London-based automated risk, compliance and regulation software specialists, Albany Group has signed a partnership agreement with Sapiens, a leading global provider of software solutions for the insurance industry to provide an end to end regulatory & compliance solution integrated with Sapiens global P&C Policy Administration Platform.
Traditionally highly regulated, the global reporting requirements in the insurance industry are often rigorous. Albany’s technology solution, Conect™ helps to manage and organise all regulatory, compliance, contractual and professional needs of any extensive supply chain, allowing companies to identify risk and stay compliant. The software also allows insurers to create a bespoke global network with its partners for seamless collaboration. The partnership between Sapiens and Albany Group will enable Sapiens’ customers to more easily and more accurately meet strict industry regulatory requirements while reducing costs, errors and risks.
“We are delighted to partner with Albany Group and to provide our valued customers with a solution that greatly improves their regulatory compliance and efficiency, while lowering their risk,” said Ori Sarid, Ecosystem Partner Management, Sapiens. “Our joint solution relieves insurers of the stress of aligning, managing and tracking regulatory, contractual and professional documentation and filings.”
Stewart Griffiths, CEO and co-founder of Albany Group said: “We have been long term admirers of the advances that Sapiens’ technology has delivered for the global insurance market. Having mutual clients, we have worked together to further simplify software integration for regulatory compliance to add further value to our clients at the touch of a button.”