IDIT™ Software Suite V.9 poised to Guarantee Advantages for Insurance Companies

Sapiens International Corporation N.V., a global provider of innovative insurance software solutions, has announced the general availability of IDIT™ Software Suite Version 9. Capable of increasing business value and competitive advantages, the new software release of IDIT delivers numerous functional and technological benefits that facilitate general insurance companies to improve product development and sales capabilities with features such as enhanced intermediary management, enhanced scheduling management of interfaces, enhanced workflow setup, and a wealth of additional features and technology enhancements, quoted a press release.

The IDIT software is an insurance system that supports all general, personal and commercial lines of business, including home owners, fleets insurance, health insurance, medical insurance and term-life insurance products.

Providing a complete set of applications to support insurance’s core operations lifecycle, the IDIT software suite includes functionalities such as policy administration, claims management, billing, and collection.

In addition, the IDIT modular software components can be customized to match specific insurance business requirements. It can also provide pre-configured functionality such as customer relationship management (CRM); product factory; workflow management; insurance accounting; business intelligence (BI/EIS); and document management.

Backed by fully secure Internet-based capabilities, the IDIT insurance system integrates all front office and back office processes, such as insurance product design, policy administration, underwriting, call center, remote users and partners.

Some of the new features incorporated in to IDIT version 9 include: enhanced intermediary management; enhanced fleet insurance management; enhanced insurance certificates inventory management; enhanced product setup features; enhanced workflow setup; enhanced batch and interface scheduling and management; and new on-screen meta data setup tool.

Roni Al-Dor, CEO of Sapiens, said in a statement, "Our continuous investment in IDIT Software Suite, backed by our insurance domain expertise, demonstrates our undisputed commitment for innovation, while increasing the business value we deliver to our customers. This efficient and powerful release contains features that will provide our customers with significant competitive advantages." Recently, IDIT Software Suite won the XCelent Award for advanced technology.

In another related news, three insurance organizations namely, Philadelphia Insurance Companies (PHLY), DirectAsia.com, and L&T General Insurance, all Sapiens International Corporation clients, were each recognized as a ‘Model Insurer’ in the Celent’s Model Insurer 2012 report.