Sapiens International Corporation | November 04, 2020
Sapiens International Corporation, a leading global provider of software solutions for the insurance industry, today announced the launch of IDIT Go, a pre-configured, cloud-native solution that streamlines implementation and operations, enabling general (non-life) insurers to rapidly launch new offerings. The completeness of the solution, together with Sapiens' agile methodologies, deliver tangible business benefits within a very short time frame, at a fixed price.
Sapiens' fully digital solution, IDIT Go, is a cloud-first platform that delivers benefits only the cloud can provide, including streamlined upgrades, 24/7 accessibility from anywhere, increased operational efficiencies and security. By also providing full managed services in the cloud, Sapiens enables insurers to focus on their core business objectives without worrying about IT.
IDIT Go can be deployed within just a few months, with complete core PAS capabilities. IDIT Go is a new, pre-configured version of the Sapiens IDITSuite core insurance solution and provides access to a diverse array of product configurations for personal and commercial lines.
Designed to offer 'plug 'n play' business functionality and enhanced user experience, IDIT Go provides the following key benefits: faster time to market based on low-code architecture, digital-first configurable portals, resilient policy administration system (PAS), and cloud-native benefits and scalability for future growth.
"Empowering insurers in their quest to be more agile and adapt to ever-changing market requirements is at the core of Sapiens' mission. IDIT Go is a scalable solution that serves as a catalyst for growth," said Roni Al-Dor, Sapiens president and CEO. "IDIT Go leverages our depth of industry expertise, innovative technology and robust capabilities to ensure we support our clients' needs in every step of their digital transformation and assist them to achieve a rapid time to value."
IDIT Go also features a menu of open APIs, which offers P&C providers full access to Sapiens' insurtech ecosystem, enabling the quick addition of tools for customer engagement, sales and marketing, product enhancements and more. IDIT Go serves established industry players, greenfield insurers and digital startups alike. The solution offers multi-lingual, multi-currency and multinational functionality.
Sapiens International Corporation empowers insurers to succeed in an evolving industry. The company offers digital software platforms, solutions and services for the property & casualty, life, pension & annuity, reinsurance, financial & compliance, workers' compensation and financial markets. With more than 35 years of experience delivering to more than 500 organizations globally, Sapiens has a proven ability to satisfy customers' core, data and digital requirements.
Cision PR Newswire | October 06, 2020
CGI and Fennia Mutual Insurance Company have expanded their strategic relationship. CGI will assume responsibility for a majority of Fennia's IT services under a contract valued at approximately 48 million euros. Under the new agreement, CGI will manage Fennia's application development and maintenance services and also provide support services for Fennia's end-users and operating environments. Fennia will benefit from CGI's strong combination of business consulting, systems integration and managed IT services to support its ambitious digital transformation journey. The agreement also includes the transition of about 60 Fennia IT employees to CGI.
Sapiens | July 23, 2021
Sapiens International Corporation, a leading global provider of software solutions for the insurance industry, announced today a collaboration with Munich Re, one of the world's leading providers of reinsurance, primary insurance, and insurance-related risk solutions, to provide technology-led consultancy and services to enable primary insurers to serve better the commercial insurance market (small and medium-sized businesses).
The commercial insurance market in the United Kingdom is one of the fastest-growing insurance sectors in the country. However, until recently, this market has been underserved, with few insurance packages suited to the segment's specific demands and expectations. Sapiens and Munich Re will collaborate with insurers to help them better target and address this market promptly. The combined solution aims to provide insurers with a modular, scalable technology refresh that allows them to tailor services to the expanding SME sector and actively participate in the post-COVID-19 recovery period.
The Sapiens/Munich Re collaboration complements the recent rise in government-backed and retail banking SME support initiatives, such as backed-loan schemes, increased infrastructure spending, tax exemptions, and restart grants, which are fueling the recovery. According to aggregated Companies House registrations, over 200,000 new companies have been established in the UK this year, with the bulk centered on retail, business services, and construction. Because of the industry's push toward digital, coverage explanation, flexible offers, verified self-selection, and how commercial insurers adapt their customer journey are all important.
About Munich Re
Munich Re is a global leader in reinsurance, primary insurance, and insurance-related risk solutions. Munich Re has exceptional, innovative strength and is a key driver of the insurance industry's digital transformation. Munich Re is one of the world's most sought-after risk partners for businesses, institutions, and private individuals because of its tailor-made solutions and close connectivity to its clients.
Sapiens International Corporation enables insurers to succeed in an ever-changing industry. Sapiens provides digital software platforms, solutions, and services to the property and casualty, life, pension and annuity, reinsurance, financial and compliance, workers' comp, and financial sectors. Sapiens has over 35 years of expertise delivering to over 600 organizations worldwide, demonstrating a proven ability to fulfill clients' core systems, data, and digital requirements.