Sapiens Partnership to Help Insurers Meet ISO, NCCI Reporting Requirements

The insurance software provider’s partnership with Long Group Consultants aims to augment reporting requirements for workers’ compensation and property/casualty insurers.

(Image source: Long Group website.)

Sapiens Americas, a wholly owned subsidiary of global insurance software provider Sapiens International Corporation, (Holon, Israel), has announced a new partnership with Long Group Consultants, Inc. aiming to provide insurers the ability to meet ISO and NCCI statistical reporting requirements simply and seamlessly, while reducing costs, errors and risks. The partnership will offer workers’ compensation and property/casualty insurers with an out-of-the-box solution for statistical reporting required for data calls, submissions to bureaus or statement reconciliations.

Sapiens says its partnership Long Group Consultants will enable its customers to more easily and accurately meet strict industry requirements, including data management and other state/bureau reporting needs in the workers’ compensation (NCCI, WCSTAT & WCPOLS, Indemnity and Medical) and property/casualty (ISO) sectors. Combining Sapiens’ solutions and Long Group Consultant’s reporting expertise, the partnership will provide insurers with full-service statistical reporting capabilities, significantly reducing risk and enabling better planning for updates, according to a Sapiens statement.

Roni Al-Dor, President and CEO, Sapiens.

“We are delighted to partner with Long Group and to provide our valued customers a smarter solution that greatly improves their reporting productivity and bottom line, while lowering their risk,” comments Roni Al-Dor, president and CEO, Sapiens. “Client data is in excellent hands with our combined solution, which relieves insurers of the stress of searching, training and managing statistical analysts. It also eliminates incorrect reporting which can lead to excessive fines. Statistical reporting is a critical function.  Having this out-of-the-box capability through our partnership will reduce the reporting burden on our carrier clients.”

Relieving Insurers of Major ‘Bottleneck’

“Keeping up with reporting requirements can result in a continual flood of time-consuming and specific domain expertise-required projects, not always obtainable from IT teams,” comments Steven Long, President, Long Group. “Our partnership with Sapiens transfers the stress of reporting to us and relieves insurers of this major bottleneck insurers encounter.”

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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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