Equitable Life of Canada launches Sapiens UW platform
Sapiens, a global provider of software solutions for the insurance industry, announced today that Equitable Life of Canada (Equitable Life) has launched Sapiens UnderwritingPro for Life & Annuities (formerly known as StoneRiver LifeSuite).
Equitable Life, a mutual life insurance company since 1920 that is based in Ontario, expects that this go-live will modernize its new business processes, including task automation. The company plans to significantly decrease turnaround times via UnderwritingPro, a web-based solution for automated underwriting and new business case management.
“After an extensive vendor and solution search, we selected Sapiens UnderwritingPro for its superior functionality, client references, depth of experience with Canadian life insurance companies and technical expertise. The ability to configure UnderwritingPro for our specific rules and processes, as well as the straight-through processing and system integration, will streamline our business.” – Karen Mason, Equitable Life’s senior vice-president of Individual Insurance.
Sapiens UnderwritingPro for Life & Annuities is part of Sapiens Platform for Life & Annuities. UnderwritingPro speeds new business processes for insurance carriers and their channels, offering an intuitive user interface with critical updates and task assignments provided on a real-time dashboard. The solution enables underwriters and case managers to work on multiple cases simultaneously.