Sapiens says INSIGHT for Reinsurance V5 allows greater audit and control capabilities, and helps insurers to adhere to the latest SOX and Solvency II directives. The new release includes added functionality, significant business enhancements and a broader platform support, that provide insurers with greater control of their financial management and accounting and more technology flexibility, Sapiens adds.
Highlights of the new release, says Sapiens, include improved authorization and control; additional out-of-the-box reports and inquiries; an extension and enrichment of the data warehouse, enabling insurers to self-produce additional reports; convenient management of reinsurer and broker accounts, with respect to reconciliation activities and granularity of amounts; and multi-platform and database agnostic.