HDI International Specialty (HGS), a worldwide specialty insurer, has carried out the IDITSuite P&C core software program answer from Sapiens Worldwide to exchange the legacy system at its Netherlands department.
A component-based instrument, IDITSuite facilitates end-to-end core operations for short-term/non-life insurance coverage.
The cloud-first platform contains coverage, billing and claims options.
It’s designed to supply extra automation and standardisation, acknowledged the seller.
The answer can also be stated to supply globally obtainable oversight on insurance policies, knowledge, and threat exposures.
Sapiens president and CEO Roni Al-Dor stated: “Sapiens IDITSuite is an award-winning Core P&C platform with wealthy performance and ease of use and we’re joyful to companion with HGS on their transformation journey.”
The insurer’s legacy platform was not an acceptable match for its specialty operations, acknowledged HGS CEO Ralph Beutter.
“Sapiens has given us the power to shortly and simply create a bespoke system that serves our wants precisely as required,” he added.
Going ahead, HGS needs to deploy Sapiens’ know-how for digitally reworking its Belgium and Denmark operations.
The insurer, which is owned by HDI International that in flip is a part of the Talanx Group, has additionally opted for Sapiens’ digital reinsurance system.
HDI International Specialty specialises in writing company and specialty insurance coverage enterprise and has presence in 9 areas.
Sapiens affords knowledge and analytics, digital, and choice administration, reinsurance, monetary and compliance options for P&C, employees’ compensation and life markets.
The agency has a consumer base of greater than 600 throughout 30 nations.
Earlier this 12 months, Luxembourg-based P&C insurance coverage and reinsurance providers supplier Builders Insurance coverage Holdings too opted for Sapiens’ IDITSuite answer.