Sapiens Releases Version 9 of Reinsurance Master

The latest version, integrated with Sapiens Intelligence, enhances operational efficiency, regulatory reporting, and strategic decision-making with robust business insights.

(Image source: Sapiens.)

Sapiens International Corporation, (Holon, Israel), a global provider of software solutions for the insurance industry, has announced the launch of its latest version of Sapiens ReinsuranceMaster.

Sapiens describes Reinsurance Master as a comprehensive, single platform for large and multi-national reinsurance programs, providing full financial control and flexibility across all lines of business. The solution supports the entire range of reinsurance contracts, providing full support for all auditing requirements and a consolidated view of liabilities and risks, as well as helping prevent financial leakage.

Roni Al-Dor, President and CEO, Sapiens.

The new release of Reinsurance Master, Version 9, brings a multitude of enhancements and technology stack updates, designed to empower insurers and reinsurers with robust, enriched functionality to support business requirements, according to a statement from the vendor. This includes automating global inter-company retrocession, facilitating U.S. NAIC statutory reporting (Schedule F), and real-time reinsurance allocation support (“reinsurance as a service”).

Integration with Sapiens Intelligence

Sapiens calls out as a “standout feature” the integration of Sapiens Intelligence with Sapiens ReinsuranceMaster. This integration empowers users with advanced data capabilities and actionable insights through out-of-the-box reinsurance reports and analytics of the reinsurance portfolio’s performance, the vendor says. Sapiens Intelligence, is now a fully integrated component of Sapiens ReinsuranceMaster v.9, produces actionable insights to maximize the value of data and KPIs for smarter decision making, improving reinsurance business management, the vendor says.

Additionally, the Sapiens statement relates, the new release brings significant improvements to the user experience, with a revamped user interface, enhancements in processing performance through improvements and parallel processing mechanisms, improved scalability and operability.

“With the growing significance of reinsurance in today’s volatile environment, our latest version of Sapiens ReinsuranceMaster with Sapiens Intelligence offers even greater value to insurers and reinsurers, catering to the ever-changing demands of this dynamic market,” said Roni Al-Dor, President & CEO, Sapiens. “Leveraging the shared experience from our other products as well as requirements from our global client base, the solution is now very well-positioned to support global automation of complex reinsurance programs and provide management with insights into reinsurance performance as well as statutory reporting.”

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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 AnthODonnell@IIReporter.com or (503) 936-2803.

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