‘Underwriting’ Workbench designed to drive Underwriting Excellence

London, 30 April, 2019 – Recognising the rapidly growing need to maintain underwriting discipline as the insurance market enters the digital era, AdvantageGo, the commercial insurance and reinsurance software company, today announces the launch of its ‘Underwriting’ workbench solution.

Specifically designed for and in partnership with underwriters, ‘Underwriting’ streamlines and automates low-value tasks, systemises processes and improves operational excellence.

Powered by an ecosystem of data providers that supports data led decisions, ‘Underwriting’ proactively delivers new business insights and risk specific knowledge. When combined with an underwriter’s own intellectual property and existing data assets, underwriters can begin to create new products, understand risk at new levels of granularity and differentiate beyond their peers.

‘Underwriting’ consolidates and provides all underwriting functions into a single platform, integrates into established core policy administration systems and leverages other existing IT investments.

Delivered through a centralised product management workbench utilising integration, orchestration, workflow, standard business processes and a rules engine, ‘Underwriting’ systemises an underwriter’s knowledge and delivers analytics-driven insights throughout the decision-making process, all the while adhering to corporate governance and compliance standards.

It consolidates all underwriting tasks into one system, driving significant benefits in operational efficiency and data accuracy that massively increases the velocity and agility of decision making.

“With a rise in the volume and format of data to analyse, underwriters need to quickly and accurately evaluate structured and unstructured data delivered through various channels”, said Adrian Morgan Executive Vice President and Head of AdvantageGo. “In the digital age, underwriters need to quickly respond to shifting market needs and create and offer new products and policies. Our ‘Underwriting’ workbench leverages an underwriter’s experience and capabilities to augment risk assessment and mitigate risk. A digital foundation which provides rich functionality that will equip underwriters with the tools to address new business models and support their digital future.” Morgan added, “we are extremely pleased about the level of interest for ‘Underwriting’, and our first major implementation is underway.”

Click here, To learn more about AdvantageGo’s Underwriting solution.

Notes to Editor

About AdvantageGo

AdvantageGo is the innovative commercial insurance and reinsurance product family from Sapiens. It harnesses the power of proven, functionally-rich core solutions and augments it with the energy and culture of being an InsurTech leader. AdvantageGo enables insurers and reinsurers around the world to fuse the traditional with digital, helping them to rapidly adapt, drive change and succeed with agile software and Microservices. For further information, please visit www.AdvantageGo.com.

AdvantageGo- revolutionising insurance software

About Sapiens

Sapiens International Corporation (NASDAQ and TASE: SPNS) is a global leader in intelligent SaaS-based software solutions. With Sapiens’ robust platform, customer-driven partnerships, and rich ecosystem, insurers are empowered to future-proof their organisations with operational excellence in a rapidly changing marketplace. Our SaaS-based solutions help insurers harness the power of AI and advanced automation to support core solutions for property and casualty, workers’ compensation, and life insurance, including reinsurance, financial & compliance, data & analytics, digital, and decision management. Sapiens boasts a long-time global presence, serving over 600 customers in more than 30 countries with our innovative offerings. Recognised by industry experts and selected for the Microsoft Top 100 Partner program, Sapiens is committed to partnering with our customers for their entire transformation journey and is continuously innovating to ensure their success.    

For more information, please visit  https://sapiens.com

Safe Harbor

Certain statements in this release are forward-looking statements. The business involves various risks, and uncertainties that could result in the actual results to differ materially from those indicated here. All forward looking statements made herein are based on information presently available to the management of the Company and the Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.