Sapiens International Corporation (SPNS) has unveiled a new version of its RapidSure policy administration system at ACORD LOMA Insurance Systems Forum, being conducted in Orlando, US.

The newly released version, called RapidSure 8.0 launches a fully integrated and complete billing component along with advanced business process management (BPM) capability.

According to the company, RapidSure 8.0 offers new capabilities such as fully integrated billing module, business process management workflow tools and process monitors, and improved automated underwriting tools.

Also included are enhanced on-line document production capabilities, premium audit transactions for all lines of business, subscription policy tracking, risk accumulation and aggregation mapping tools and upgraded user interface tools and technology.

Sapiens North America P&C division president Dan Sobotincic said: "Our continued investment in RapidSure has enabled us to offer the new capabilities with 8.0 and provide even greater RapidSure value to our clients."

RapidSure is a component-based insurance software solution developed to meet the business requirements of North America based Property and Casualty insurance providers.

Using portal technology and dynamic user interface components, the system offers highly personalized user experience and supports all distribution channels including direct to consumer, broker, agent, as well as MGA.