(Image credit: Clodagh Da Paixao/Unsplash.)
Hollard Group Risk (HGR, Johannesburg) has implemented Sapiens’ (Holon, Israel) platform CoreSuite for Life & Pensions. Hollard Group Risk is a division of Hollard Life Insurance Company Limited. The announcement marks Sapiens’ first Group Risk implementation in South Africa.
Sapiens reports that HGR’s legacy systems are being replaced by the vendor’s solution to provide efficient processing to drive down operational costs via significant automation for customers, alliance partners and HGR staff, and provide them with a seamless user experience.
“Working with Sapiens was incredibly satisfying and beneficial for our organization and its people,” comments Duran Chetty, Chief Operating Officer, HGR. “We are very pleased to have launched alongside Sapiens a focused solution that can handle our existing business volumes with ample room to accommodate expected growth.”
Cloud-First, Digitally Enhanced
Sapiens describes its CoreSuite for Life & Pensions as an end-to-end, cloud-first, digitally enhanced Policy Administration System, for individual and group products, across Life, Health, Wealth, and Pensions. It is a modern, flexible solution enabling customer-centricity and improved time-to-market.
“We are excited to see the culmination of this complex project,” comments Roni Al-Dor, president and CEO, Sapiens. “Going live with a new core system for a Life & Pensions insurer is a challenge requiring considerable effort on both our part and that of HGR. It was a pleasure to do this work together with the amazing team of professionals at HGR, and we look forward to working together on subsequent projects.”
Sapiens says it expects to further expand its relationship with HGR in the near future by launching Sapiens Intelligence, a data and analytics solution that integrates insurers’ data to produce actionable insights that maximize its value.