Sapiens has entered a vendor partnership with CalcFocus, a provider of advanced illustration software, the two insurance software vendors announced today.
CalcFocus’ illustration engine will be fully integrated into Sapiens’ core suite, enabling the Israel-based company to increase processing speed, provide needs analysis capabilities and measure inforce performance against policyholder goals. The move also helps Sapiens’ life insurance clients keep up with digital demand from tech-savvy customers, particularly millennials, it said.
"Sapiens' clients can now provide immediate illustrations to their customers and offer the best possible product, resulting in new sales via mobile devices, tablets and other digital devices," said Mike McCurley, Sapiens executive vice president, North America, in a statement.
Sapiens’ deal with CalcFocus follows previous partnerships with Life.io, a company that analyzes policyholder behavior, and Idomoo, an enterprise video technology provider.
"The integration between our organization and Sapiens enables the total policyholder experience to be informed by 'customer first' principles, with processing that understands the purpose behind the sale and strives to keep policyholder goals on track,” said CalcFocus Co-Founder, Tom McCahill.
