Sapiens, OneBeacon Agreement Signed

NU Online News Service, July 15, 9:44 a.m.EST?Sapiens International Corporation N.V., a globalinformation technology solutions provider, has announced a"multimillion dollar" agreement to implement a Web-enabled policyadministration system with OneBeacon Insurance.

The company said the IT agreement would be for all lines ofbusiness across multiple states. An exact dollar figure for thedeal was not provided.

According to Research Triangle Park, N.C.-based Sapiens, thesolution, which is the largest ever Sapiens eMerge contract, isintended to provide easier access to information by usingWeb-based, personalized portals for independent agents and greatlyimprove internal efficiency by consolidating and integratingdisparate IT systems.

The resulting open architecture system will allow OneBeacon toexpand its market presence, enhance customer service and reducecosts by streamlining business processes, said Sapiens.

OneBeacon is a wholly owned subsidiary of White MountainsInsurance Group, Ltd. of Hamilton, Bermuda, whose principalexecutive offices are in White River Junction, Vt.

Sapiens said OneBeacon will also have increased functionalityand will be able to respond more quickly to rate and productopportunities.

The new system will utilize IBM's WebSphere and Sapiens' eMergerules-based technology, the company said.

"Sapiens' past support of our IT needs gives us great confidenceto move our legacy systems into a new open architecture to betterserve independent agents and policyholders," said Mike Natan, chiefinformation officer of OneBeacon.

Sapiens offers solutions that modernize business processes andenable insurance organizations and other leading companies to adaptquickly to change, the company noted.

OneBeacon offers a wide range of personal, commercial andspecialty products and services, which are sold exclusively throughselect property-casualty independent agents.