Sapiens International recently introduced Sapiens Insight for Reinsurance version 3.5. The web-enabled program aims to support carriers and reinsurers in managing all their reinsurance needs for property and casualty businesses.
“We are providing carriers with a much-needed solution that not only helps automate all their reinsurance functions, but also allows various departments to manage complex reinsurance programs by dynamically altering the behavior of the system,” said Martin Greenberg, Sapiens' vice president and product manager of property & casualty and reinsurance, in a release. “This new version is going to provide our customers with many customization capabilities, thus enhancing user functionality as per our customers' needs.”
The new functions also handle earned and unearned premiums with multiple currencies and companies. The latest version also now supports retroactive processing capability.
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