US-based Continental General Insurance Company (Continental General) has partnered with Sapiens International to modernise its insurance platform and ramp up operations.
Through this collaboration, the life and health insurer also aims to scale up its long-term care insurance and third-party administrator services.
Go deeper with GlobalData
Sapiens Insurance Platform is set to support Continental General’s end-to-end insurance processes, offering rapid deployment for faster market adaptation.
The platform’s comprehensive suite includes CoreSuite for Life & Annuities, DigitalSuite, IllustrationPro, ApplicationPro and UnderwritingPro, all designed to drive insurance business growth.
CoreSuite is a configurable and unified system for streamlining the underwriting, policy, billing and claims process, while DigitalSuite is a cloud-native digital engagement tool.
IllustrationPro is a quoting and illustrations solution designed to offer rapid experience, while Sapiens ApplicationPro is a turnkey solution designed to provide a seamless workflow and lower cost.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataUnderwritingPro is an automated underwriting and new business case management system, which is configurable.
Emphasising the alliance’s significance, Continental General chief transformation officer Ayanna Burns stated: “Sapiens is the ideal technology partner because of its ability to provide a highly flexible and customisable suite of SaaS [software-as-a-service]-based solutions that is built to fit the unique needs of our company, clients and policyholders.
“Sapiens not only provides an innovative suite of solutions, but its team also brings a collaborative approach that will help us to scale up to meet complex implementation challenges involving multiple products and organisations.”
In March this year, Sapiens collaborated with Quantee, helping its users integrate the latter’s pricing software for faster product launches powered by AI and machine learning.
A month later, Reuters reported, citing sources, that Sapiens is exploring a sale and has appointed investment bank William Blair to evaluate potential buyers’ interest.
