’s target operating model and fit the business case for new digital initiatives, Sapiens reports.

“We rolled out Fast Track to protection providers, due to their burning need to enhance their business propositions,” comments Alex Zukerman, VP, product marketing and strategy, Sapiens. “This is the first step in offering Fast Track methodology across Sapiens ALIS’ multiple lines of business to maximize the potential value to our customers.”

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 [email protected] or (503) 936-2803.

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