West Bend Mutual Insurance Co., which offers P&C insurance products, has selected the Sapiens Reinsurance application from Sapiens International Corp. Sapiens offers software applications for the insurance industry.
Sapiens Reinsurance is a business and accounting application designed to support reinsurance contracts and activities for all lines of business. The software product enables insurers and brokers to handle reinsurance activities on a single platform.
Sapiens’ application will enable West Bend to manage and control its reinsurance business and related processes. West Bend selected Sapiens Reinsurance based on its functions and ability to adhere to tight timelines. The implementation already is underway, with the launch planned for the end of 2014.
“We were impressed with the technology and comprehensive capabilities offered by the Sapiens Reinsurance solution,” said Heather Dunn, West Bend’s VP and controller. “The implementation of a new reinsurance system is a long term commitment, so part of our evaluation process was taking a close look at the vendor’s organization. We were especially pleased with Sapiens’ partnership approach and we felt their commitment to our success foreshadows how they will continue to value the relationship.”
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