Soleadify Partners with Sapiens to address the misclassification of Small and Medium Size Businesses during insurance underwriting
(Toronto, Canada) Soleadify, an AI-based small and medium-sized business (SMB) data company, are pleased to announce their strategic partnership with – Sapiens International Corporation, a leading global provider of software solutions for the insurance industry, to reduce the common misclassification of SMBs during the commercial insurance underwriting process.
By combining Soleadify’s accurate and comprehensive company data with industry-leading software, Sapiens further expands its digital transformation capabilities through an improved business validation and industry classification solution for brokers and carriers alike. Sapiens
clients in the UK, Europe and North America can immediately benefit from enhanced quote-to-bind conversion ratios and improved underwriting accuracy that addresses preventable premium leakage.
“Our partnership with Sapiens reflects our commitment to providing the most accurate SMB data available through insurance industry leaders. Sapiens has a great track record of enabling insurers to successfully change and transform their operations, and we’re excited to help their clients’ elevate their commercial insurance practices with better SMB data” said Florin Tufan, founder and CEO at Soleadify.
Sapiens International Corporation empowers the financial sector, with a focus on insurance, to transform and become digital, innovative, and agile. Backed by 40 years of industry expertise, Sapiens offers a complete insurance platform, with pre-integrated, low-code solutions and a cloud-first approach that accelerates customers’ digital transformation.
“We believe that big data is a key innovation driver in today’s insurance market. Soleadify uses ML models to generate exceptional coverage of SMBs with very accurate business classifications. With their experience of improving underwriting accuracy, we believe they will be an ideal partner for Sapiens’ large variety of clients!” said Amanda Ingram, Propositions, Alliances & Ecosystem Manager of Sapiens.
Soleadify is a new-age data vendor that specialises in Business Data. They maintain a weekly-updated database of over 70 million Company Profiles. Their data covers every aspect of a business from identification, locations and classification to product offerings, ESG topics and more. Soleadify employs advanced scrapers and machine learning to comprehend the ever-expanding business landscape and offer the resulting data through APIs tailored for data science teams to enable making business decisions at scale.
For more information, please visit www.soleadify.com.
Stefan Gergely, Head of Growth, Soleadify