(Image source: Sapiens homepage.)
Sapiens International Corporation, (Holon, Israel), a global provider of software solutions for the insurance industry, has launched its new AI-based Sapiens Decision Automated Logic Extraction (ALE) solution. The vendor says the solution introduces a groundbreaking approach for insurance carriers’ digital transformation. The solution automatically extracts business logic from legacy systems at scale without disruption, reduced performance, or loss in functionality. ALE is technology agnostic and enables seamless, accelerated transformation projects and legacy system upgrades, a Sapiens statement says.
Legacy business logic is extracted and transformed through ALE to decision models for ongoing management in Sapiens Decision Manager where gaps, overlaps, and conflicts are automatically identified thereby reducing risk and rework, according to the vendor. With robust governance and auditability, decision models are auto generated to code and available as a service for use across an organization’s applications Sapiens says. The result, the vendor continues, is that carriers can now eliminate the inevitable accumulation of technical debt associated with trying to manage business logic in code.
Halving Project Costs
“Top insurance carrier deployments have demonstrated operational and transformation benefits with cost savings of up to 50 percent of the total project cost,” comments Jamie Yoder, President, Sapiens North America. “Sapiens Decision ALE enables seamless insurance digital transformation from legacy systems to any digital platform. The insurance industry is in for a big change.”
Sapiens says the ALE solution enables CIOs and their business partners to regain clarity and control of legacy business logic that’s been updated over the years, thereby establishing a single-point-of-truth. This provides business and IT users with a centralized business logic repository that ensures a new standard of consistency and accuracy across the organization, the vendor says.