Sapiens INSIGHT would be implemented to manage the reinsurance business portfolio across the group

Financial Services Group’s Reinsurance arm has selected Sapiens to implement its reinsurance administration software, Sapiens INSIGHT for Reinsurance.

According to Sapiens, its administration software will be implemented to manage the reinsurance business portfolio across the group, besides offering services and access to users of the Reinsurance and business units. The company also claims that the INSIGHT suit has been selected due to the agility of the package to meet market requirements and regulations.

Roni Al-Dor, CEO of Sapiens, said: We are very proud to have extended our partnership with one of the world’s largest Financial Services Groups with our Reinsurance solution, offering clear business and technology benefits. This contract is particularly significant, as it adds another valuable member to the Sapiens INSIGHT insurance family.

Sapiens International is a provider of IT software suit for insurance organisations.