Sapiens Partners with DataCrest to Elevate P&C Underwriting Decision-Making

The partnership unites Sapiens’ solutions and DataCrest’s AppEase platform, with the aim of accelerating operational efficiencies for P&C insurers.

(Image source: DataCrest homepage.)

Sapiens International Corporation, (Holon, Israel), a leading global provider of software solutions for the insurance industry, and DataCrest (Chesterbrook, Pa.), a provider of solutions to P&C insurers, today announced the formation of a strategic partnership to transform the application process and drive premium growth for property/casualty insurers. DataCrest’s flagship product, AppEase, is a software-free management platform with customized dynamic applications, submission workflows, status, and communications.

Tom Young, CEO, DataCrest.

The partnership unites Sapiens’ solutions and DataCrest’s AppEase platform, with the aim of accelerating operational efficiencies for P&C insurers. The collaboration will enable DataCrest to better cater to its customers’ needs and empower them to develop more leading digital experiences, to increase efficiency, revenue, and hit ratios, according to a joint statement from the companies.  Sapiens says its customers will reap many competitive advantages, including reduced sales cycles of about 80 percent by collecting apps data electronically, improved ease of business, more informed and faster decisions through analytics, removal of redundant data entry, and quicker quotes and indications.

“The collaboration between Sapiens and DataCrest promises a multitude of benefits for P&C insurers, including an advanced front-end solution designed to streamline applications/submission intake and boost efficiencies to improve underwriting decision making,” comments Tom Young, CEO, DataCrest. “With DataCrest’s expertise and Sapiens’ cutting-edge solutions, this partnership aims to redefine industry standards by increasing the ease of doing business, driving premium growth, and lowering loss ratios.”

“Strategic partnerships between the right InsurTechs and solution providers can play a crucial role in the future endeavors and achievements of today’s carriers,” comments Gayle Herbkersman. Head of North America P&C Insurance Platform Business Unit, Sapiens. “By working together, Sapiens and DataCrest can offer next-gen, cost-effective solutions to our customers while further expanding the boundaries of the insurtech revolution. DataCrest has proven to be a model partner and has shown great diligence in refining the integration of our two solutions. They have already forged valuable relationships with customers.”

BHSF Selects Sapiens SaaS Platform for Digital Transformation

Cleos Goes Live with Sapiens SCIPSuite to Seamlessly Launch New Products

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.

Leave a Comment

(required)