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What is Sapiens Insurance Platform?

A cutting-edge, AI-enhanced, open, modular, and cohesive insurance platform built for the future boosts adoption rates, delivers sustained value, and empowers insurers to stay ahead in a competitive market. The Sapiens Insurance Platform allows insurers to grow through a flexible yet all-encompassing solution that encompasses entire insurance processes across multiple lines of business. Leveraging AI-driven automation, this platform promotes smart, data-driven business strategies and greatly improves operational efficiency. It is meticulously designed to help insurers navigate the fast-changing terrain of digital insurance technology. In addition, dynamic, user-centered portals are tailored for vendors, agents, brokers, employers, and administrators, ensuring outstanding user experiences across all digital platforms. Moreover, a robust suite of data analytics utilizes AI and machine learning, enabling insurers to gain a holistic view of their operations, effectively apply insights, and make well-informed decisions based on data. This groundbreaking platform is indispensable for any insurer looking to succeed and excel in a challenging marketplace, reinforcing the importance of adaptation in an ever-evolving industry.

What is Democrance?

Reduce distribution costs by up to five times while exploring untapped markets through a partnership with Democrance, which offers micro, retail, and commercial insurance products across various sectors, including property and casualty, life, and health. Insurers can anticipate launching new products within weeks instead of months, all while automating previously manual tasks to connect seamlessly with new customer groups. Democrance provides a comprehensive platform for managing all insurance offerings, optimizing operations, and slashing average distribution costs by fivefold, potentially boosting annual sales by around 28%, thereby creating opportunities for innovative products across all business lines. Experience the rapid deployment of digital insurance solutions in just 2-6 weeks with minimal impact on your existing systems. The omnichannel features of Democrance enable access to new market segments, support for intermediaries, and options for embedded and micro-insurance exploration. Furthermore, refine your policy administration processes and dramatically cut distribution costs from 20-30% down to merely 5% of gross written premium, enhancing both efficiency and profitability. This evolution not only transforms your organization but also elevates customer satisfaction by offering more accessible insurance solutions, ultimately ensuring a stronger market position for your business. Embrace this change to stay competitive in the evolving insurance landscape.

Media

Media

Integrations Supported

IDITSuite
Sapiens Decision
Sapiens P&C

Integrations Supported

IDITSuite
Sapiens Decision
Sapiens P&C

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Sapiens

Date Founded

1982

Company Location

Israel

Company Website

sapiens.com/platform/insurance-platform/

Company Facts

Organization Name

Democrance

Company Location

United Arab Emirates

Company Website

www.democrance.com

Categories and Features

Categories and Features

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