Sapiens International Corporation (NASDAQ and TASE: SPNS) has deployed Sapiens Reinsurance at Royal and Sun Alliance (RSA), a multi-national general insurance group, serving customers in some 140 countries, the company said.
Sapiens Reinsurance, a comprehensive reinsurance business management and accounting solution, is now managing a large part of RSA´s reinsurance arrangements.
RSA has replaced several of its Legacy IT systems to improve management and control of its external and internal reinsurance, and provide comprehensive accounting management. With the enhanced functionality provided by Sapiens Reinsurance, RSA now benefits from a single repository for all information, with support for operational reporting, accounts management, risk and financial exposure. Sapiens and RSA are continuing to work together to develop management information to support business analytics, statutory reporting and compliance.
With a 300 year heritage, RSA has major operations in the UK, Ireland, Scandinavia and Canada.
Sapiens International Corporation (NASDAQ and TASE: SPNS) is a leading global provider of software solutions for the insurance industry, with a growing presence in the financial services sector.