New Version Of Exact Released

December 11 2017, London – AdvantageGo, has announced the release of version 4.0 of its exposure management tool Exact. A key feature of this version is the ‘Underwriter View’ which supports underwriters in their decision making process by providing hazard, accumulation and exposure information within a single easy to use platform.

Exact is widely used by global commercial and specialty lines insurers to manage accumulations of risk across all lines of business in real time. Exact 4.0 uses intelligent automation to assess detailed risk and hazard information and provide the underwriter with a summarised overview of the key account metrics, as well as an immediate view of the highest risk locations. These locations can then be visualised in detail, including viewing hazard maps and clashing locations from other lines of business, in order to avoid the unexpectedly large losses that can otherwise go undetected. Adrian Morgan, Executive Vice-President and Head of AdvantageGo, says: “Insurers are under increasing pressure to demonstrate underwriting discipline, and it is critical that they can make well informed risk selection and pricing decisions. Exact 4.0 is designed to access this wide range of risk information and provide decision-critical insight, all within the time frame required for an underwriting decision”.

Tom Downey, Chief Underwriting Officer for Pen Underwriting – the first customer of Exact 4.0 – says: “We have a limited amount of time to make decisions on a risk and having the information to hand, all in one place, helps us to make better informed and also more efficient underwriting decisions.” In future, the system will be enabled to understand more sources of information, including data feeds from Internet of Things (IoT) devices such as smart building monitors, in order to understand risk in a way that has never been possible before.

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.

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