The solution's service-oriented architecture provides a complete Web services library of all key features and functions. Using customer and agent portals, or their own portals, carriers are able to build and extend functionality as needed. For example, the P&C policy module offers out of sequence and cross-term endorsement processing, full audit capability, comparative rating, configurable screen flows and the ability to process personal, commercial and/or specialty lines of business. The billing module provides for equity billing, direct bill, agency bill and/or account bill. The system's claims module offers complete claims tracking, including reserves, payments, expenses, salvage, subrogation, losses by peril and sub-peril, adjuster notes, 1099 tracking, catastrophe, field checks, claims correspondence and standard reports.
June 07, 2009 Cary, N.C.-based Sapiens released Sapiens INSIGHT Express for P&C, a modular policy administration suite targeted to small and medium-sized carriers that provides policy, billing, claims and reinsurance modules, as well as other components such as imaging and correspondence. The modular suite allows for quick implementation, typically 90 days or less, according to Sapiens.