Hollard Insurance Group has selected Sapiens Reinsurance to manage its entire reinsurance portfolio. Hollard is an independent insurer offering short-term and life insurance, as well as investments.
Sapiens International Corp. is a software company serving the insurance industry, with an emerging focus on the broader financial services sector. The reinsurance application has a single repository for all information, offering support for operational reporting, management information, business analytics, statutory requirements, and compliance.
Sapiens said the benefits of Reinsurance application includeimproved management and control of the reinsurance program;support for risk accumulation and exposure management;accuracy and control of business processes via automated workflow; and audit and tracking of business activities and accounting procedures.
Hollard said the cultural alignment between the two organizations serves as a good foundation for the business relationship, and that a reinsurance solution that meets its global business requirements is critical for Hollard.
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