The vendor helped the insurer increase revenues from their traveler’s health insurance by over 20 percent and reduce medical visit claim costs by 14 percent during the first half of 2019.
While we don’t know what the future will hold for payments with the evolution of new digital payment protocols, wallets and cryptocurrencies, we can be certain the payments revolution is just beginning.
Multi-state commercial insurer to leverage Guidewire’s industry platform to modernize its business operations and increase efficiency.
The insurer seeks to provide a simplified process for consumers and business owners to protect their income, as well as service their ongoing and changing needs.
The Canadian general insurer will leverage Guidewire Core and Data products in the cloud to drive innovation and speed-to-market and increase business growth.
Moving core systems to the cloud is part of the insurer’s broader agenda of digital transformation and technology innovation.
The contract extension follows successful cooperation in Latin America and Iberia between FRISS and Munich Re’s Global Consulting Unit.
Led by Forte Ventures and Sandbox Insurtech Ventures, the round includes participation from the vendor’s existing investor, MassMutual Ventures.
The no-code, end-to-end enterprise software vendor will use the funds to drive expansion into new geographic and vertical markets and grow its engineering team.
This partnership is part of Sapiens’ strategy to help its customers better mitigate risk and reduce fraud, improve the customer journey for low-risk policies and claims, and make innovative InsurTech solutions easily available to its customers.