(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.
“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.”