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Sapiens launches new business decision management technology for insurance

IBR Staff Writer Published 09 May 2013

Sapiens International, a provider of innovative software solutions for the financial services industry, has unveiled a new business decision management service(BDMS), known as DECISION for Insurance.

DECISION for Insurance has been designed to enable L&P and P&C carriers to build, maintain and leverage a centralized repository of reusable business rules and logic.

In addition to improving time to market responsiveness, the BDMS will provide a single source to carriers for enhanced business decision making, easier compliance, better governance, and improved efficiencies.

The new insurance specific solution gives the carrier full control of decision execution throughout the enterprise, and consistency across multiple systems.

DECISION Sales and Operations executive vice president Tomer Srulevich said the solution provide a simple and elegant way to fulfill a carrier's need for rules clarity and fast reusability of existing logic, and their desire for a technology independent solution as a point-of-truth for the invaluable company asset found in the business logic.