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.

See also: Sapiens Releases New Version of P&C Suite

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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