Tradex Insurance Co. Ltd., a commercial auto insurer, has selected Sapiens IDIT Software Suite to modernize its core insurance processing environment. Tradex selected Sapiens IDIT based on functional and technology fit for the company's processing needs and Sapiens' commitment to offer a hands on team to help with the implementation process.
"Tradex was looking for a system that would help improve our data analysis, giving us greater insight into our operations, while providing us with the flexibility and agility to adapt system business rules and processes as required," said Stephen Endean, CEO of Tradex. "We are confident that Sapiens' industry-proven suite will satisfy our needs. And the strong working relationship that was forged during the evaluation and selection phases will serve Tradex well in the future and help us embody our slogan, 'Flexible insurers of the unique.'"
The Sapiens IDIT project will include policy admin, claims, billing and collection, agent and commission management, and will fully replace Tradex's legacy environment. Anticipated benefits include: greater automation and streamlined processing; rapid time to market for product enhancements and new lines of business; improved data integrity; and lower cost of ownership.
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