Sapiens is a leading global provider of software solutions for the insurance
industry. Our extensive expertise is reflected in our innovative software platforms,
solutions and services for providers of property and casualty/general insurance
(P&C), and life, pension and annuity (L&A) insurance, as well as our
full digital suite, which facilitates an innovative, holistic and seamless digital
experience for agents, customers and assorted insurance personnel, across multiple
devices and technologies Our offerings enable our customers to effectively manage
their core business functions, including policy administration, claims management
and billing, and support them during their journey to becoming a digital insurer.
Sapiens also supplies a complete offering for reinsurance providers and a decision
management platform for a variety of financial services providers that enables
our customers to quickly deploy business logic and comply with policies and
regulations across their organizations.
Our platforms possess modern, modular architecture and are digital-driven.
They empower customers to respond to the rapidly changing insurance market and
increasing regulatory changes, while improving the efficiency of their core
operations. These enhancements increase revenue and reduce costs.
Life, Pension and Annuities Platforms/Solutions – comprehensive software
platform and solutions for the management of a diversified range of products
for life, pension and annuities. Our portfolio includes Sapiens ALIS, LifeSuite,
Life Portraits, LifeApply, Sapiens INSIGHT and Sapiens Closed Books.
Property and Casualty/General Insurance Platforms/Solutions – comprehensive
software platforms and solutions supporting a broad range of business lines,
including personal, commercial and specialty lines, and workers’ compensation.
Our portfolio includes Sapiens IDIT, Adaptik Policy, Adaptik Billing, Stream
Claim, Sapiens Stingray, PowerSuite and CompSuite.
Digital Engagement – a digital insurance suite that provides an enablement
platform that digitalizes insurance carriers’ business and helps them
transform. It is comprised of a set of integrative offerings, including: advanced
analytics, a customer-centric portal for consumers and agents, an API layer
for seamless integration with the insurtech ecosystem, accompanied by a strong
cloud proposition.
We also offer consulting – process analysis, business process automation,
project management, performance optimization, etc. – and services, such
as information system development and various implementation methodologies.
In sum, we provide an end-to-end, holistic and seamless digital experience for
agents, customers and assorted insurance personnel.
Reinsurance – complete reinsurance software solutions for full financial
control and auditing support. Our portfolio includes Sapiens Reinsurance, Freedom
Reinsurance System (FRS) and Universal Reinsurance System (URS®).
Financial and Compliance – financial and compliance solutions comprised
of both annual statement and insurance accounting software. This software includes
eFreedom® Annual Statement, PRO Financial General Ledger and Accounts Payable,
PTE Financial applications, Insurance Financial reporting and Power2Play.
Decision Management – we offer Sapiens DECISION, an enterprise-scale
platform that enables institutions to centrally author, store and manage all
organizational business logic. Organizations of all types – including
banks, mortgage institutions and insurers – use it to track, verify and
ensure that every decision is based on the most up-to-date rules and policies.
Technology-Based Solutions – tailor-made solutions (unrelated to the
insurance or financial services market) based on our eMerge platform, which
provides end-to-end, modular business solutions, ensuring rapid time to market.
Our services modernize and automate processes for insurance providers and financial
institutions around the globe, helping to create greater organizational efficiencies,
reduce costs and provide a better end user experience.
The Sapiens Service Suite is comprised of three main pillars: program delivery,
business services and managed services, as well as our various methodologies
(which are applied across the first three pillars).
Program delivery includes:
Project and program management
Core development and implementation
Integration
Deployment
Testing
Business transformation services are comprised of:
Business transformation – planning and strategy, business process
evaluation,
training and change management
Digital transformation – business model and processes transformation
and data management consolidation, and data migration
UAT testing
System integration
Managed services include:
Hosting services
Application and system management
Ongoing production support
Sapiens has partnered with Microsoft Azure to offer its policy administration
systems and accompanying services over private and public clouds. Sapiens’
cloud deployment includes full infrastructure for operations, plus the option
of choosing cloud-related managed services delivered by Sapiens’ experienced
professional services team.
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