Multinational general insurance group Royal and Sun Alliance (RSA) has chosen Sapiens Reinsurance, a complete business management and accounting technology, to administer its group reinsurance portfolio efficiently.
Equipped with a single repository for all information, and offering support for operational reporting, management information and business analytics, statutory requirements and compliance, the technology will also deliver better management and control of RSA’s reinsurance program and global operations.
Besides this, Sapiens Reinsurance will also cater comprehensive support for risk accumulation and exposure management, ensuring accuracy and control of all business processes through automated workflow activities and business functionality, including comprehensive audit and tracking of all business activities and accounting procedures.
RSA group reinsurance operations head, Steve Lague said, "We have selected Sapiens due to the rich business functionality of its solution – Sapiens Reinsurance – combined with the professionalism of their personnel."
Sapiens International provides core, end-to-end technologies for the general insurance, property & casualty, life, pension and annuities markets, and business decision management software, globally.
Operating in 32 countries and employing nearly 23,000 staff, RSA provides products and services to 17 million customers in over 140 countries.