Sapiens Signs Portugal Deal

Sapiens International Corporation (NASDAQ and TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced that a leading insurance company in Portugal, both in life and non-life, selected to implement Sapiens ReinsuranceMaster. ReinsuranceMaster will enable the insurer to better manage its global, complex and diversified insurance product sales network of reinsurance business for life and non-life sectors by improving efficiency and expanding capabilities.

Sapiens’ solution provides comprehensive support for multi-company organizations with complex structures, including affiliated reinsurance, multi-currency calculations, cash settlements and GL accounting, optimizing complex operations and improving efficiencies of scaleManaging and optimizing reinsurance coverage is a critical task, and this is especially true for multinational insurance companies. Insurers need a reinsurance software solution that enables them to handle all reinsurance activities on a single platform, and provides full financial control and auditing support of reinsurance contracts and activities for all lines of business.

“Our client was seeking a proven, flexible and modern reinsurance solution with a capacity for tracking policy and claims transactions, that automates complex accounting tasks and is flexible enough to change with new terms and conditions,” said Roni Al-Dor, Sapiens president and CEO. “We are excited to provide this leading insurer with the powerful Sapiens ReinsuranceMaster solution and enable them to leverage our vast experience with a multinational customer base.”

Sapiens ReinsuranceMaster offers complete support for all types of reinsurance contracts – treaty & facultative, proportional & non-proportional, ceded and assumed business. All activities are maintained in one easy-to-use, cloud-based, web-based user solution, with extensive and comprehensive, automated process allocations and fully automated retroactive processing support. More than 100 insurers worldwide use Sapiens’ reinsurance solutions.

About alastair walker 8709 Articles
20 years experience as a journalist and magazine editor. I'm your contact for press releases, events, news and commercial opportunities at Insurance-Edge.Net

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