Sapiens International Corporation, a leading global provider of software solutions for the insurance industry, announced that Arrowpoint Capital, a company built on its experience in both run-off and active insurance business by “redefining success” through development and execution of comprehensive solutions to manage claims and satisfy policyholder obligations, has upgraded to version 8 of the cloud-based Sapiens ReinsurancePro solution.
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Arrowpoint Capital has transitioned from a previous version, a mainframe COBOL-hosted system, to Sapiens ReinsurancePro, a SQL Server/Java technology hosted system deployed over the cloud. Arrowpoint Capital will benefit from Sapiens ReinsurancePro’s faster processing and streamlined functionality. The move helps reduce operational costs and eliminated the risk of obsolete technology supporting a key application.
This upgrade follows Sapiens’ announcement that the company signed its 100th reinsurance customer.
“Arrowpoint Capital views Sapiens as a long-term and strategic vendor with extensive reinsurance knowledge and experience,” said Stewart Edgerton, Accounting Systems manager. “Its team understands the North American market and offers modern reinsurance technology over the cloud, which has empowered Arrowpoint Capital with improved flexibility and agility. This latest version of Sapiens ReinsurancePro is intuitive to use and offers innovative features.”
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