Sapiens International Corporation, (NASDAQ and TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced the launch of its latest version of Sapiens CoreSuite for Property & Casualty for the North American insurance market.

The new release delivers insurers a multitude of functional and performance improvements, as well as enhanced security features. V12.0 is an integral part of Sapiens Insurance Platform, a future-proof, AI-based, open and integrated platform. The release fully supports the platform’s digital persona layer and expands the robust core business capabilities. The release is available to all North American CoreSuite P&C customers.

“This latest release accelerates the pace of innovation and value delivery to our customers,” said Roni Al-Dor, Sapiens President and CEO. “We’ve improved the consistency of our data, to help insurers leap the hurdles of data migration and ensure their data is consistent and AI-ready. The value-added enhancements of the new version reflect our long-term strategy to leverage corporate investments in support of our customers.”

The new release significantly improves efficiency of billing, database storage for policy and billing, and customer synchronization implementation. The release also increases the functionality of Sapiens’ powerful formula capabilities, syncing seamlessly with Sapiens ClaimsPro for Property & Casualty, Sapiens PolicyPro, and Sapiens BillingPro.  These enhancements further improve the efficiency, ease of use, and automation of the platform. Enhancements to ClaimsPro include the introduction of reporting tables to enable near real-time reporting, augmented deductible tracking capabilities, extended notes capabilities for sent or received correspondence, and enhanced Hi-Marley™ text support for when a case is re-assigned. These enhancements allow for rapid access to claims data from any reporting tool or system, and significantly improve the overall claims customer experience.

Sapiens CoreSuite for Property & Casualty is a truly integrated suite to address all North American P&C insurer needs, including policy administration, billing, and claims. The solution empowers P&C insurers to quickly adjust to market and regulatory changes, evolving customer expectations, natural catastrophes and the constant emergence of new competitors, by including automated decision, reinsurance, data & analytics and digital applications for a completely modernized landscape.