PriyaPatel
TLDR: Sapiens Launches New AI Powered Insurance Platform
Key Points:
- Sapiens International Corporation has launched an AI-powered, open, integrated, cloud-native platform for the insurance industry.
- The platform leverages digital engagement, data intelligence, core business processing solutions, and ML capabilities to help insurers innovate their offerings and processes.
The latest product news from Sapiens International Corporation, a leading global provider of software solutions for the insurance industry, announces the launch of its AI-powered, open, integrated, cloud-native platform. The Sapiens Insurance Platform aims to help insurers innovate their offerings and processes through digital engagement, data intelligence, core business processing solutions, and machine learning (ML) capabilities. This platform integration of AI was accelerated by Sapiens’ recent collaboration with Microsoft, offering advanced GenAI capabilities to insurers for growth and efficiency.
According to Sapiens, the Insurance Platform enables insurers to speed up their growth by supporting end-to-end insurance processes across all lines of business. The platform also emphasizes global expertise and local presence, allowing insurers to quickly adapt to market changes and offer innovative products and services more efficiently. Roni Al-Dor, Sapiens President & CEO, highlights that the platform empowers customers to leverage AI across their business processes, enabling them to stay ahead and exceed customer expectations.
The platform also provides insurers with a robust ecosystem to streamline operations and enhance customer experiences. Sapiens chose Microsoft Azure as their cloud provider, specifically for the enterprise focus that aligns with the needs of large insurers. Additionally, the collaboration with Microsoft aims to empower the insurance industry with transformative AI solutions and set a new standard for innovation within the sector.
In conclusion, the launch of the Sapiens Insurance Platform marks a significant step towards enabling insurers to leverage AI, streamline operations, and enhance customer experiences. The integration with Microsoft Azure and focus on transformative AI solutions position Sapiens as a key player in the evolving landscape of the insurance industry.
