Sapiens IDITSuite will provide a single overview of policies, from issuing proposals, policy documents to payments
Sapiens International Corporation, a leading global provider of software solutions for the insurance industry, announced the deployment of its cloud-first P&C platform IDITSuite with the Netherlands branch of HDI Global Specialty SE (HGS), a leading global specialty insurance provider.
HGS’ legacy system has been replaced by the Sapiens solution in order to provide greater automation and standardization, and globally available oversight on policies, risk exposures and data.
“Our previous system was not an ideal fit for our specialty business,” said Ralph Beutter, HGS CEO. “Sapiens has given us the ability to quickly and easily create a bespoke system that serves our needs exactly as required.”
Latest Fintech News: Rockhill Capital & Investments Joins Forces With Horizon Capital Partners
Following the successful implementation of IDITSuite in the Netherlands, the next HGS business units to be digitally transformed by Sapiens will be Belgium and Denmark. In addition, HGS has chosen to digitally transform its reinsurance system with Sapiens’ digital reinsurance platform, a project scheduled to begin in the near future.
“Sapiens has been extremely pleased with the high level of collaboration and partnership with HGS, leading to successful implementation within a short period of time,” said Roni Al-Dor, Sapiens president and CEO. “Sapiens IDITSuite is an award-winning Core P&C platform with rich functionality and ease of use and we are happy to partner with HGS on their transformation journey.”
Latest Fintech News: Vista Credit Partners Expands Direct Lending Business with New Appointment
Sapiens IDITSuite is a component-based, core software solution comprised of policy, billing and claims solutions. It supports end-to-end core operations and processes for short-term/non-life insurance from inception to renewal and claims.
About HDI Global Specialty (HGS)
HDI Global Specialty SE is a specialty lines insurer. It is owned by HDI Global SE, part of the Talanx Group. HDI Global Specialty’s focus is on writing agency and specialty insurance business with operations in 9 locations and access to a global network of more than 175 countries through the HDI Global SE network. HDI Global Specialty also enjoys the same financial strength as HDI Global SE.
Latest Fintech News: Curve.Finance Launches on Celo
[To share your insights with us, please write to sghosh@martechseries.com]
