Sapiens Worldwide, an insurance coverage trade software program supplier, has launched an up to date model of its Sapiens ReinsuranceMaster.
This enhancement focuses on growing operational effectivity, streamlining regulatory reporting and bolstering decision-making by in-depth enterprise insights.
Sapiens mentioned the replace is designed to cater to the evolving calls for of the reinsurance market.
Sapiens ReinsuranceMaster is a platform for managing in depth and multinational reinsurance programmes.
The answer is designed to assist the complete spectrum of reinsurance contracts, meet auditing necessities and supply a unified perspective on liabilities and dangers.
The newest model of Sapiens ReinsuranceMaster introduces options such because the automation of worldwide inter-company retrocession, assist for US NAIC statutory reporting (Schedule F) and real-time reinsurance allocation.
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Furthermore, the corporate introduced the combination of Sapiens ReinsuranceMaster with Sapiens Intelligence, which affords property and casualty and life insurers superior information capabilities, enabling them to generate actionable insights and maximise information worth.
The combination is predicted to allow customers to entry complete reinsurance stories and analytics to evaluate their reinsurance portfolio’s efficiency extra successfully.
The brand new launch additionally boasts substantial person expertise enhancements together with a redesigned interface and enhanced processing efficiency by optimisation and parallel processing mechanisms.
Sapiens president and CEO Roni Al-Dor mentioned: “With the rising significance of reinsurance in right now’s unstable setting, our newest model of Sapiens ReinsuranceMaster with Sapiens Intelligence affords even larger worth to insurers and reinsurers, catering to the ever-changing calls for of this dynamic market.
“Leveraging the shared expertise from our different merchandise in addition to necessities from our international shopper base, the answer is now very well-positioned to assist international automation of complicated reinsurance programmes and supply administration with insights into reinsurance efficiency in addition to statutory reporting.”
The launch comes as Sapiens is reportedly exploring strategic choices for its enterprise, together with a possible sale.
The corporate, valued at practically $2bn, has engaged funding financial institution William Blair to gauge curiosity from potential acquirers.
