MD Insurance Services UK (MDIS) has deployed Sapiens International's Sapiens IDIT software suite for offering buildings warranty insurance, to cover their 10 year guarantees.
To be implemented as MDIS new web-based policy administration solution, the Sapiens IDIT Software Suite for General Insurance is expected to ensure readiness and compliance in the UK, followed by other selected nations across Continental Europe.
According to Sapiens, the latest online Policy Administration offering allows for quick deployment of insurance products, powered by a customer-centric management system.
MDIS managing director Gary Devaney said the company’s primary challenge is to enhance its back office software and extranet portal capabilities to provide innovative home warranty covers.
”We are impressed with Sapiens IDIT’s wide-ranging experience in the insurance sector and we consider Sapiens as a true partner to help us win this challenge," Devaney added.
Sapiens president and CEO Roni Al-Dor said, "We experience a growing interest in our insurance software solutions across Europe, and MDIS selection is a cornerstone for our UK market."
Sapiens offers end-to-end solutions for the Life & Pension, Property & Casualty, and Reinsurance markets to more than 75 insurance customers.