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Insurtech firm Sapiens Worldwide has teamed up with Quantee, an organization specialising in AI-powered pricing platforms.
This collaboration, out there globally, will enable Sapiens’ customers to combine Quantee’s end-to-end pricing capabilities into its ecosystem.
The mixing will improve their skill to shortly launch and handle insurance coverage merchandise, leveraging the most recent AI and machine studying applied sciences, famous Quantee.
Quantee mentioned that by incorporating its pricing software program as a part of their core coverage administration platform, insurers utilizing Sapiens can optimise their pricing methods and acquire a aggressive edge out there.
Sapiens’ cloud-based software-as-a-service insurance coverage platform is designed to facilitate digital transformation with pre-integrated, low-code capabilities throughout core, knowledge and digital domains.
Sapiens propositions, alliances & ecosystem supervisor Amanda Ingram mentioned: “Sapiens’ prospects can acquire a aggressive edge by leveraging cutting-edge know-how to optimise pricing methods and precisely assess danger.
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“Quantee’s superior algorithms and predictive analytics empower insurers to adapt to altering market situations in actual time, leading to elevated profitability, improved buyer satisfaction and enhanced danger administration. With Quantee’s options, insurers can streamline operations, minimise losses and seize alternatives for progress in a dynamic and evolving insurance coverage panorama.”
Quantee gross sales director Scott Holmes mentioned: “Our partnership will convey important worth to insurers and managing common brokers. Sapiens’ extremely superior platform is ideal to handle the end-to-end insurance coverage journey, and we’re thrilled that Quantee’s dynamic pricing answer will now be out there to Sapiens’ prospects. Sapiens’ world customers will have the ability to leverage the most recent in insurance coverage pricing know-how, with prompt deployment and monitoring in actual time.”
Earlier this month, Sapiens expanded its presence in Canada, aiming to boost help for its current prospects and attain new prospects within the area.
Moreover, in a transfer to additional drive progress for property and casualty insurers, Sapiens entered a partnership final month with DataCrest, an organization specialising in insurance coverage options.
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