Insurance Technology Featured Article

Sapiens Reinsurance Selected by West Bend Mutual Insurance

July 29, 2014

Sapiens International Corporation, a provider of software solutions for the insurance industry, recently announced that its Reinsurance solution has been selected by Wisconsin-based West Bend Mutual Insurance (West Bend) to better manage and control its reinsurance business and related processes.

Sapiens Reinsurance is a business & accounting solution that supports all reinsurance contracts and activities. The solution enables insurers and brokers to handle all reinsurance activities on a single platform. By incorporating fully automated functions adapted conveniently for your business procedures, Sapiens Reinsurance provides flexible and full financial control of your reinsurance processes, including full support for all auditing requirements and statutory compliance.

"We were impressed with the technology and comprehensive capabilities offered by the Sapiens Reinsurance solution," said Heather Dunn, West Bend's vice president and controller. "The implementation of a new reinsurance system is a long term commitment, so part of our evaluation process was taking a close look at the vendor's organization. We were especially pleased with Sapiens' partnership approach and we felt their commitment to our success foreshadows how they will continue to value the relationship."

"We are seeing a growing demand from the industry for our reinsurance solution in the U.S., as well as in the global market," said Roni Al-Dor, president and CEO of Sapiens. "We strongly believe that our commitment to our clients and partnership approach bring just as much value as our software and are critical components to delivering a complete solution and sustainable value." .

Last year, Royal and Sun Alliance, a multinational general insurance group serving customers in around 140 countries, selected Sapiens Reinsurance, a comprehensive business management and accounting solution, to manage its group reinsurance portfolio. The solution provided full support for risk accumulation and exposure management, ensuring accuracy and control of all business processes via automated workflow activities and business functionality, including comprehensive audit and tracking of all business activities and accounting procedures.




Edited by Adam Brandt

Article comments powered by Disqus

Related Insurance Technology Articles

Leveraging M2M and IoT Services can Help Conventional Insurers Face Competition, says SAP Study

SAP SE stated that a recent study sponsored by it, revealed that long-standing insurance providers need to leverage and experiment with machine-to-machine and the Internet of Things and also invest more in customer-related technologies in order to gain a competitive advantage over non-insurance companies. [ Read More ]
10/21/2014

Vlocity Introduces Two New Cloud Apps Built on Salesforce1 Platform

Vlocity designs and creates industry-specific applications on the Salesforce1 platform to provide organizations with functional cloud in mobile software solutions that embed industry best practices and business processes. These applications take away all the hard work of integrating the latest technology and the processes an organization needs in one single app that can be deployed across different devices. With Vlocity, organizations are able to improve customer experience interactions across t… [ Read More ]
10/21/2014

Goji Compares and Customers Decide

When customers shop for auto insurance, the main goal is to save money and the key to saving is comparing. By comparing insurance quotes online, it's easier and quicker to assess rates from multiple carriers. Goji, the online insurance agency simplifies auto insurance with its newly launched insurance rate comparison estimator. [ Read More ]
10/08/2014

Estify Raises $1.5 Million to Integrate Insurance Estimates for Auto Body Repair

If you are involved in a car accident and asked to provide three estimates from body shops, the likelihood of getting the exact same amount is an improbability only theoretical mathematicians would be able to calculate. Auto body repair shops are notorious for the shady practices they carryout in providing their services, and the fact the Estify platform was born in the Wasatch Mountains of Utah probably underscores why this problem was not addressed in any other metropolitan city across America… [ Read More ]
10/06/2014
FREE Insurance Technology enewslettter.

Events

Weekly Live Demo
Contact Center Solutions

Register Today!