Sapiens Insight for Reinsurance is a totally web-enabled system for the insurance market, designed to support carriers and reinsurers in the management of all types of reinsurance for property & casualty insurance and life business. It is capable of providing Acord-compliant XML and is designed to handle a global environment.
We are providing carriers with a much-needed solution that not only helps automate all their reinsurance functions but also allows various departments to manage complex reinsurance programs by dynamically altering the behavior of the system. said Martin Greenberg, Sapiens’ vice president and product manager for property & casualty and reinsurance. This new version is going to provide our customers with many customization capabilities thus enhancing user functionality as per our customers’ needs.
In addition to written and accounted premiums, the new functionality handles earned and unearned premiums along with multi-currency and multiple companies. The latest version now supports retroactive processing capability, enabling recalculation of reinsurance information with respect to a retroactive date.
