Sapiens International Corporation, (NASDAQ and TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced the deployment of Sapiens Intelligence by Old Mutual Insure (OMI), South Africa’s oldest insurance company. Sapiens’ solution will provide an enterprise-wide consolidated view of the organization’s data and support its reporting and analytics needs.
Old Mutual Insure has been a Sapiens customer since 2006, a 16-year relationship that began with the implementation of Sapiens Tia Enterprise solution for its core business, followed by the adoption of Sapiens ReinsuranceMaster for its reinsurance business. The addition of Sapiens Intelligence is the natural next step in Old Mutual’s digital transformation strategy with Sapiens.
“We were looking for an enterprise-level data platform with native connectivity to our existing systems, and Sapiens Intelligence was a perfect fit,” said Denver Naidoo, Old Mutual Insure’s Chief Data Officer. “Due to licensing issues with our hosting platform, we requested that Sapiens cut back their normal nine-to-ten-month implementation period down to six or seven months, which they were successfully able to accommodate.”
Sapiens Intelligence has a complete and optimized insurance information hub, integrating all business units and product lines into one unified and consistent organizational view.
“Old Mutual Insure now has access to a wide landscape of heterogenous systems ranging from core applications from Sapiens to third-party external data sources,” explained Roni Al-Dor, Sapiens president and CEO. “The foundational R&D that was done on this project will be brought to bear on other existing Sapiens Tia Enterprise customers, in regions across the globe.”
Sapiens Intelligence enriches processes with model outcome and predictions, optimizing the insurer’s performance – driving cost reduction as well as improving customer experience.