Sapiens Secures New Clients in Their Expanding Portfolio
In exciting news for the insurance industry, Sapiens International Corporation, a global provider of software solutions for the insurance sector, has announced several significant client wins.
Firstly, a Tier 1 insurer based in Africa has gone live with Sapiens DataSuite, marking a successful migration of its data platform. Meanwhile, Encova, a super-regional insurer in the United States, has chosen Sapiens Decision to support its enterprise transformation strategy and elevate the agent experience.
Encova, which provides commercial, workers' compensation, auto, and home insurance, is building a single, consolidated portal for its network of more than 2,000 independent agencies. Sapiens Decision, with its end-to-end, technology-independent decision intelligence capabilities, will play a crucial role in this initiative.
The collaboration between Sapiens International Corporation and Encova reflects the trust that Encova has in Sapiens and the continued growth of their relationship across business lines. Encova selected Sapiens Decision to power its enterprise-wide transformation, modernizing its operations and processes using AI-driven decisioning to optimize business outcomes.
Sapiens Decision is also chosen to elevate the agent experience, simplifying and streamlining interactions between agents and clients, potentially improving efficiency and customer satisfaction. The platform offers an AI-enabled and business-friendly environment for defining, testing, deploying, and optimizing operational decisions, providing real-time, consistent, and efficient decision-making.
Pioneer Insurance and Surety Corporation, the leading insurance provider in the Philippines, has also chosen Sapiens Insurance Platform to drive its digital transformation and enhance customer experience. This collaboration between Sapiens International Corporation and Pioneer Insurance and Surety Corporation marks a new client win in the Philippines.
The global life insurer has also selected Sapiens Insurance Platform, a fully integrated suite of solutions. This new client win further expands Sapiens International Corporation's client base across different regions, including Africa and the Philippines.
Sapiens DataSuite, another solution offered by Sapiens International Corporation, is being used by various insurance providers to manage and migrate their insurance data platforms. The success of Sapiens DataSuite and Sapiens Decision in driving digital transformation for insurers underscores Sapiens International Corporation's commitment to supporting the insurance industry's digital evolution.
Encova's long-term vision includes expanding the use of Sapiens Decision beyond the agent portal initiative to other lines of business and operational areas. This indicates a promising future for the partnership between Sapiens International Corporation and Encova, as they work together to enhance operational efficiency, leverage advanced technology, and improve customer and agent experiences through AI-driven decision-making.
- The events of Encova's selection of Sapiens Decision and the agreement with Pioneer Insurance and Surety Corporation signify the expansion of Sapiens International Corporation's client base in business lines across different regions, such as finance, technology, and business.
- Encova's administration of Sapiens Decision in their portal for more than 2,000 independent agencies is anticipated to be extended to other business lines and operational areas as part of their long-term vision, demonstrating the growing policy administration relationship between Encova and Sapiens International Corporation.
