Sapiens International, a provider of business solutions to insurance and financial industry, has launched a new version of Insight for Reinsurance solution V5, a reinsurance software solution.

According to Sapiens Insight for Reinsurance v5 allows better audit and control capabilities, and helps insurers to adhere to the latest SOX and Solvency II directives.

This new release includes added functionality, business enhancements and a wider platform support, that help insurers to have better control of their financial management and accounting with technical flexibility.

Sapiens said that the features of the new release include: improved authorization and control; additional reports and inquiries; an extension and enrichment of the data warehouse; and convenient management of reinsurer and broker accounts, with respect to reconciliation activities and granularity of amounts.