Sapiens Partners with Cloud-based SaaS Provider Charlee™ to Empower Insurers with Intelligent Insights
Sapiens International Corporation (NASDAQ: SPNS) announced a partnership with Charlee™, a cloud-based SaaS provider, to enhance predictive insights for Property and Casualty (P&C) insurers. This collaboration will integrate Charlee™'s AI capabilities with Sapiens CoreSuite, aiming to improve claims and underwriting processes through advanced natural language processing. The partnership is intended to bolster Sapiens' offerings in the digital transformation space, providing clients with actionable insights and facilitating litigation avoidance while expanding their technological ecosystem.
- Partnership with Charlee™ enhances predictive analytics for insurers.
- Integration improves claims and underwriting processes via AI and NLP.
- Expands technological capabilities and data insights for Sapiens clients.
- None.
RALEIGH, N.C., Jan. 31, 2022 /PRNewswire/ -- Sapiens International Corporation (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that Charlee™, a cloud-based SaaS provider of AI and machine learning (ML) solutions for Property and Casualty insurers, has partnered with Sapiens to enrich and expand its intelligent insights through all data types, including internal, external, structured and unstructured.
Charlee™ supports claim and underwriting processes with predictive models and insights via natural language processing (NLP) understanding of documents and data attached to the policy/claim. Sapiens CoreSuite for Property & Casualty provides Charlee™ a deeper, more intuitive understanding of information, empowering them with significant technology benefits for their proprietary AI engine (insights & predictive analytics) for insurance. Sapiens CoreSuite for P&C enables Charlee™ to seamlessly and instantly detect high cost and litigation propensity patterns in customer claims, as well as other insights for underwriting and fraud. Partnered with Charlee™, Sapiens' proven solution provides customers with the cutting edge of litigation avoidance, unlimited data sources, insurance domain focus and prebuilt insights.
"Integrating Charlee™ AI engine for insurance with Sapiens CoreSuite for P&C provides our clients with the ability to take their claims and underwriting process to the next level. We continue to expand our partnerships to provide new business capabilities to accelerate the P&C digital transformation," said Jamie Yoder, Sapiens North America President & General Manager. "Charlee™ joins Sapiens' expansive partner ecosystem, through which we have a strategic imperative to constantly search for the latest innovations and empower our customers with the most innovative capabilities."
"Partnering with Sapiens is an exciting opportunity for Charlee™ to enable our AI engine to deliver actionable insights and predictions focused on insurance, through Sapiens industry leading CoreSuite for P&C platform," said Sri Ramaswamy, CEO, Charlee™.
Sapiens CoreSuite for P&C is an agile, modular, end-to-end solution that supports advanced automation capabilities and facilitates digital transformation.
About Charlee™
Starting in January 2016, Charlee™ (previously known as Infinilytics) entered the commercial market with the vision to empower every insurance business with insights. Headquartered in the San Francisco Bay Area, with a subsidiary in Chennai, India, Charlee™'s vision is to become the backbone for insurance through its AI engine (insights and predictive analytics). For more information visit www.charlee.ai
About Sapiens
Sapiens International Corporation (NASDAQ and TASE: SPNS) empowers the financial sector, with a focus on insurance, to transform and become digital, innovative, and agile. Backed by more than 35 years of industry expertise, Sapiens offers a complete insurance platform, with pre-integrated, low-code solutions and a cloud-first approach that accelerates customers' digital transformation. Serving over 600 customers in 30 countries, Sapiens offers insurers across property and casualty, workers compensation and life markets the most comprehensive set of solutions, from core to complementary, including Reinsurance, Financial & Compliance, Data & Analytics, Digital, and Decision Management. For more information visit www.sapiens.com or follow us on LinkedIn.
Media Contact Shay Assaraf Chief of Marketing, Sapiens
Investor's Contact Kimberly Rogers Managing Director, Hayden IR
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Forward Looking Statements
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While we believe such forward-looking statements are based on reasonable assumptions, should one or more of the underlying assumptions prove incorrect, or these risks or uncertainties materialize, our actual results may differ materially from those expressed or implied by the forward-looking statements. Please read the risks discussed under the heading "Risk Factors" in our most recent Annual Report on Form 20-F, in order to review conditions that we believe could cause actual results to differ materially from those contemplated by the forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or will occur. Except as required by law, we undertake no obligation to update publicly any forward-looking statements for any reason, to conform these statements to actual results or to changes in our expectations.
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SOURCE Sapiens International Corporation
