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SUNZ Insurance in Production with Sapiens’ Workers’ Compensation CompSuite® Policy System

Sapiens International Corporation, (NASDAQ and TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that SUNZ Insurance (SUNZ) has gone live on CompSuite® Policy, a policy administration system that is designed specifically for workers’ compensation.

 

SUNZ selected CompSuite to support rating and policy issuance for its Professional Employer Organization (PEO) program, which specializes in workers’ compensation. Implementation took less than four months, from

kick-off to CompSuite production, enabling SUNZ to:

  •          Issue policies automatically, generating policy page endorsements and premium accounting for 46 states
  •          Support compliance reporting to Workers’ Compensation Insurance Organizations (WCPOLS)
  •          Seamlessly import master and multiple coordinated policies and associated payroll into CompSuite Policy
  •          Improve operational efficiencies and reduce overall costs, with CompSuite’s turnkey hosted solution designed specifically for workers’ compensation

“We were impressed by Sapiens’ product flexibility, workers’ compensation knowledge, PEO processing capabilities and track record of successful implementations,” said Glen Distefano, SUNZ Chief Technical Officer. “Sapiens has proven to be a true partner by understanding our business, responding to our requirements, and giving us the speed-to-market necessary to achieve our business goals.”

 

“We congratulate SUNZ on the successful implementation and welcome them to the Sapiens customer family,” said Roni Al-Dor, Sapiens’ president and CEO. “Sapiens’ looks forward to continuing to work with the SUNZ team to help them maximize the value of their investment and deliver on their business and customer objectives.”

 

CompSuite Policy is a component of StoneRiver’s enterprise CompSuite solution, which also includes claims and managed care/bill review.


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