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

DataPath Provider Payments Simplifies Reimbursements for Workers' Comp

For those in the claims processing industry, especially those who deal with workers' compensation ones, there is little doubt that managing provider payments can be challenging and costly. And, just like the application of automation technology is transforming all aspects of insurance business processes the payment of workers' comp is no exception. An illustration of this is the announcement from Little Rock, AR-based DataPath, who has launched an electronic provider payment solution precisely f… [ Read More ]
12/18/2014

Vlocity Insurance 2.0 Takes a Big Step in Omnichannel Insurance Service

The necessity of a multi-channel environment, even an omnichannel environment, is becoming increasingly clear at virtually every level and breed of sales. It's not enough to be parked at a desk waiting for a call, or making calls to potential customers on a cold-calling basis. Now, companies need to be ready regardless of the avenue customers may want to use, be it live chat, social media, or anything else. Vlocity, meanwhile, wants to help out on that front by releasing Vlocity Insurance 2.0, a… [ Read More ]
12/17/2014

Interactive Intelligence Honored as Great Place to Work

Interactive Intelligence honored with coveted Glassdoor Employees' Choice Award as one of U.S. best places to work. [ Read More ]
12/13/2014

Walgreens & MDLive Get Together for Telemedicine Push

It's well-known by now that telemedicine-the point where telecommunications and medicine coincide-has some significant potential to change the way we both seek and receive healthcare as we know it. But the specific developments within the field have proven to offer plenty of exciting conclusions and potential for expansion, and one new development comes from the combined efforts of Walgreens and MDLive, which will open up the telemedicine concept to Walgreens customers and connect same with doct… [ Read More ]
12/08/2014
FREE Insurance Technology enewslettter.

Events

Weekly Live Demo
Contact Center Solutions

Register Today!