FBAlliance Insurance Selects Sapiens for Core P&C Platform, Advanced Analytics

The insurer expects the CoreSuite and Sapiens IntelligencePro to accelerate growth and help the it meet new product demands.

(Image credit: Skitterphoto.)

Sapiens Americas (Raleigh, N.C.), a wholly owned subsidiary of Sapiens International Corporation (Holon, Israel), FBAlliance Insurance, a Schaumburg, Ill.-based provider of Farm Bureau insurance protection, has selected Sapiens CoreSuite for Property & Casualty and Sapiens IntelligencePro to accelerate growth and meet demand for rapid launch of new products.

Geri Powell, CEO, FBAlliance Insurance.

Among FBAlliance’s key selection criteria were self-sufficiency and a reduction in total cost of ownership and operational costs in choosing Sapiens’ CoreSuite and advanced analytics solution. The insurer will be aided in meeting those goals through the ability to easily integrate third-party technologies and data sources, run a rapid and seamless upgrade process, speedily introduce new products and generate actionable insights via analytics afforded by the Sapiens technology.

“We chose the Sapiens Property & Casualty CoreSuite as a major pillar of our technology roadmap, to speed up our growth strategy,” comments Geri Powell, CEO, FBAlliance Insurance. “We found that Sapiens CoreSuite’s product configuration architecture removes the usual limitations of a policy administration system and will enable us to offer creative products, excellent time-to-market and an enhanced customer experience. It will provide us with the flexibility we need to support our Farm Bureau partners, agents and policyholders.”

Jim Vasilou, IT Director, FBAlliance Insurance.

“Sapiens CoreSuite’s open architecture means our imagination is the only limit on the products we can provide and support, and the agent and customer experience we offer. We were impressed with the references we received from clients regarding the seamlessness of the release upgrade process, which can be complex if not handled properly,” adds Jim Vasilou, IT Director, FBAlliance Insurance.

Robust Business Intelligence Tool

“We rely heavily on analytics to help us drive business decisions, so we sought a system that could provide a robust business intelligence tool we could leverage for our analytics, dashboard and reporting needs,” Vasilou adds. “We are excited to see what insights the platform’s IntelligencePro module can provide.”

“Sapiens is proud to have served Farm Bureaus for many decades,” comments Roni Al-Dor, Sapiens president and CEO. “We are excited to partner with FBAlliance and to continue servicing additional Farm Bureaus. We appreciate FBAlliance’s vote of confidence in choosing our products and service and welcome them to our constantly growing customer base in the North American market. Pairing Sapiens’ analytics solution with our integrated P&C CoreSuite has proven to be a desirable option for Farm Bureaus and other P&C insurers.”

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Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at [email protected] or (503) 936-2803.

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