Sapiens International, a global provider of insurance softwaresolutions, announces the introduction of the latest version of itsRapidSure Policy Administration System.

New features include an integrated and comprehensive billingcomponent along with advanced business process management (BPM)capability. This is part of the Sapiens roadmap commitment todeliver a full suite to the North American P&C market.

“The utilization of astandard open source workflow engine andtoolset allows Sapiens' RapidSure to deliver the robustness andflexibility insurance companies require to automate their workprocesses across their organization,” says Alfred Goxhaj, CIO withPhiladelphia Insurance.

Enhancements and new capabilities offered with RapidSure version8.0 include:

• Fully integrated billing module;
• Business process management workflow tools and processmonitors;
• Improved automated underwriting tools;
• Greater configuration capabilities, offering carriers morecontrol of automated rules, workflow and business processmanagement, and the ability to adapt to changing market,regulatory, and business requirements;
• Enhanced on-line document production capabilities;
• Premium audit transactions for all lines of business;
• Subscription (co-insurance) policy tracking;
• Risk accumulation and aggregation mapping tools; and
• Upgraded user interface tools and technology.

Commenting on the new RapidSure release, Dan Sobotincic,president, Sapiens North America p&c division, says, “Ourcontinued investment in RapidSure has enabled us to offer the newcapabilities with 8.0 and provide even greater RapidSure value toour clients. We are especially excited to offer the new billing andBPM capabilities, which positions RapidSure as one of the mostadvanced solutions.”

“We continue to invest in RapidSure to deliver to theP&C market the most advanced software solutions,” says RoniAl-Dor, president and CEO of Sapiens. “We work closely with ourcustomers and with the industry analysts to further develop ourroadmap and deliver leading edge solutions of this market.”