A major provider of software solutions for the insurance industry across the globe, Sapiens International Corporation recently released two new modules in Sapience CoreSuite to support digital document management and producer management. This will help extend the functionality of the latest version of Sapiens CoreSuite for Property and Casualty, release 9.7 for carriers who want to offer better customer experiences.
What is Sapiens CoreSuite for Property and Casualty?
It is a joint platform of three fully integrated, yet individual modules – policy, billing, and claims. This helps meet the requirements of North American carriers. Imaging, business intelligence, reinsurance, workflow, document management, and many such components also form part of the Sapience CoreSuite for Property and Casualty.
The newly-added document management module offers cloud-based electronic document/imaging storage and retrieval to carriers, while the producer management module provides them with an extremely configurable solution for performing multiple tasks. They can now manager producer licensing, commissions, terms and conditions, and agency hierarchies, all from the same platform. Additionally, some of the other functions included in release 9.7 of Sapiens CoreSuite for Property and Casualty include:
- UX theming and enhancements across task assignments for better user experience.
- Enhanced competencies for authorized users to manage security rights and access.
- Location clearance for clients to help them view additional properties and policies already insured within geographic coordinates or a given radius of an address.
- Configuration of a product group to help clients develop their underwriting capabilities in general.
John Pettit, chief of product and strategy, P&C, North America, Sapiens expressed pride at the extension of the core capabilities of the platform. He believed that the added functionality integrated across the complete suite will offer carriers with an end-to-end solution to only achieve their business goals, while providing their users with unmatched customer experience.