June 27, 2023 – PROVO, UTAH - Smarty, the location data intelligence leader, has teamed up with Sapiens, a global provider of software solutions for the insurance industry, to help insurers take their business-critical location data to the next level.
With access to Smarty's cutting-edge tools, Sapiens customers can now transform the way they underwrite policies, manage risk, and process claims. Leveraging Smarty's technology allows insurers to refine risk profiles, write more profitable policies, insure properties more effectively, and improve the claims lifecycle while simultaneously reducing costs, risk, and liability.
Insurers who partner with Sapiens and Smarty can take advantage of the following benefits:
- Accelerate Straight-Through-Processing – Facilitating straight-through processing by preventing bad address data at the entry point, so pre-verified addresses can be used with confidence to write more accurate policies and better process claims.
- Acquire New Clients – Helping streamline the customer experience through address autocompletion while also preventing errant data from disrupting insurers' processes and making it easier for clients and prospects to submit their information.
- Conduct Better Risk Analysis With Rooftop Geocoding – Taking address data and translating it into highly accurate latitude and longitude coordinates, allows insurers to compare a structure’s proximity to high-risk areas, which can make or break a policy’s profitability.
- Validate and Geocode Non-USPS Addresses – Verifying and geocoding over 210 million U.S. postal and non-postal addresses, which allows for a greater possibility of straight-through processing.
- Take Advantage of Lightning-Fast Processing – Providing quick, hyper-accurate access to location data through address verification and geocoding without the aggravation and extra costs associated with on-site installations.
“We are always seeking to offer the most accurate intelligence in the fastest, most efficient ways to our clients. Our partnership with Smarty was a great strategic choice for supporting our property casualty customers with reliable address validation,” said Christopher Merkel, Sapiens’ VP and Chief Architect.
"This partnership is a game-changer for the insurance industry. Insurers can now access the location data they need to make better business decisions, enhance operational efficiency, and achieve broader geographic coverage," said Rob Green, Smarty's Chief Revenue Officer.
For more information on Smarty or to try Smarty's Address Verification tools click here.
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Andrew Townsend
Trent Howell