Insurance Technology Featured Article

IDITSoftware Suite Version 9 by Sapiens International Corporation Unveiled

February 24, 2012

Sapiens International Corporation N.V., a global provider of insurance software solutions, announced the latest version of its general insurance system, IDIT Software Suite Version 9.

Capable of increasing business value and competitive advantages, the new software release of IDIT delivers numerous functional and technological benefits that facilitate general insurance companies to improve product development and sales capabilities with features such as enhanced intermediary management, enhanced scheduling management of interfaces, enhanced workflow setup, and a wealth of additional features and technology enhancements, quoted a press release.

The IDIT software is an insurance system that supports all general, personal and commercial lines of business, including home owners, fleets insurance, health insurance, medical insurance and term-life insurance products.

Providing a complete set of applications to support insurance’s core operations lifecycle, the IDIT software suite includes functionalities such as policy administration, claims management, billing, and collection.

In addition, the IDIT modular software components can be customized to match specific insurance business requirements. It can also provide pre-configured functionality such as customer relationship management (CRM); product factory; workflow management; insurance accounting; business intelligence (BI/EIS); and document management.

Backed by fully secure Internet-based capabilities, the IDIT insurance system integrates all front office and back office processes, such as insurance product design, policy administration, underwriting, call center, remote users and partners.

Some of the new features incorporated in to IDIT version 9 include: enhanced intermediary management; enhanced fleet insurance management; enhanced insurance certificates inventory management; enhanced product setup features; enhanced workflow setup; enhanced batch and interface scheduling and management; and new on-screen meta data setup tool.

Roni Al-Dor, CEO of Sapiens, said in a statement, "Our continuous investment in IDIT Software Suite, backed by our insurance domain expertise, demonstrates our undisputed commitment for innovation, while increasing the business value we deliver to our customers. This efficient and powerful release contains features that will provide our customers with significant competitive advantages."

Recently, IDIT Software Suite won the XCelent Award for advanced technology.

In another related news, three insurance organizations namely, Philadelphia Insurance Companies (PHLY), DirectAsia.com, and L&T General Insurance, all Sapiens International Corporation clients, were each recognized as a ‘Model Insurer’ in the Celent’s Model Insurer 2012 report, reported TMCnet.




Edited by Rich Steeves

Article comments powered by Disqus

Related Insurance Technology Articles

Mitchell Enhances WorkCenter Solution with New Dispatch Tools

Mitchell, a company serving Property & Casualty (P&C) claims and Collision Repair industries with its technology, connectivity and information solutions, has announced that it has included new enhancements to the Dispatch module of the WorkCenter claims management solution. [ Read More ]
07/22/2014

Oscar Gives Millenials the Healthcare They Want

The "young invincibles" of the millennial generation may finally be courted by the healthcare industry, thanks in part to the health insurance provider Oscar. [ Read More ]
07/17/2014

High Satisfaction Levels - a Fillip for Claims Insurers

Auto Insurance companies in Canada that process claims can take heart in the fact that customers are significantly more satisfied with their work in 2014 than in the previous year. The J.D. Power's 2014 Canadian Auto Claims satisfaction study report reveals that insurers have made greater efforts to process claims faster, and this has had a positive impact on satisfaction. [ Read More ]
07/16/2014

SAP Survey Reveals Insurers Want ICT Infrastructure for Speed and Agility

The insurance industry worldwide, like so many other verticals, is in the midst of disruptive changes that are rapidly transforming the ways in which insurers package and sell products and services, and how they engage customers throughout the claims life cycle. In fact, all insurance lines of business are hotly contested, putting a (pardon the pun) "premium" on product innovation, delivery and enhancing the customer experience. [ Read More ]
07/15/2014
FREE Insurance Technology enewslettter.

Events

Weekly Live Demo
Contact Center Solutions

Register Today!