Sapiens | July 01, 2021
Sapiens International Corporation, a leading global provider of insurance software solutions, announced the availability of two new cloud-native components of its DigitalSuite, a dynamic, digital engagement and enablement platform that helps insurers accelerate their digital transformation: Sapiens Journey and Form Composer. Sapiens Journey & Form Composer, created and developed especially for the insurance market by some of the industry's top digital specialists, can be deployed as a stand-alone solution or as part of a full digital enablement program.
Sapiens Journey & Form Composers enable business users to introduce and manage current journeys and workflows and design and build new ones without writing code. Simple drag-and-drop, low-code functionality, and a library of widgets and components enable insurers to cut costs and speed time to market without relying on IT personnel. In addition, the modules are very user-friendly, graphic, clear, and easy to publish.
Sapiens Journey Composer allows insurers to digitize their existing journeys to improve every stage of the insurance lifecycle for consumers and internal users. Sapiens Form Composer digitizes documentation and forms, allowing insurers to rapidly change journeys by converting conventional PDFs into new digital formats. Together, they can improve existing client journeys while also developing new ones in new businesses or for new lines of insurance. In addition, the modules provide insurers the tools they need to quickly configure and deploy new products, easily integrate data sources, and eliminate costly IT resources, allowing them to control the process of intuitive journey management and creation fully.
Sapiens DigitalSuite's modular, cloud-native components can be connected with insurers' existing technology landscape to build new, digitally native journeys, reinvent consumer experience using new technologies, or cater to new lines of business. Sapiens DigitalSuite's open architecture and seamless connection through advanced APIs, the insight of data-driven business processes, and the agility of a cloud-native environment allow a fast entry into new markets.
Sapiens International Corporation enables insurers to thrive in this ever business. Sapiens provides digital software platforms, solutions, and services to the property and casualty, life, pension and annuity, reinsurance, financial and compliance, workers' comp, and financial markets. Sapiens has over 35 years of experience delivering to over 600 companies worldwide, demonstrating a proven ability to meet clients' core systems, data, and digital requirements.
Vertafore | June 30, 2021
Vertafore, the industry leader in modern insurance technology, announced the next version of ImageRight, the industry's leading workflow and content management solution developed especially for insurance carriers today. The news was made at the Carrier Week keynote event at Accelerate, powered by NetVU.
ImageRight 7 offers a completely redesigned user experience in a web-based interface, allowing users to accomplish more streamlined core procedures and customized task lists.
The upgrade, which is the first in Vertafore's multi-year effort to modernize ImageRight, is accessible anytime and everywhere through contemporary browsers, allowing carriers to better equip their workforce for success as the "new normal" of work evolves. ImageRight 7 also offers compliance and security upgrades to bring users up to speed on the most recent rules and regulations.
Improvements such as ImageRight 7 offer a cutting-edge user experience that boosts productivity and simplifies activities.
• An easy-to-navigate, find, and track interface allows users to browse quickly, discover and track policies and any related documents.
• The ability to edit and manage Microsoft Office files directly from ImageRight, with all changes synchronized.
• Personalized to-do lists that prioritize work. To-do lists are updated in real-time, minimizing the number of clicks required to access the most recent activities.
Vertafore Hosting for ImageRight 7 can save carriers about 25-50% on an annual basis.
Vertafore Hosting, a new cloud hosting option offered via Amazon Web Services, is also included with ImageRight 7. Carriers get ImageRight supplied as Software-as-a-Service (SaaS), including automatic version updates, as Vertafore relieves carrier IT teams of the hosting burden, allowing them to focus on other priorities.
Data from Vertafore users indicate that Vertafore Hosting saves a carrier with 100 users an average of $320,000 over three years or 25-50% cost of ownership. The greatest savings come from reducing capital costs of maintaining ImageRight's hardware, operating systems, databases, and backup system infrastructure.
For more than 50 years, Vertafore has been the North American InsurTech leader, modernizing and simplifying insurance distribution so that our clients can focus on what matters most: people. Vertafore's solutions enhance the client and agent experience, unlock the power of data, and simplify critical processes to promote efficiency, productivity, and profitability for independent agencies and carriers.
WEBSURANCE | December 02, 2021
Howell Benefit Services, Inc. (HBS), and Howell Benefit Technologies LLC (dba RATECentric) have released WEBSURANCE, a fully insured health and welfare benefits trust featuring top ranked group insurance companies for carriers, producers, and employers. In conjunction with the Trust, a paperless, digital WEBSURANCE platform was also launched enabling carriers and producers to offer employers superior level benefit plans, competitive pricing, and extended rate guarantees.
HBS is pleased to announce MetLife and Vision Benefits of America (VBA) as the first multi-year Trust participants offering group dental and vision benefits, respectively, to employers nationwide with products and plan designs typically found in the enterprise market.
We continue to enhance our online presence utilizing our digital technology by adding these two market leading insurance carriers, We've had exceptional success for over 25 years building and managing digital websites and have been a pioneer in API integration for several top ranked group carriers. Our technology has enabled the carriers we serve to measure and demonstrate the efficiencies and profitability of outsourcing online quoting, case submission, premium billing, sales activity, license tracking and commission payment in a single application.
- Roger Howell, President of HBS.
Our real time quoting platform's success, which has been online nationwide since 2013 and now serving two of the top five national group insurance carriers, illustrates how our team has combined deep-rooted benefits knowledge, four decades of TPA experience, and integrating it with our proprietary and commercially successful digital platform technology."
Howell has provided customized, multi-carrier and premium billing technology, producer appointment and license tracking as well as commission payment technology for carriers and producers since 2000.
"By utilizing WEBSURANCE's digital solution we are able to streamline our offerings for customers and provide them with access to competitive benefit plan options, instant rates and case submission, pricing and backroom support as a result of our collaboration with Howell."
- Cynthia Smith, SVP of Regional Business at MetLife
VBA's Vice President, Matt Cuomo stated, "The WEBSURANCE Trust is the perfect vessel for us to showcase our national vision plan benefit portfolio. The quoting, case submission and plan administration features offered by WEBSURANCE are unprecedented, based on our experience."
The WEBSURANCE Benefits Trust will be offering additional online group and voluntary benefit plans in 2022, further reducing quoting and administrative expenses while, at the same time, increasing closing ratios for carriers and producers.
The WEBSURANCE Benefits Trust is a fully insured, national group insurance trust that covers hundreds of employer groups, with the capacity and scalability to offer a variety of carriers' product lines. Eligible group insurance products include health, dental, vision, life, disability, voluntary life, disability, critical illness, hospital indemnity, and accident. WEBSURANCE is administered by Howell Benefit Services, Inc. (Howell), located in Wilkes-Barre, Pennsylvania. Howell is a nationally recognized, online, Third Party Administrator (TPA) in business since 1982.