Sapiens core solutions for P&C enables Charlee™ to leverage AI and ML through unlimited data sources, minimizing loss ratios and fraud and enabling insurers to proactively detect fraud and litigation propensity
Sapiens International Corporation, a leading global provider of software solutions for the insurance industry, announced that Charlee, a cloud-based SaaS provider of AI and machine learning (ML) solutions for Property and Casualty insurers, has partnered with Sapiens to enrich and expand its intelligent insights through all data types, including internal, external, structured and unstructured.
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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. Sapiens CoreSuite for Property & Casualty provides Charlee a deeper, more intuitive understanding of information, empowering them with significant technology benefits for their proprietary AI engine (insights & predictive analytics) for insurance. Sapiens CoreSuite for P&C enables Charlee™ to seamlessly and instantly detect high cost and litigation propensity patterns in customer claims, as well as other insights for underwriting and fraud. Partnered with Charlee™, Sapiens’ proven solution provides customers with the cutting edge of litigation avoidance, unlimited data sources, insurance domain focus and prebuilt insights.
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“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. We continue to expand our partnerships to provide new business capabilities to accelerate the P&C digital transformation,” said Jamie Yoder, Sapiens North America President & General Manager. “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.”
“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,” said Sri Ramaswamy, CEO, Charlee.
Sapiens CoreSuite for P&C is an agile, modular, end-to-end solution that supports advanced automation capabilities and facilitates digital transformation.
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