Insurance coverage software program supplier Sapiens has launched its AI-powered, open, built-in, cloud-native platform.
Sapiens Insurance coverage Platform utilises digital engagement, information intelligence, core enterprise processing in addition to ML and GenAI to assist insurers.
As well as, the combination of AI throughout the platform was boosted by Sapiens’ latest integration with Microsoft, providing insurers superior GenAI capabilities.
Moreover, Sapiens Insurance coverage Platform speeds progress by supporting end-to-end insurance coverage processes throughout all traces of enterprise, underscored by Sapiens’ world experience and native presence across the globe.
“Sapiens’ subsequent technology enhanced platform empowers our clients to leverage AI throughout their enterprise processes, enabling them to remain forward, drive progress, and exceed buyer expectations. By adopting the platform strategy, streamlining our processes and leveraging shared foundations and expertise engines, we ship even larger worth to our clients, extra shortly than ever earlier than,” stated Roni Al-Dor, Sapiens president & CEO. “Sapiens integration with Microsoft Azure OpenAI accelerates the usage of AI providers throughout Sapiens Insurance coverage Platform.”
“Immediately’s insurers are centered on methods to develop their books of enterprise effectively whereas making optimum selections on underwriting, claims and customer support,” said Karlyn Carnahan, head of Celent’s North American insurance coverage apply. “They’re searching for platforms with fashionable expertise to streamline their operations and enhance their general effectivity. They’re additionally centered on open APIs for simple integration to broad ecosystems, simple configuration instruments to tailor performance to their particular wants, and above all, entry to information. Options that supply these sorts of contemporary capabilities are gaining probably the most momentum with insurers.”
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“Our collaboration with Sapiens highlights Microsoft’s dedication to empowering the insurance coverage business with transformative AI options. This collaboration not solely showcases the potential of Microsoft Azure and our AI applied sciences but in addition units a brand new customary for innovation throughout the insurance coverage business,” added Patrice Amann, regional chief, monetary providers at Microsoft.
It has additionally launched an up to date model of its Sapiens ReinsuranceMaster.
This enhancement focuses on growing operational effectivity, streamlining regulatory reporting and bolstering decision-making by means of in-depth enterprise insights.
Sapiens stated the replace is designed to cater to the evolving calls for of the reinsurance market.
Sapiens ReinsuranceMaster is a platform for managing intensive and multinational reinsurance programmes.
