The insurer anticipates a variety of efficiency benefits, rapid product deployment, and the freedom of its underwriters to focus on more high-value tasks.
ProcessOne will replace SIUPREM’s legacy payment processing solution and provide the insurance finance company with its ContactOne solution’s digital customer interaction capabilities.
Micheals will lead the underwriting strategy and execution across the company’s portfolio of specialty risk solutions in the U.S.
The Chainsure and WealthChain solutions are designed to help insurers and financial services firms combine blockchain technology with enterprise capabilities to impact multiple areas of their value chains.
The solution helps insurers manage crop portfolio risk and optimize their company’s stakeholder value under current yield, price, and crop insurance program uncertainties.
CLARA helps workers’ compensation claims organizations to improve the medical management of claimants while reducing the costs of claims with easy-to-use AI-based solutions.
The new solution, based on the vendor’s Arias product family, addresses actuarial departments’ challenges, including process inefficiencies, data management, workflow, reporting, and compliance.
The Latvia-based supplier of digital capabilities and consulting services adds a center of excellence for digital engagement staffed by 50 digital experts to Sapiens’ Digital Division.
The company says the capital will allow it to grow its sales and marketing teams, expand into additional U.S. markets and execute on its product roadmap.
The acquisition expands the firm’s marketshare in California, and gives customers access to new markets and 24/7 online service.