Sapiens launches insurance analytics solution

Sapiens International, a global provider of software solutions for the insurance industry, has launched Sapiens INTELLIGENCE, a business intelligence and advanced analytics solution specifically designed for insurers. Sapiens will highlight the new offering next week at The 2016 Life Insurance Conference in Las Vegas. The tool is designed to help today's insurers, who are struggling to glean actionable insights from large amounts of data as they formulate strategies and best determine which new products to bring to market. Integrated with both Sapiens IDIT (property/casualty) and Sapiens ALIS (life and annuity), Sapiens INTELLIGENCE is based on the technology of SAP's analytics platform. It empowers business users to leverage self-service analytics to rapidly conclusions and insights from raw data. Sapiens INTELLIGENCE is comprised of two modules:Sapiens SmartStore and Sapiens InfoMaster.  Sapiens SmartStore is a centralised data hub that houses and unifies data for all insurance reporting and analytics and Sapiens InfoMaster is an insurance-specific tool for enhanced decision-making. Roni Al-Dor, Sapiens president and chief executive officer, said: "Sapiens has mined our three decades of experience to create an innovative and fully functional analytics solution that is easily tailored to meet clients' specific needs. “Insurers will be able to unlock their silos of information and synchronize disparate data-points, resulting in data-driven decision-making that will provide tangible business benefits."