FINEOS says the acquisition will enable it to make the best use of machine learning across the three pillars of the FINEOS Platform: Core, Digital and Data.
Sapiens’ out-of-the box solution will streamline GCU’s sales process and help provide a superior agent and member experience.
When the process conforms to the person, retailers and insurers alike will be able to relax and know that they are not just capturing the up-and-coming generations, but like Walmart and Amazon, they are giving the best service possible to every generation.
The insurer calls the implementation a critical first step in a comprehensive modernization program, focused on the design, implementation and management of product.
The solution features easy API integration and provides flexibility across the entire customer lifecycle and the ability to easily manage different lines of business from a single system.
Haven Simple is the only life insurance product available through Waffle’s platform, which is designed to offer customers a one-stop shop for all their insurance needs with limited to no exclusions.
The acquisition expands the vendor’s product depth, growth potential while bringing domain knowledge as insurers seek voluntary benefit growth underpinned by successful digital and business transformation.
With 3,000 independent agents already offering its product to consumers, the new funding round led by Advance Venture Partners will be used to expand geographically and support continued growth.
With $145 million in total funding to date, Bestow says it will launch innovative products, scale platform services, and accelerate growth into new distribution channels and partnerships.
The startup says its AI-driven lifestyle index will be able to identify and determine the most relevant and appropriate client-base in minutes.