Latest new products from Sapiens;
Sapiens International Corporation (NASDAQ and TASE: SPNS), a leading global provider of software solutions for the insurance industry, has announced the latest release of Sapiens IllustrationPro and Sapiens ApplicationPro, which deliver cutting-edge enhancements designed to meet the evolving needs of insurers. Driven by industry trends and direct user feedback, the updates provide greater automation, risk intelligence, and operational efficiency to transform how agents and advisors illustrate policies to applicants, manage business users, and integrate with underwriting and sales platforms, optimizing the agent/advisor experience.
As part of the new release, Sapiens IllustrationPro for Life & Annuities – a recipient of Celent’s prestigious Luminary Award and two XCelent Awards – takes illustration capabilities to the next level. This update provides insurers with unprecedented flexibility, control, and intelligence in managing illustrations and integrating with underwriting and sales platforms. Advanced solve capabilities allow for greater customization of premium and face amount searches, and a powerful new Report Editor enables effortless modifications to reports without IT intervention. Enhanced APIs and deep-linking functionality streamline workflows, ensuring a seamless and connected experience for agents and advisors.
With the latest release of ApplicationPro for Life & Annuities, insurers benefit from a more streamlined, compliant, and user-friendly process that enhances automation, risk assessment, and policy change management. New features such as Manager Review for oversight and compliance, AI-driven risk detection, and seamless API integrations empower insurers to accelerate underwriting, reduce errors, and improve agent efficiency. The upgraded user management interface simplifies administration, eliminating manual configurations and offering real-time access to application data.
“By continuously evolving our solutions, we enable insurers to meet market demands with agility, efficiency, and confidence,” said Roni Al-Dor, President and CEO of Sapiens. “The latest releases of IllustrationPro and ApplicationPro reinforce our commitment to innovation, providing insurers with the tools to drive superior agent and customer experiences while optimizing their operations.”
Both solutions are now available, empowering insurers to modernize their digital ecosystems and enhance operational performance.
Sapiens IllustrationPro is an award-winning, cloud-based illustration and quoting solution that delivers a fast, intuitive experience for advisors. Powered by a robust calculation engine, it supports complex new business and in-force illustrations with a library of more than 4,500 calculations for life, health, and annuity insurance.
Sapiens ApplicationPro is an award-winning, web-based eApp solution available as a modular, standalone system or seamlessly integrated with Sapiens Insurance Platform. It enhances efficiency by reducing time-to-issue, eliminating Not in Good Order (NIGO) applications, and lowering policy acquisition costs.
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