Policy Administration logo

Policy Administration

by StoneRiver · Since 1982
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ActiveAvailable globallyCloud
Quick facts
VendorStoneRiver
Year launched1982
StatusActive
Location395 West Passaic Street, Suite 490 Rochelle Park, NJ 07662
Countries servedGlobal
Languages3
IntegrationsN/A
Free tierNO
Free trialNO
Contact salesYES

About Policy Administration

Sapiens delivers intelligent, cloud-enabled insurance software that helps insurers design products faster, automate decisions with AI, streamline policy administration, improve customer engagement, and scale operations globally through integrated digital platforms built specifically for modern life, property, and reinsurance businesses worldwide.

Sapiens is an enterprise insurance software platform developed by Sapiens International designed to help insurers modernize core operations and accelerate digital transformation across policy administration underwriting claims billing analytics and customer engagement processes The platform combines configurable core systems advanced decisioning tools and cloud architecture enabling insurers to launch products faster adapt to regulatory change integrate data sources and automate complex operational workflows Using embedded artificial intelligence analytics and open APIs Sapiens supports end to end insurance lifecycle management from product configuration and distribution to servicing claims settlement and reporting Its modular architecture allows insurers to deploy specific capabilities independently or as a complete suite across life health property casualty and reinsurance markets The platform also supports digital portals agent management customer self-service and ecosystem integrations helping insurers enhance experiences reduce operational costs improve agility and gain actionable insights from data driven intelligence Ultimately Sapiens enables insurance organizations to innovate faster operate efficiently scale securely and compete effectively in rapidly evolving global insurance markets while supporting compliance modernization strategies and long term business growth objectives across multiple regions and distribution

Pros & Cons

Pros
  • Improves insurer operational efficiency through automation, analytics, and scalable cloud architecture.
  • Supports end to end insurance lifecycle management across multiple insurance segments.
  • Accelerates insurance product development and reduces time to market significantly.
  • Enhances customer and agent experiences through modern digital self service portals.
Cons
  • Implementation may require significant organizational change and technical transformation planning.
  • Requires skilled technical teams for customization integration and long term maintenance.
  • Complex platform may require extensive training for operational and administrative users.

Features

Key features

AI Decisioning

Automates underwriting, claims processing, and operational decisions using advanced artificial intelligence models.

Core Insurance Management

Centralized systems supporting policy administration, billing, underwriting, and claims operations.

Cloud Deployment

Scalable cloud infrastructure enabling faster deployments, upgrades, and global accessibility.

Product Configuration

Allows insurers to design and launch insurance products quickly without complex coding.

Advanced Analytics

Provides real-time insights, reporting tools, and predictive analytics for data-driven strategies.

Additional features

Policy Administration

Manages policy lifecycle processes including creation servicing renewals endorsements efficiently.

Claims Management

Automates claims intake validation investigation settlement tracking across insurance operations.

Billing Management

Supports invoicing payment tracking billing schedules and financial reconciliation processes.

AI Decision Automation

Improves operational decisions using predictive analytics artificial intelligence technologies.

Digital Portals

Provides self service portals for customers agents brokers partners interactions.

Pricing

Free trial
Free version
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Countries & Languages

Global
Countries served
3
Interface languages
19
Billing currencies

Interface languages

EnglishGermanSpanish

Billing currencies

🇺🇸USD🇪🇺EUR🇬🇧GBP🇦🇺AUD🇨🇦CAD🇯🇵JPY🇨🇭CHF🇸🇬SGD🇭🇰HKDCNH🇸🇪SEK🇳🇴NOK🇩🇰DKK🇮🇳INR🇦🇪AED🇸🇦SAR🇿🇦ZAR🇳🇿NZD🇰🇷KRW

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