Sapiens rolls out INSIGHT for Reinsurance Solution V5

Sapiens International Corporation N.V. has released a new version of INSIGHT for Reinsurance, the company’s reinsurance software solution for reinsurance.

Sapiens 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.

Highlights of the new release 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

Multi-platform and database agnostic

Martin Greenberg, Reinsurance Product Manager, added: “our continued investment to provide a comprehensive reinsurance business solution demonstrates Sapiens’ commitment to becoming the insurance industry’s preferred software solution provider.”

Greenberg continued, “Sapiens’ deep understanding of insurers’ reinsurance needs is a key driver of our product development roadmap. Our customers, including some of the leading carriers, already enjoy the enhancements of the new release.”