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

Wolters Kluwer UK Selects Vlocity Insurance to Enhance Online Customer Experience

For several months the buzz around the insurance industry has been that insurers should have a sense of urgency about investing in technology, specifically those that enhance the customer experience-or suffer what some observers believe will be dire consequences for those who continue to be laggards. The message seems to be resonating as indicated by the announcement that cloud software solutions specialists, San Francisco, California-based Vlocity Inc., has been selected by the U.K. division of… [ Read More ]
05/21/2015

Flowfinity Partners with Marshall & Stevens on Improving Efficiency

While most companies believe that moving to digital services and mobile applications helps efficiency, there is now a new report that seems to underline that fact. Flowfinity Wireless, already a proven provider of enterprise mobile applications recently released a new case study that showed just how much this efficiency can be improved. This new report centered on the valuation consultancy firm, Marshall & Stevens. This firm took measures such as replacing scanned notes with mobile apps, which r… [ Read More ]
05/18/2015

Zenefits Fights Legal Obstacles in Business Model that Provides Free Software

Zenefits has found itself recently involved in several court battles with state insurance regulators over whether or not their business model constitutes an illegal rebate. It is the latest example of technology taking market share from an industry whose services are traditionally provided through brokers. [ Read More ]
05/12/2015

Guidewire Software and Capgemini to Improve Claims Processing for Zurich's UK General Insurance

In an article written on Computers and Animation Journal in 1969, computer scientist Edmund Callis Berkeley said, "Most problems have either many answers or no answer. Only a few problems have a single answer". If there is one business that seeks to find multiple answers to many of its questions, it is the insurance industry [ Read More ]
05/12/2015

Events

Weekly Live Demo
Contact Center Solutions

Register Today!