Philippines-based insurer Pioneer Insurance coverage and Surety has chosen Sapiens Worldwide’s insurance coverage platform to spearhead its digital transformation efforts.
The AI-based Sapiens Insurance coverage Platform is geared toward upgrading Pioneer’s operational capabilities and digitalisation.
The initiative is predicted to enhance core processes and fulfil market calls for by way of enhanced expertise.
Pioneer CEO and president Lorenzo Chan stated: “Sapiens’ complete platform will allow us to speed up product improvement, automate workflows and improve buyer journeys.
“This partnership underscores our dedication to delivering modern and related insurance coverage options to our prospects, whereas considerably bettering operational effectivity. The mentorship mannequin supplied by Sapiens may also guarantee self-sufficiency as we embrace this transformative journey.”
Sapiens CEO and president Roni Al-Dor said: “We’re proud to companion with Pioneer, a market-leading insurer in the Philippines, and to show our progress on this vital area.
“Our insurance coverage platform will empower Pioneer to satisfy their formidable progress objectives whereas delivering superior buyer experiences. By automating and digitising operations, Pioneer is positioning itself as a real innovator within the area’s insurance coverage market.”
Final month, Sapiens up to date its automated underwriting and new enterprise case administration system, often known as UnderwritingPro v14.
This enhancement focuses on rising operational effectivity and integrating AI to help underwriting selections.
The brand new model consists of options that utilise predictive analytics and data-driven insights, aiming to boost the velocity and accuracy of underwriting processes.
Sapiens offers help for core options throughout varied insurance coverage strains together with property and casualty, employees’ compensation and life insurance coverage, in addition to reinsurance, monetary and compliance, information and analytics, digital and determination administration.
With a world footprint, Sapiens serves over 600 prospects throughout greater than 30 international locations, providing software program as a service options.
