Sapiens International Corporation, a global provider of software solutions for the insurance sector, has announced a strategic partnership with a leading European-based global insurer.
The unnamed insurer will deploy Sapiens’ ReinsuranceMaster and DataSuite SaaS solutions to drive digital transformation across its London Market operations, according to FF News.
The insurer is the first in the London Market to adopt Sapiens’ ReinsuranceMaster with LORS and USM functionalities—an important step in reinsurance digitalisation.
The deal will replace the insurer’s legacy systems with an integrated SaaS solution aimed at improving efficiency and data-driven decision-making.
Sapiens ReinsuranceMaster enables full financial control, auditing, and consolidated risk management across large-scale reinsurance programmes, while also helping reduce financial leakage.
Sapiens DataSuite offers a modular, insurance-specific platform for generating actionable insights and improving strategic planning through better data use.
The technology is expected to deliver long-term value and may serve as a model for other London Market insurers moving toward digital transformation.
“We are proud to support our client in their reinsurance business management and accounting processes and to ensure they remain at the forefront of innovation and customer service,” Sapiens president and CEO Roni Al-Dor said. “The partnership exemplifies Sapiens’ ability to deliver cutting-edge solutions for the world’s most sophisticated insurance markets, setting a new standard for other specialty insurers and syndicates in the London Market.”
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