Sapiens Americas, a subsidiary of insurance software provider Sapiens International Corporation, has announced the launch of a new version of Sapiens IllustrationPro and Sapiens ApplicationPro. The new release increases value for insurers through faster time to market, reduced total cost of ownership, and enhanced digital experience and usability, the company said.

Sapiens IllustrationPro for Life & Annuities is a point-of-sale product that processes quotes and illustrations based on the input of customized criteria. ApplicationPro allows agents to easily input information using wizard-based, self-directed navigation.

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ApplicationPro is integrated with IllustrationPro, so all information is carried forward into the application, reducing the chance of errors and facilitating a straight-through processing operation.

“Sapiens is a longstanding provider of life and annuities solutions, with over 40 customers in the US and Canada alone,” said David Pidgeon, Sapiens head of life and annuity for North America. “Integrating these two independent modules is a huge value proposition, and the open architecture makes it easy to integrate into insurers’ digital environment and provide a holistic digital experience to customers.”