Sapiens IDIT

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Overview

Sapiens IDIT is designed with growth and change in mind, with extensive multi-company, multi-branding, multi-currency and multi-lingual capabilities. Sapiens IDIT management system is built on open technology and can be used on desktops, laptops, tablets and smartphones.

An enhanced workflow engine in Sapiens IDIT utilizes internal, pre-integrated services. A consumer, agent or back-office user can now more easily comply with regulations requiring a signed customer document – for example, flagging and escalating a policy lacking a signature and automatically cancelling if a signature isn’t received within a defined period of time.

Backed by Sapiens’ 30+ years of unmatched delivery expertise and global presence, Sapiens IDIT’s field-proven, modular components support all core operations of personal, commercial and specialty lines of business – from inception, through renewal and claims (for all types of P&C/general insurance, car insurance and health insurance).

Key Features

Sapiens IDIT supports international and domestic markets via multi-company, multi-branding, multi-currency and multi-lingual capabilities. It also includes multiple lines of business packaged in one policy and offers multiple insured objects and assets, as well as multiple dynamic questionnaires. Sapiens IDIT features comprehensive data validation and individualized, real-time premium calculations. The solution is fully integrated with CRM, document production, and workflow and business intelligence systems.

Key Sapiens IDIT features include:

  • A pre-integrated, full digital suite with customer and agent portals, business intelligence and more
  • Embedded Dev-Ops for higher quality QA and deployment
  • A managed services offering via the cloud
  • Improved support for group insurance to better serve employers and employees
  • A configurable, multi-level release process for payment orders
  • Extended support for late payment fees, including improved fee and interest calculations that help insurers more easily comply with relevant regulations
  • Enhanced regulatory support, including capabilities to assist European insurers in complying with the General Data Protection Regulation (GDPR)

Other notable features include:

  • Differential rating based on multiple parameters
  • Clause and form management
  • Comparative quoting – multiple proposals for a single client
  • Interactive, online payment schedule
  • Online policy approval for immediate coverage
  • Insurance product promotions functionality
  • Shopping cart display of policy components

Key Benefits

Built from day one as an integrated, component-based system supporting the entire insurance cycle, Sapiens IDIT sets the standard for flexibility and speed to market. It will enable you to:

Hit the market fast with new and innovative products

Highly-configurable and based on industry best practices, Sapiens IDIT’s preconfigured content and service libraries will enable you to roll out new, innovative products quickly and consistently

Digitalize your operations

Sapiens IDIT facilitates efficient digitalization of your operations, supporting multi-channel distribution and ensuring that agents and customers are able to access real-time, accurate data at any time and from anywhere – including their mobile devices

Reduce TCO via operational excellence

Out-of-the-box (yet extendable) business functionality, aggregation, simulation capabilities and analytics – combined with workflows and document management – result in increased productivity that lowers the total cost of ownership

Simplify operations with centralization

Sapiens IDIT is a full Service-Oriented Architecture (SOA), component-based, packaged solution with easy maintenance and seamless integration

Enjoy Faster Searches

Elasticsearch, a distributed search engine that can perform structured and unstructured searches, is included in Sapiens IDIT. It provides a faster and better experience for insurance personnel by shortening IT and business processes, and enabling insurers to quickly leverage valuable data across modules and processes for a 360-degree view of customers, agents and operations.

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