Sapiens International Corporation announced the release of Sapiens Decision Underwriting Accelerator on October 15, 2024. This new solution is designed to enhance underwriting efficiency and significantly improve straight-through processing for Property and Casualty (P&C) insurers.
The Underwriting Accelerator aims to optimize underwriting processes and improve overall profitability by automating complex decision-making tasks. It integrates seamlessly with AI and machine learning models to ensure comprehensive risk assessment, accelerating time-to-market and improving cycle times.
A key benefit of the solution is its ability to empower business analysts to independently author, update, and test decision logic in real-time, reducing reliance on IT resources by up to 90%. This enables quicker adjustments and optimizes operational efficiency for insurers.
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