Western Financial Group selects Sapiens' Policy Solution

Cision PR Newswire | August 26, 2020

Sapiens Americas, a wholly owned subsidiary of Sapiens International Corporation, (NASDAQ: SPNS) and (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that Western Financial Group ("Western") has selected Sapiens PolicyPro for Property & Casualty. The Canadian insurance services provider sought a modern solution that could solve challenges in their quote to issuance process and allow delivery of their white-labeled products enterprise-wide. Western also sought direct integration to their broker management system so that their underwriters could continue to use that system in a productive and streamlined manner. Sapiens PolicyPro for Property & Casualty is a modular, scalable and configurable quote, submission and policy management system. PolicyPro is used by agents, underwriters and customers to quote, issue, and administer policies, including integration with third-party systems. The speed to market, flexibility and adaptability generated by PolicyPro are expected to empower Western to implement underwriting strategies quickly and more effectively. The solution will also generate more meaningful data to help guide business decisions.

Spotlight

This is a time of both great opportunity and great challenge for what has been traditionally viewed as a business that is slow to change - the Insurance Industry. Economic recession and recovery. Public demands for higher levels of trust and transparency. Geographic and demographic shifts. The on-demand and asset-light business. The growth of innovation imperatives and startup culture. All are converging and play a role in the way that the Insurance Industry must rethink its approach to all aspects of business including design, partnerships, and customer interaction.

Spotlight

This is a time of both great opportunity and great challenge for what has been traditionally viewed as a business that is slow to change - the Insurance Industry. Economic recession and recovery. Public demands for higher levels of trust and transparency. Geographic and demographic shifts. The on-demand and asset-light business. The growth of innovation imperatives and startup culture. All are converging and play a role in the way that the Insurance Industry must rethink its approach to all aspects of business including design, partnerships, and customer interaction.

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