Sapiens International Corporation, a gobal software solutions provider for the insurance industry, has partnered with Atain, a leading property and casualty (P&C) insurance company.
The partnership aims to address Atain’s need for an upgrade from its legacy solution in order to keep pace with its rapid growth expectations in the coming years. The P&C insurance company also aims to increase its speed to market and improve management of new product rollouts.
Sapiens, with over 40 years of industry expertise, provides a cloud-based SaaS insurance platform that offers pre-integrated, low-code capabilities across core, data and digital domains. This accelerates the digital transformation of their customers. Its product, the CoreSuite for P&C SaaS solution, is an integrated suite designed to cater to all P&C insurer needs. This includes policy administration, claims, automated decision, reinsurance, data and analytics, as well as a full suite of digital applications.
Atain is a property and casualty insurance company known for serving niche programs and excess & surplus (E&S) markets. Atain offers professional liability, general liability, and commercial multi-peril risks underwriting services and is licensed in all 50 states in the United States. It is a member of H.W. Kaufman Group, which operates over 60 offices worldwide and employs over 2,000 professionals.
The implementation of the Sapiens CoreSuite for P&C is projected to complete within 18 months. It is expected to provide Atain’s specialty lines with more automation and standardisation, enhancing the company’s capacity to address the increasing volume and complexity of their growing customer base, and enable it to quickly respond to new market opportunities.
Chris Zoidis, Atain president & CEO said, “Sapiens will be instrumental in helping us strengthen our operational capacity, reach our expansion goals, and offer the best service experience to our clients. Our enhanced capabilities will allow us to best address the increasing volume and complexity of our growing customer base and quickly respond to new market opportunities.”
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