Insurance software provider Sapiens International Corporation has announced a new version of its underwriting software, Sapiens UnderwritingPro for Life & Annuities.
Version 11 of the software is now available over the cloud and provides several product advancements, including a new reinsurance interface and enhanced underwriter notes capabilities.
“The Sapiens UnderwritingPro user group was instrumental in guiding many of the enhancements in this latest version, and several Sapiens clients already committed to installing version 11,” said David Pidgeon, head of Sapiens life and annuity business for North America. “We look forward to providing this new version to our existing clients and prospective customers looking for the most feature-rich and functionally superior underwriting system available.”
New functionality in version 11 includes:
- A new reinsurance interface to facilitate data transmission to the carrier’s reinsurers
- Enhanced underwriter notes for a complete audit trail of the decisioning process
- Annuity suitability
- MIB coding improvements to speed up and ease the underwriting process
- Information banner enhancements
Sapiens has also implemented security advances and greater configurability in this version.