Sapiens International Corporation, a renowned provider of software solutions for the insurance industry, has secured a significant partnership with a prominent Midwest-based life and annuity insurer operating nationwide. This collaboration marks a pivotal step toward the insurer's ambitious goal of modernizing and streamlining its annuity business line.
In order to leverage the full potential of advanced tools and expedite the development of new products, the insurer has decided to replace its existing system with Sapiens IllustrationPro.
The cutting-edge capabilities of IllustrationPro, including a robust user tool set and rapid product development functionalities, will empower the insurer's sales distribution network. This innovative solution ensures a seamless and compliant illustration and quoting process for both new and existing businesses.
Notably, Sapiens IllustrationPro for Life & Annuities is a state-of-the-art cloud-based illustration and quoting solution specifically designed to deliver exceptional experiences for life, annuities, and health insurers, as well as their clients. With its user-friendly interface and responsive features, IllustrationPro sets a new standard in the industry, facilitating swift and intuitive interactions between insurers and their customers.
With over forty years of industry expertise, Sapiens offers a comprehensive cloud-based SaaS insurance platform. This platform integrates pre-built, low-code capabilities across core, data, and digital domains, effectively accelerating the digital transformation efforts of its clients.
As a leading provider of digital solutions in the financial sector, Sapiens International Corporation is committed to empowering insurers, particularly in insurance, to embark on their digital transformation journeys.
The decision by this U.S. Fortune 500 insurer to partner with Sapiens is a testament to the latter's reputation as a trusted and reliable software provider.
This collaboration is a significant milestone for Sapiens International Corporation and reaffirms its commitment to helping insurers transform into digital, innovative, and agile organizations.
This partnership between Sapiens and the U.S. Fortune 500 insurer signals a major shift towards digital transformation within the insurance industry. By adopting Sapiens IllustrationPro, the insurer is poised to enhance its annuity business line and elevate customer experiences to new heights.
The insurer is well-equipped to thrive in a time of digital innovation and changing customer expectations thanks to Sapiens' transformative software solutions.
