Sapiens Americas, a wholly owned subsidiary of Sapiens International Corporation, a leading global provider of software solutions for the insurance industry, announced that Sapiens has won Celent’s XCelent award in the ‘Breadth of Functionality’ category in North America for Sapiens UnderwritingPro for Life & Annuities. This marks the eleventh XCelent award Sapiens has received to date.
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“Insurers who are looking for a full-featured new business and underwriting system that functions equally well standalone or as part of a suite will find that Sapiens UnderwritingPro meets their requirements,” wrote Celent analyst Karen Monks in the report. “Sapiens UnderwritingPro is the original of the modern underwriting engines, initially introduced in 1995. It has earned its spot among the top new business and underwriting systems through continual enhancement with new features, interfaces and capabilities, which have been guided by a very active user group.”
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Sapiens UnderwritingPro is a cloud-ready solution that provides excellence in automated underwriting of life, health and annuity policies, as well as new business case management. The robust digital solution facilitates the drive, intensified by COVID-19, for insurers to move toward “fluidless” underwriting experiences with minimal or no human intervention. UnderwritingPro provides data-driven, automated underwriting and a strong underwriter workbench for cases that require special attention.
Research and consulting firm Celent analyzed 14 new business and underwriting systems available for use by, or being marketed for, North American life, health and annuities product carriers. The findings were published in Celent’s recent report: “New Business and Underwriting Systems: North American Life Insurance Edition.”
Sapiens has been a pioneer in new business and underwriting technology, which has been in our DNA for 25 years. Our extensive experience enables us to leverage best practices, combined with the latest technologies and digital business requirements demanded by our customers.
