(Image source: Builders homepage.)
Builders Insurance Holdings S.A (Steinfort, Luxembourg), a global provider of property/casualty insurance and reinsurance services based in Luxembourg, has selected Sapiens’ (Holon, Israel) end-to-end core solution to transform its legacy system.
Fabrice Volkaerts, Group COO, Builders Insurance Holdings.
Sapiens IDITSuite and Sapiens Intelligence will enable the transformation of Builders’ numerous legacy systems in its general direct insurance business, according to a Sapiens statement. The vendor says its core solution will provide Builders with the most updated functionalities to accelerate its digital operations and support its plans for multi-national business expansion.
“Sapiens not only offers a leading core solution to meet our needs, but they have the industry knowledge and expertise to help us grow our business and accompany us in our journey,” comments Fabrice Volkaerts, Group COO, Builders. “With its global footprint and industry expertise, Sapiens is an invaluable partner in all our endeavors.”
Builders Direct operates in Germany, Belgium, Luxembourg, Norway and the U.K. The specialty insurer required a new solution to ensure better handling of its wide range of services, according to the Sapiens statement.
Complete Insurance Data Hub
Roni Al-Dor, President and CEO, Sapiens.
“Sapiens is delighted to serve as a trusted partner in Builders’ growth plans and to accelerate their short and long term needs as a specialty line customer,” says Roni Al-Dor, President and CEO, Sapiens. “We are fully aligned with Builders’ vision to onboard to the latest technology. Sapiens is pleased to enable Builders to integrate all of their data into a complete insurance hub, gaining operational insight to finetune critical processes across the entire life insurance value chain.”
Sapiens describes IDITSuite as a component-based, core software solution comprised of policy, billing and claims solutions. IDITSuite supports end-to-end core operations and processes for the short-term/non-life insurance from inception to renewal and claims. Sapiens Intelligence is an out-of-the-box solution with a full industry standard data management model.
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