Sapiens Launches Enhanced CoreSuite for P&C with Upgrades to Claims, Billing, and Underwriting

Core Insights - Sapiens International Corporation launched version 13.0 of Sapiens CoreSuite for Property & Casualty, enhancing capabilities for underwriting and claims in the North American insurance market [1][4] - The new version aims to address challenges faced by clients, including visibility into underwriting, integration costs, and the need for smarter risk evaluation [2][3] - The upgrade includes AI-powered tools for faster and more accurate underwriting, improving operational efficiency and user experience [3][4] Product Enhancements - Significant performance improvements have been made across ClaimsPro, BillingPro, and PolicyPro solutions, optimizing operational efficiency and user experience [1][2] - Enhanced billing capabilities include streamlined payable statement creation and a new policy filter for faster navigation and processing [2] - The integrated suite supports policy administration, billing, and claims, allowing insurers to adapt to market changes and customer expectations [4] Strategic Context - Sapiens' long-term strategy focuses on leveraging corporate investments to support customer needs, as reflected in the new version of CoreSuite [2] - The company has a global presence, serving over 600 customers in more than 30 countries, and is recognized for its innovative offerings [5] - Sapiens is set to be acquired by Advent for $43.50 per common share, valuing the company at approximately $2.5 billion [5]