Compare Sapiens and Agency Matrix - Oct 2022

Shlomi Lavi

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Bottom Line: Which is Better - Sapiens or Agency Matrix?

Sapiens is more expensive to implement (TCO) than Agency Matrix, and Agency Matrix is rated higher (86/100) than Sapiens (78/100). Both tools offer the same amount of features.

Looking for the right Insurance solution for your business? Buyers are primarily concerned about the real total cost of implementation (TCO), the full list of features, vendor reliability, user reviews, and the pros and cons. In this article we compare between the two software products:

StoneRiver Vs. Agency Matrix

StoneRiver: StoneRiver originated as an ensemble of best-of-breed insurance technology providers. Over the arc of our evolution, our new genetic identity emerged from that rich, diverse foundation. Today, our DNA is admired for its technical intellect, accumulated wisdom, and indestructible business ethic.StoneRiver, Inc. provides comprehensive insurance techn...

Agency Matrix: Agency Matrix was the product invention of president and founder, Manual Ochoa. During his many years in the insurance industry in Texas, Manuel’s career evolved from independent agent, to representing several Texas Managing General Agencies, and finally on to software developer. It was in 2005 that a local Texas agent and colleague of Ochoa’s pers...

Who is more expensive? Sapiens or Agency Matrix?

The real total cost of ownership (TCO) of Insurance software includes the software license, subscription fees, software training, customizations, hardware (if needed), maintenance and support and other related services. When calculating the TCO, it's important to add all of these ”hidden costs” as well. We prepared a TCO (Total Cost) calculator for Sapiens and Agency Matrix.

Sapiens accurate pricing info is available upon request (they don't share it publicly), however , On a scale between 1 to 10 Stream Suite is rated 4, which is lower than the average cost of Insurance software. Agency Matrix price starts at $49 per user/month , When comparing Agency Matrix to its competitors, the software is rated 2 - much lower than the average Insurance software cost.

Bottom line: Sapiens is more expensive than Agency Matrix.

Which software includes more/better features?

We've compared Sapiens Vs. Agency Matrix based on some of the most important and required Insurance features.

Sapiens: Billing & Invoicing, Document Management, Quoting.

Agency Matrix: Data Import/Export, Basic Reports, Online Customer Support.

Target customer size

Sapiens's typical customers include: Small, medium and large size businesses, Agency Matrix is suitable for insurance agents, insurance companies and industries providing financial services.