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Monday, April 15, 2024

Sapiens to combine Quantee’s pricing capabilities 

Insurtech firm Sapiens Worldwide has teamed up with Quantee, an organization specialising in AI-powered pricing platforms.  

This collaboration, accessible globally, will enable Sapiens’ customers to combine Quantee’s end-to-end pricing capabilities into its ecosystem.  

The mixing will improve their capability to rapidly launch and handle insurance coverage merchandise, leveraging the most recent AI and machine studying applied sciences, famous Quantee. 

Quantee mentioned that by incorporating its pricing software program as a part of their core coverage administration platform, insurers utilizing Sapiens can optimise their pricing methods and acquire a aggressive edge out there. 

Sapiens’ cloud-based software-as-a-service insurance coverage platform is designed to facilitate digital transformation with pre-integrated, low-code capabilities throughout core, information and digital domains. 

Sapiens propositions, alliances & ecosystem supervisor Amanda Ingram mentioned: “Sapiens’ prospects can acquire a aggressive edge by leveraging cutting-edge expertise to optimise pricing methods and precisely assess threat.  

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“Quantee’s superior algorithms and predictive analytics empower insurers to adapt to altering market circumstances in actual time, leading to elevated profitability, improved buyer satisfaction and enhanced threat administration. With Quantee’s options, insurers can streamline operations, minimise losses and seize alternatives for progress in a dynamic and evolving insurance coverage panorama.”   

Quantee gross sales director Scott Holmes mentioned: “Our partnership will carry important worth to insurers and managing basic brokers. Sapiens’ extremely superior platform is ideal to handle the end-to-end insurance coverage journey, and we’re thrilled that Quantee’s dynamic pricing resolution will now be accessible to Sapiens’ prospects. Sapiens’ world customers will be capable to leverage the most recent in insurance coverage pricing expertise, with on the spot deployment and monitoring in actual time.” 

Earlier this month, Sapiens expanded its presence in Canada, aiming to reinforce help for its present prospects and attain new prospects within the area.  

Moreover, in a transfer to additional drive progress for property and casualty insurers, Sapiens entered a partnership final month with DataCrest, an organization specialising in insurance coverage options.  

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