Greenfield Direct Insurer Quantum Selects Sapiens P&C Software Suite

The solution will enable the start-up insurer to provide a unique, digitalized and seamless customer experience that will be accessible from any device.

(Suitable direct insurance mascot? The ornate day gecko is native to Mauritius. Photo credit: Luke J. Harmon.)

Quantum II Ltd., a newly launched P&C insurer in Mauritius offering medical insurance on a direct basis, has selected Sapiens’ (Holon, Israel) IDIT Software Suite with cloud deployment. The solution will enable the start-up insurer to provide a unique, digitalized and seamless customer experience that will be accessible from any device, the vendor asserts. The IDIT suite will serve as a platform for Quantum’s goal of launching direct insurance operations in several African countries.

“We chose Sapiens based on its proven ability to quickly deliver a software suite featuring rich functionality and the most modern technology,” comments Ashok Prayag, chief executive officer at Quantum.

(Related: IBEXI Acquisition to Extend Sapiens Footprint in Asia-Pac Region)

Effy Hochstein, CIO, Hertshten Group.

Effy Hochstein, CIO, Hertshten Group.

Sapiens IDIT supports international and domestic markets via its multi-company, multi-branding, multi-currency and multi-lingual capabilities, a vendor statement notes. The solution supports diverse lines of business within a single policy, offers several insured objects and assets, and dynamic questionnaires.

“Sapiens offered the best fit and technology, with built-in cost savings and industry best practices,” adds Effy Hochstein, CIO at Hertshten Group, the Mauritius-based international investment firm that owns Quantum.

Lower TCO

“Our state-of-the-art technology has been proven to enable insurers to enter markets quickly with new and innovative products, while reducing their total cost of ownership,” comments Gary Sherne, president of Sapiens’ General Insurance and Reinsurance division. “We look forward to establishing a long and mutually beneficial partnership with Quantum.”

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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