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Tuesday, May 28, 2024

Cleos Launches New Products with Sapiens SCIPSuite

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Hosted on Microsoft Azure, Sapiens’ platform empowers German pet insurers to launch products faster, easier, and more cost-efficiently.

Sapiens International Corporation, a leading global provider of software solutions for the insurance industry, today announced that German pet insurance brand Cleos has gone live with Sapiens SCIPSuite to accelerate Cleos’ underwriting, digital sales, and go-to-market processes.

Hosted on Microsoft Azure, Sapiens SCIPSuite was implemented in under three months, empowering the greenfield insurer Cleos with the digital tools to launch their first products within days. SCIPSuite provides Cleos with an end-to-end insurance platform with fully integrated policy administration and a a self-service customer portal, enabling the insurer to configure, manage, and integrate products and scale their digital sales across any channel, including embedded strategies.

“Sapiens delivered precisely what Cleos needs to kickstart our growth, plus they met our timeframe of implementation within three months,” said Ingolf Putzbach, CEO of Cleos, which is a subsidiary of Uelzener Allgemeine Versicherungs-Gesellschaft a.G. and You Are We Beteiligungsgesellschaft GmbH.

“Sapiens enabled us to gain a competitive edge in a niche market by implementing a modern low-code insurance platform, so we can develop and sell new products quickly through digital channels,” Putzbach continued. “Sapiens empowers us to address our specific customers’ needs via our online portal and partnerships within the pet care online community.”

“We are delighted that Sapiens’ comprehensive solution and industry expertise delivered immediate business value to Cleos from Day 1, to bring their greenfield to life quickly,” said Bjorn Eickmann, Senior Director, Sapiens Germany. “Cleos can respond much more quickly to touchpoints in the customer journey and save time to market, giving them a competitive gain over their competitors. It is great to see Cleos becoming one of the most promising new insurance brands in its space.”

SCIPSuite is an all-in-one solution, including fully integrated policy administration functions and self-service portals. The platform features a no-code editor to launch new products and sales channels without any programming and a flexible API layer that makes it possible to connect existing systems or a partner ecosystem easily.

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