Sapiens Secures New Client: Pan-American Life Insurance Group
Sapiens International Corporation, a prominent global provider of software solutions for the insurance industry, has announced another significant client win. Pan-American Life Insurance Group (PALIG) has successfully gone live with Sapiens IllustrationPro, a comprehensive Software-as-a-Service (SaaS) solution hosted on the Microsoft Azure cloud platform.
Introduction
This strategic partnership marks a considerable milestone for both companies, emphasizing Sapiens’ robust capabilities in delivering cutting-edge solutions tailored to the insurance sector. PALIG’s decision to integrate Sapiens IllustrationPro follows an exhaustive analysis of competitive offerings, ultimately leading to a solution that promises to revolutionize their operational efficiency and market agility.
PALIG, a longstanding customer of Sapiens, sought to transform its existing systems into a modern, web-based solution that is not only fully responsive but also seamlessly integrates across multiple platforms. This move is aimed at streamlining their processes, enhancing user and agent experiences, and accelerating their time-to-market for new products within the North American market.
The Value Proposition of Sapiens IllustrationPro
Streamlining Processes and Enhancing User Experience
Sapiens IllustrationPro is designed to consolidate illustrations on a single platform, thereby simplifying the intricate processes involved in life insurance product illustrations. The solution offers a user-friendly interface that ensures a superior experience for both agents and clients. Key features include:
- Comparison Tools: Facilitating detailed product comparisons to aid decision-making.
- Client Management: Robust tools for managing client information and interactions.
- Self-sufficiency: Enabling PALIG to efficiently manage multiple product launches independently.
Accelerating Time-to-Market
One of the primary advantages PALIG gains from Sapiens IllustrationPro is the significant reduction in time required to bring new products to market. This is particularly crucial in the highly competitive insurance industry, where speed and efficiency can provide a substantial edge over competitors.
PALIG’s Strategic Vision
Transforming Legacy Systems
PALIG’s transition to Sapiens’ digital web-based solution is a testament to their commitment to innovation and modernization. The new system is fully responsive, enabling seamless integration across multiple platforms, which is essential for supporting the diverse needs of their clients and agents.
Enhancing Agent Experience
By leveraging powerful features such as comparison tools, client management, and self-sufficiency, PALIG aims to significantly improve the agent experience. This, in turn, is expected to lead to higher agent satisfaction and productivity, ultimately benefiting the overall business performance.
Leadership Insights
Bruce Parker’s Perspective
“When we decided to launch this major initiative, Sapiens was the perfect partner to deliver a scalable, flexible solution that raises the standard of our illustration processes,” said Bruce Parker, President of Global Life at Pan-American Life Insurance Group. “Sapiens truly understands our need to stay competitive through quick and easy launches of new products across various distribution channels. Sapiens’ tailored offering and comprehensive SaaS solution have exceeded our expectations and provided a true sense of partnership throughout the journey.”
Roni Al-Dor’s Perspective
“We are excited to grow our partnership and provide PALIG with a fresh start to enable their product illustrations on a modern platform,” said Roni Al-Dor, President and CEO of Sapiens. “The fact that we have a highly successful, longstanding relationship with PALIG makes the collaboration even more rewarding. We are delighted to accelerate PALIG’s commitment to embracing cutting-edge technology and staying ahead of the curve.”
Sapiens IllustrationPro: A Comprehensive Solution
Dynamic Point-of-Sale Solution
Sapiens IllustrationPro is a dynamic point-of-sale solution specifically designed for the life insurance sector. It generates quotes and compliant illustrations quickly and accurately, all within an intuitive and modern user interface.
Industry Recognition
The solution has garnered significant accolades, including Celent’s 2023 “Luminary” award and two 2023 Celent XCelent awards in the categories of Breadth of Functionality and Customer Base and Support for the North America region.
FAQs
What is Sapiens IllustrationPro?
Sapiens IllustrationPro is a comprehensive SaaS solution designed to streamline the process of generating life insurance product illustrations. Hosted on the Microsoft Azure cloud platform, it provides a user-friendly interface and powerful features for comparison, client management, and self-sufficiency.
How does Sapiens IllustrationPro benefit PALIG?
Sapiens IllustrationPro consolidates illustrations on a single platform, accelerates time-to-market for new products, and enhances both agent and client experiences. It also facilitates seamless integration across multiple platforms, thereby modernizing PALIG’s operational processes.
Why did PALIG choose Sapiens?
After an extensive analysis of competitive offerings, PALIG chose Sapiens for its robust, scalable, and flexible solution that meets their needs for quick and easy product launches across various distribution channels. Sapiens’ tailored offering and comprehensive SaaS solution were key factors in their decision.
What are the key features of Sapiens IllustrationPro?
Key features of Sapiens IllustrationPro include powerful comparison tools, robust client management capabilities, and self-sufficiency for managing multiple product launches. These features collectively enhance operational efficiency and user experience.
What accolades has Sapiens IllustrationPro received?
Sapiens IllustrationPro has been recognized with Celent’s 2023 “Luminary” award and two 2023 Celent XCelent awards for Breadth of Functionality and Customer Base and Support in the North America region.
Conclusion
The partnership between Sapiens and PALIG represents a significant step forward in the modernization of insurance processes. By leveraging Sapiens IllustrationPro, PALIG is poised to enhance its operational efficiency, accelerate time-to-market for new products, and provide a superior experience for both agents and clients. As the insurance industry continues to evolve, such strategic collaborations are essential for staying competitive and embracing innovation.
In summary, Sapiens IllustrationPro offers a robust, scalable, and flexible solution that meets the diverse needs of the insurance sector. With its comprehensive features and industry recognition, it sets a new standard for life insurance product illustrations, ensuring that companies like PALIG can stay ahead of the curve in a rapidly changing market.
