Sapiens CoreSuite for Property & Casualty: Empowering Insurers with Speed, Flexibility, and Efficiency

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Sapiens CoreSuite for Property & Casualty: Empowering Insurers with Speed, Flexibility, and Efficiency

Overview of CoreSuite for Property & Casualty

Sapiens CoreSuite for Property & Casualty is a purpose-built, scalable, and sustainable policy administration solution that revolutionizes the way insurers manage their operations. This comprehensive platform enables underwriting flexibility and speed to market, empowering insurers to attract and retain business efficiently. Designed to take businesses from complexity to simplicity, CoreSuite is architected for easy configuration, ensuring quick adaptation to changing market dynamics and customer demands.

Key Benefits of CoreSuite for Property & Casualty

The CoreSuite solution offers numerous benefits to insurance companies, including ease of configuration for fast product setup and modification through no/low-code capabilities, flexible configuration options, and reusable layering. With a pre-integrated ecosystem that supports various industries, lines of business, and risk profiles, insurers can achieve value through total cost of ownership. The flexibility of CoreSuite ensures optimal benefits by providing a 'right-sized' approach to policy administration.

Value through Total Cost of Ownership

By leveraging cloud-native Software as a Service (SaaS) solutions, CoreSuite supports agility and flexibility, enabling insurers to drive faster quote and bind processes through straight-through processing. The increased efficiency powered by CoreSuite facilitates sustainable operations, allowing for low-touch updates without business interruption, ultimately reducing operational costs and enhancing operational efficiency.

Enhancing Engagement and User Experience

CoreSuite focuses on driving engagement and enhancing user experience through digital product personalization, enabling insurers to provide tailored services that meet customer needs. Personalized data and workflows within the platform empower informed decision-making, while the AI-driven intelligence enhances employee efficiency, effectiveness, and overall operational performance. The platform is designed to be tightly integrated yet loosely coupled to provide the necessary flexibility to insurers.

Complementary Products and Solutions

In addition to CoreSuite for Property & Casualty, Sapiens offers a range of complementary products to fully automate the insurance landscape. PolicyPro provides automated policy administration for all lines of business, BillingPro offers a flexible enterprise billing solution, ClaimsPro ensures claim lifecycle automation, and DigitalSuite serves as a comprehensive, cloud-native digital engagement platform. These solutions work together seamlessly to empower insurers and enhance their operational efficiency.

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Empowering Property & Casualty Insurers with Sapiens CoreSuite BillingPro

Modernized Billing Management for Insurers

Sapiens CoreSuite BillingPro is a cutting-edge billing software designed specifically for Property & Casualty insurers. It offers automated billing management that is both modern and configurable, featuring advanced business rules and digital capabilities. This software empowers insurers to provide individualized billing experiences to their customers by supporting new and emerging payment methods and workflows, ultimately enhancing the overall customer experience.

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Empowering Insurers with Sapiens CoreSuite - A Comprehensive Digital Insurance Solution

EMPOWER: Capitalize on Your Previous Investments

Sapiens CoreSuite empowers insurers to maximize the value of their existing systems, assets, and partnerships to accelerate the introduction of new products and reduce the costs related to digital operations. Through persona-based portals, insurers can swiftly launch dynamic platforms for customers, agents, brokers, and other stakeholders, enhancing self-service functionalities and improving overall user experience.

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Empowering Insurance Solutions with Sapiens CoreSuite Integration and Openness

Seamless Integration and Openness

Sapiens CoreSuite API Composition Engine (ACE) provides a configurable integration layer, allowing platform solutions to seamlessly integrate with customers' ecosystems and third-party systems. This capability includes bi-directional batch and online data exchange, standard APIs for accessing business functions and information, data orchestration and transformation through various protocols like REST and SOAP, and support for different authentication methods such as Kerberos. Additionally, ACE offers a user-friendly visual tool that expedites the configuration of endpoints, ensuring efficient integration processes. Moreover, the platform publishes messages in response to key business events related to policies and claims, enhancing operational visibility and control.

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Maximizing Efficiency and Control with Sapiens CoreSuite ClaimsPro for Property & Casualty Insurers

Unlocking Automation and AI-driven Solutions

Sapiens CoreSuite ClaimsPro offers Property & Casualty insurers a robust solution to unlock powerful, auditable, configurable, and AI-driven automation across all lines of business. With features like intelligent workflow, efficient claim assignment, and automated workload balancing, insurers can streamline their claims operations and enhance efficiency.

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Empowering Property & Casualty Insurance with Sapiens CoreSuite

Innovate with Low-Code Simplicity

Sapiens CoreSuite offers a low-code software solution that empowers insurance companies to innovate quickly, design, adapt, and launch new insurance products, while significantly reducing time and costs without the need for extensive development or IT involvement. This allows all business users to actively participate in product innovation, ultimately reducing time to market by an impressive 75%. With the ability to rapidly develop and adapt insurance products, Sapiens CoreSuite ensures flexibility and adaptability in the ever-changing insurance landscape.

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