Sapiens International Corporation announced on April 8, 2025, the release of StatementPro Multi-Company Operations (MCO), a new feature set for its Financial & Compliance (F&C) customers. This enhancement enables insurers to streamline statutory reporting by performing actions across multiple statements and companies.
The MCO functionality significantly reduces administrative burden and increases productivity, especially for the more than half of all National Association of Insurance Commissioners (NAIC) reporting entities that belong to a group of companies.
A key capability is the new Filing Period Setup Wizard, which allows users to create and schedule all statements for the next filing period in a single operation. This feature is expected to save hours from each filing period, potentially reclaiming weeks of staff productivity annually.
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