Sapiens CoreSuite L&A

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Overview

The Sapiens CoreSuite for Life & Annuities (formerly known as “Sapiens ALIS”) is our flagship solution designed to provide excellence in administration of insurance business, facilitate digital transformation and fast time-to-value for digital strategies, and create greater efficiency via legacy consolidation. This end-to-end, core policy administration solution supports the complete policy lifecycle across a wide variety of products in the life, pension, annuity and medical industries.

The Sapiens CoreSuite for Life & Annuities provides an optimized 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.

The Sapiens Platform for Life & Annuities offers excellence in the administration of the insurance business and creates greater efficiency via legacy consolidation. The platform is comprised of a core suite (including illustration, underwriting and eApp); advanced analytics and a full digital suite.

CoreSuite offers full pre-integration to the Sapiens DigitalSuite for Life & Annuities, which includes the Sapiens DigitalHub for Life & Annuities (API Layer and Digital Studio) that enables openness and connectivity with partners; Sapiens AgentConnect for Life & Annuities (formerly Sapiens PORTAL) and Sapiens CustomerConnect for Life & Annuities (formerly Sapiens PORTAL) portal solutions, specifically designed for the L&A market; and Sapiens PartnerHub, which makes third-party technology and insuretech solutions available to insurers and their partners.

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 indiviual, 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 seemless colaboration with customers and simplified modifications.
  • 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 insight, 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. This increases customer engagement
  • 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