Sapiens Launches IDIT Go, a Cloud-Based, 'Plug 'n Play' P&C / General Insurance Solution

Rhea-AI Summary

Sapiens International Corporation (NASDAQ: SPNS) has launched IDIT Go, a pre-configured, cloud-native solution aimed at enabling general insurers to quickly implement new offerings. This platform enhances operational efficiencies, offers 24/7 accessibility, and supports rapid deployment within months. Key advantages include low-code architecture, customizable portals, and compatibility with Sapiens' insurtech ecosystem via open APIs. IDIT Go caters to various market needs and promotes digital transformation in the insurance sector, reflecting Sapiens' commitment to innovation and client support.

Positive

• Launch of IDIT Go offers rapid deployment for insurers.
• Cloud-native platform enhances operational efficiency and security.
• Access to a diverse array of product configurations.
• Low-code architecture allows faster time to market.
• Menu of open APIs supports customer engagement and product enhancements.

Negative

• None.

HOLON, Israel, Nov. 3, 2020 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced the launch of IDIT Go, a pre-configured, cloud-native solution that streamlines implementation and operations, enabling general (non-life) insurers to rapidly launch new offerings. The completeness of the solution, together with Sapiens' agile methodologies, deliver tangible business benefits within a very short time frame, at a fixed price.   

Sapiens' fully digital solution, IDIT Go, is a cloud-first platform that delivers benefits only the cloud can provide, including streamlined upgrades, 24/7 accessibility from anywhere, increased operational efficiencies and security. By also providing full managed services in the cloud, Sapiens enables insurers to focus on their core business objectives without worrying about IT.

IDIT Go can be deployed within just a few months, with complete core PAS capabilities. IDIT Go is a new, pre-configured version of the Sapiens IDITSuite core insurance solution and provides access to a diverse array of product configurations for personal and commercial lines.

Designed to offer 'plug 'n play' business functionality and enhanced user experience, IDIT Go provides the following key benefits: faster time to market based on low-code architecture, digital-first configurable portals, resilient policy administration system (PAS), and cloud-native benefits and scalability for future growth.

"Empowering insurers in their quest to be more agile and adapt to ever-changing market requirements is at the core of Sapiens' mission. IDIT Go is a scalable solution that serves as a catalyst for growth," said Roni Al-Dor, Sapiens president and CEO. "IDIT Go leverages our depth of industry expertise, innovative technology and robust capabilities to ensure we support our clients' needs in every step of their digital transformation and assist them to achieve a rapid time to value."

IDIT Go also features a menu of open APIs, which offers P&C providers full access to Sapiens' insurtech ecosystem, enabling the quick addition of tools for customer engagement, sales and marketing, product enhancements and more. IDIT Go serves established industry players, greenfield insurers and digital startups alike. The solution offers multi-lingual, multi-currency and multinational functionality.

About Sapiens

Sapiens International Corporation empowers insurers to succeed in an evolving industry. The company offers digital software platforms, solutions and services for the property & casualty, life, pension & annuity, reinsurance, financial & compliance, workers' compensation and financial markets. With more than 35 years of experience delivering to more than 500 organizations globally, Sapiens has a proven ability to satisfy customers' core, data and digital requirements. For more information: www.sapiens.com.

Media Contact
Alex Zukerman
CMO and Chief of Strategy, Sapiens
+972 546 724 910
alex.zukerman@sapiens.com

 

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SOURCE Sapiens International Corporation

FAQ

What is IDIT Go by Sapiens International Corporation?

IDIT Go is a pre-configured, cloud-native solution that allows general (non-life) insurers to rapidly launch new offerings and streamline operations.

When was IDIT Go launched by Sapiens?

IDIT Go was launched on November 3, 2020.

What are the key benefits of Sapiens' IDIT Go?

Key benefits of IDIT Go include faster deployment, cloud-native advantages, enhanced user experience, and access to a wide range of product configurations.

How does IDIT Go support insurers' digital transformation?

IDIT Go offers a low-code architecture, customizable portals, and open APIs, enabling insurers to adapt quickly to market changes and enhance operational efficiencies.

Who is the target audience for IDIT Go?

IDIT Go is designed for established industry players, greenfield insurers, and digital startups in the insurance sector.