Insurance solutions provider Sapiens has unveiled Version 9 of its Sapiens ReinsuranceMaster, showcasing a host of technological advancements and functional upgrades tailored to empower insurers and reinsurers.
This latest iteration serves as a unified platform for overseeing expansive and multinational reinsurance programs. It ensures meticulous financial oversight and adaptability across diverse business lines while accommodating a broad spectrum of reinsurance agreements.
Among its comprehensive offerings are robust auditing capabilities, a consolidated overview of liabilities and risks, and measures aimed at curbing financial losses.
The update introduces novel features, including automated global inter-company retrocession and refinements to meet stringent US NAIC statutory reporting requisites (Schedule F). Additionally, it provides real-time support for reinsurance allocation, dubbed as “reinsurance as a service.”
A standout enhancement is the integration of Sapiens Intelligence with Sapiens ReinsuranceMaster, bolstering data capabilities and furnishing users with exhaustive analytics and reports on reinsurance portfolio performance.
Version 9 prioritizes user experience with a revamped interface and heightened processing efficiency. These improvements, encompassing enhanced scalability and operability, are meticulously crafted to elevate the system’s overall functionality.
Roni Al-Dor, President and CEO of Sapiens, underscored the strategic significance of reinsurance in today’s landscape. He highlighted how the new version harnesses insights from the company’s global clientele and leverages synergy with other products to automate intricate reinsurance schemes while furnishing vital performance metrics and ensuring statutory compliance.
