Overview
The Sapiens Platform for Life & Pension offers excellence in administration of insurance business and creates greater efficiency via legacy consolidation. The platform is comprised of a mature, configurable core administration suite that is accompanied by illustration, underwriting and eApp; and pre-integrated analytics, digital engagement and digital enablement.
Sapiens CoreSuite for Life & Pension provides an optimised user-interface and real-time access to centrally managed data from any device. It delivers coherent data across all applications and channels, with a common repository of business rules and a powerful formula engine providing detailed information at the most granular level for internal and external use.
CoreSuite features full pre-integration to the Sapiens DigitalSuite for Life & Pension, including the Sapiens DigitalHub for Life & Pension (API Layer and Digital Studio) that enables openness and connectivity with partners; Sapiens AgentConnect for Life & Pension (formerly knowns as Sapiens PORTAL) and Sapiens CustomerConnect for Life & Pension (formerly referred to as the Sapiens PORTAL) portal solutions, specifically designed for the L&P and additional insurance markets; and Sapiens PartnerHub, which makes third-party technology and insuretech solutions available to insurers and their customers.
Key Features
With CoreSuite, you will benefit from:
Simplicity and Peace of Mind – DevOps tools enable installation of the CoreSuite in its entirety via a single click, as well as comprehensive logging and monitoring utilizing common, open-source platforms and a framework for the simple setup of test cases; and an established insurance testing library.
A single, unified system – CoreSuite enables insurers to administer individual, group and employee benefits, and support multiple lines of business for life, annuities, protection, investment and savings, pensions and medical products from a single, unified system. We cover all aspects of the life insurance value chain.
Digital Transformation and Fast Time-To-Value – Featuring full pre-integration to the cloud-based Sapiens DigitalSuite including agent and consumer portals, data warehouse and Sapiens’ advanced analytics solution. Sapiens CoreSuite enables insurers to rapidly go through business digital transformation and achieve fast time-to- value for digital strategies.
Modular, Business Service-Led Propositions – This comprehensive suite has been adopted by leading insurers globally and offers a modular, business service-based proposition, covering all aspects of the life insurance value chain.
Seamless Collaboration Via Best Practices – The Smart Suite DevOps tool ensures speed to market via pre-configured product libraries and best practices-based implementation, leveraging Sapiens' experience across multiple geographies. The featured best practices, methodologies and business processes will result in seamless collaboration with customers and simplified implementations.
Increased Loyalty Via Superior Customer Experience – CoreSuite’s event-driven architecture and client-centric approach provides a 360-degree view of every customer and records every customer-related transaction in real- time, so that your agents are always informed and your customers can access accurate account information at all times. Data collection is further analyzed for operational improvements, cross-sales and superior customer support.
Designed for Global Operation – Supported by Sapiens global presence and regional expertise, Sapiens CoreSuite is designed for multi-dimension and global operation, with seamless multi-brand, multi-regulation, multi-currency and multi-language capabilities.
Key Benefits
- A single, unified system enables insurers to simplify work processes for increased efficiency and offers an intuitive user experience
- Quick business digital transformation and fast time-to-value for digital strategies, via full pre-integration with Sapiens DigitalSuite
- Simple roll-outs require no coding for new, innovative product offerings and hybrid designs combining life, annuity and medical products increasing customer engagement and profitability models.
- End-to-end or modular deployment offers the flexibility to support every step of the policy lifecycle via deployment as a complete suite, or individual components
- Advanced DevOps provide deployment and system health monitoring tools across all modules
