Sapiens Reinsurance solution will improve efficiency and enable auditable processing
to better serve partners
Sapiens, a leading global provider of software solutions for the insurance industry, announced
today that AEGIS, a leading mutual insurance company, has selected Sapiens ReinsurancePro
to enhance their internal controls processes, automated calculations and reporting. Sapiens
ReinsurancePro replaces AEGIS’ complex combination of disparate custom applications and
spreadsheets to streamline and optimize processes.
“Implementing Sapiens Reinsurance solution will help us manage the increasing volume and
complexity of our ceded reinsurance strategy and quickly respond to new reinsurance
offerings,” said Scott Schenker, AEGIS Senior VP & CIO. “Sapiens’ solution stands out in the
industry for its proven ability to automate complex reinsurance requirements and improve
efficiency. The solution will expand our capabilities to manage complex structures and total
capacity, within a competitive cost structure.”
“We are very pleased to empower AEGIS in their quest for full financial control of the
reinsurance processes and to enable them to increase efficiency by streamlining the
process,” said Jamie Yoder, Sapiens North America President & General Manager. “Our
platform enables AEGIS to take ownership of their data and proactively conduct analysis on
that data instead of relying on IT or external parties, so they can better serve their
customers.”
Sapiens ReinsurancePro supports all types of reinsurance processing, regardless of volume,
in one comprehensive and powerful reinsurance system, empowering insurance companies
to manage and automate the underwriting and administration of reinsurance, including
treaty and facultative, ceded, assumed and retroceded reinsurance.
About AEGIS
AEGIS is a leading mutual insurance company that provides liability and property coverage,
as well as related risk management services, to the energy industry. Its policyholders
represent virtually the entire energy infrastructure in North America, including electric and
natural gas utilities, related energy companies, oil & gas exploration and production
companies, water utilities, and transmission & distribution companies. For more information
visit www.aegislink.com/
About Sapiens
Sapiens International Corporation (NASDAQ and TASE: SPNS) empowers the financial sector,
with a focus on insurance, to transform and become digital, innovative, and agile. Backed by
40 years of industry expertise, Sapiens offers a complete insurance platform, with preintegrated,
low-code solutions and a cloud-first approach that accelerates customers’ digital transformation. Serving over 600 customers in 30 countries, Sapiens offers insurers across
property and casualty, workers’ compensation and life markets the most comprehensive set
of solutions, from core to complementary, including Reinsurance, Financial & Compliance,
Data & Analytics, Digital, and Decision Management.
