Sapiens, a provider of software solutions for the insurance industry, announced its tech contract with Applied Underwriters, a risk services firm.
Applied Underwriters has selected Sapiens ReinsurancePro to automate their reinsurance administration, accounting, analysis and reporting. The solution will enable Applied Underwriters to replace their legacy process with a platform that is streamlined, consistent and financially correct.
Sapiens ReinsurancePro automates the underwriting and administration of reinsurance, including treaty and facultative, ceded, assumed and retroceded reinsurance.
“Sapiens was our clear front runner when selecting a new reinsurance administration system because of the features and capabilities of the solution,” said Jeff Silver, Executive Vice President and General Counsel of Applied Underwriters.
Sapiens said more than 100 insurers worldwide use Sapiens’ reinsurance solutions.