Germany is expected to become a leading strategic market for Sapiens cloud-based IDITSuite and digital offerings
Sapiens International Corporation, a leading global provider of software solutions for the insurance industry, announced that after acquiring German-based insurtech sum.cumo in January 2020 it has tailored its Sapiens IDITSuite for Property & Casualty and Sapiens ReinsuranceMaster to the DACH region – Germany, Austria and Switzerland. Discussions with potential customers in the region are already underway.
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IDITSuite and ReinsuranceMaster are fundamental components of Sapiens Platform for Property & Casualty, an end-to-end, cloud-based platform with advanced digital capabilities. It can be implemented as a pre-integrated platform, or as standalone modules. The platform addresses all P&C carrier needs across all lines of business and distribution channels, offering a wealth of digital features.
“This is an ideal time for Sapiens to establish a leading presence in the DACH market,” said Roni Al-Dor, Sapiens president and CEO. “There are more than 400 potential customers in the region and many insurers still use their homemade, legacy IT systems. We believe that the DACH region, with its low insurance software adoption rate and large number of commercial, specialty and risk providers, will be a significant growth driver and one of our largest business regions in the next two to three years.”
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Continued Al-Dor: “sum.cumo’s solid local presence and customer base are expected to be critical success factors for Sapiens’ operation in the DACH region. We envision that the combination of an award-winning P&C platform, backed by a highly professional local team with expertise in insurance and digital, will truly differentiate Sapiens’ proposition.”
“Sum.cumo is an established and rapidly growing company in the DACH region. We will continue to serve our existing and future customers, promoting IDITSuite, along with our extensive digital insurance know-how,” said Björn Freter, founder and managing director, sum.cumo. “As the Sapiens DACH division, we are excited to begin adapting products to the customers’ needs in collaboration with their teams.”
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