COPIC Insurance Expands Relationship with Sapiens to Modernize and Accelerate its Underwriting Processes
Sapiens DigitalSuite is a flexible, cloud-native, component-based digital platform specifically designed for insurance.
The goal of implementing Sapiens digital solution is to enhance the customer experience, while maintaining disciplined underwriting integrity. Sapiens DigitalSuite will enhance COPIC's current manual quote/indication/bind processes so they can provide customers an efficient path to apply for medical professional liability insurance coverage with COPIC.
"We are expanding our relationship with Sapiens to modernize our underwriting processes for an improved customer experience. This will greatly reduce the amount of time our underwriters and staff spend manually recording and reporting indications and quotes. With the automation and acceleration of policy creation and committal, we can enable our customers to attain policies as quickly and effortlessly as possible," said
"We are delighted to extend our relationship with COPIC and empower them to harness digital disruption and use new cloud technologies to their benefit. Sapiens digital solutions enables COPIC to reinvent customer journey standards and create a streamlined, effortless, consumer-focused process," said
Sapiens CoreSuite for Medical Professional Liability is the only solution on the market today developed specifically for the complexity of the medical professional liability market's processing needs. Sapiens end-to-end, core insurance solution supports individuals, groups, hospitals and institutional businesses through the entire policy lifecycle, from policy quoting to claim resolution. Sapiens DigitalSuite is a flexible, component-based platform that allows insurers to simply achieve their goals and tailor their digital solutions to their needs, no matter where they are in their digital transformation process.
About
Founded in 1981, COPIC's mission is to improve medicine in the communities they serve. COPIC is committed to improving medical outcomes and invests in education, risk management programs, patient safety initiatives, and other resources. Today, COPIC is recognized as a trusted partner for physicians, medical professionals, group practices, health care facilities, and hospitals. Headquartered in
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Certain matters discussed in this press release that are incorporated herein by reference are forward-looking statements within the meaning of Section 27A of the Securities Act, Section 21E of the Exchange Act and the safe harbor provisions of the
While we believe such forward-looking statements are based on reasonable assumptions, should one or more of the underlying assumptions prove incorrect, or these risks or uncertainties materialize, our actual results may differ materially from those expressed or implied by the forward-looking statements. Please read the risks discussed under the heading "Risk Factors" in our most recent Annual Report on Form 20-F, in order to review conditions that we believe could cause actual results to differ materially from those contemplated by the forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or will occur. Except as required by law, we undertake no obligation to update publicly any forward-looking statements for any reason, to conform these statements to actual results or to changes in our expectations.
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