Haverford Holdings Limited, provider of property/casualty insurance and reinsurance globally, has picked Sapiens IDIT as a centralized application for policy administration, claims and billing. The application will be used throughout Haverford’s group of insurers.
The first implementation, valued at $1.5 million, will be for the direct motor line, which will be offered through St. Bernard Assure Limited.
“We selected Sapiens IDIT for this mission-critical project because of its intuitive, guided modern and customer–oriented user interface,” said William Fawcett, CEO of Haverford Services. “These aspects associated with the suite’s impressive workflow and business rules engines which are based on a structured architecture offered a solution that completely fit with our business needs.”
Sapiens said the IDIT software will be deployed as the common application for multiple countries and enable Haverford to standardize policy administration processes on a centralized platform, facilitate business development by making new product launches easier, reduce IT costs and improve customer satisfaction.
“We are proud of being selected by Haverford for this multi-year cutting-edge project. The project implementation, which is already well under way, will provide Haverford a superior functionality of policy administration, product factory, rating, underwriting and workflow rule engine across multiple channels,” said Yoel Amir, managing director, general insurance and non-life at Sapiens. “We are dedicated to the success of this partnership and look forward to providing the best insurance technology solution that addresses Haverford’s global strategy.”
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