Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced that a leading European automotive brand has gone live with Sapiens IDITSuite and Sapiens Cloud and Application Management Services for the company’s self-guarantee and warranty insurance lines of business.
Sapiens’ solution replaces the company’s existing systems for policy portfolio management and claims management. Phase one of implementation for automotive warranty took just over a year, with the second phase of product warranty implementation planned for 2024.
“Our client stands out for providing its warranty customers high-performance motor insurance that delivers peace of mind. Sapiens’ award-winning solution delivered on the cloud helps provide them with a modern, digital core that streamlines processes and customer experiences and enables them to achieve excellence,” said Roni Al-Dor, Sapiens President and CEO. “Sapiens’ digitally-led, end-to-end policy administration system helped our client achieve their ambitious goal of implementation in just over a year.”
Sapiens IDITSuite is an AI-powered, end-to-end insurance software product that supports customer acquisition, billing, finance, claims, and renewals. The solution features a low-code product and pricing configuration engine that accelerates speed to market by 75%. IDITSuite enables its clients to meet regulatory requirements and make data-driven decisions for their international warranty programme.
