Sapiens International Corporation, (NASDAQ and TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced  that Applied Underwriters, Inc.®, a global risk services firm, selected Sapiens ReinsurancePro to automate their reinsurance administration, accounting, analysis and reporting. The solution will enable Applied Underwriters, Inc.® to replace their legacy process with a platform that is streamlined, consistent and financially correct. Sapiens ReinsurancePro efficiently automates the underwriting and administration of reinsurance, including treaty and facultative, ceded, assumed and retroceded reinsurance. “With the significant growth of our product offering and reinsurance portfolio, it is no longer sensible to track and book…

Levitan, Sharon a leading Israeli law firm in the area of Insurance and Reinsurance joined together with Clyde & Co, a leading global law firm, which specializes in insurance, transport, infrastructure, energy, and trade and commodities, to offer services in the Insurtech area. At a reception at Clyde & Co’s office which took place on 14 March 2022, Clyde & Co hosted a delegation of startups, members of the Israeli Insurtech Accelerator headed by Kobi Bendelak. The reception guests included members of the insurance industry, lawyers from Clyde & Co and Levitan, Sharon and a range of people who are…

The last couple of years transformed the insurance industry as much as any other service-orientated sector. As CEO of the only born-in-the-cloud, data-driven platform for brokers, agents, and MGAs, I wanted to share three trends we believe will drive digital transformation through 2022 and beyond. Hybrid working. According to Accenture’s Future of Work Study 2021[1], 83% of global workers surveyed said they prefer a hybrid model over remote working at least 25% of the time. The survey also shows that 63% of high-revenue growth companies have already enabled hybrid models. As of 2020, remote working method proved its effectiveness. However, some companies are concerned about the home-working…

Vesttoo, a leading AI-based insurance-linked investment platform, today announced the global expansion of its leadership team to include key industry veterans who will manage the company’s offices in London, Seoul, as well as Dubai. The seasoned executives include the former CEO of Allianz Global Corporate and Specialty UK, former CEO of AIG Korea, and a former high-ranking manager at Investbridge Capital. They will oversee Vesttoo’s market penetration in Europe, Asia, and the Emirates, and will be instrumental in reaching the company’s $7bn capacity target. “Our number one focus is to create diversified insurance-linked investment options with multiple access points for investors…

Representatives from 103 organizations last week went on the stage of the East functions hall in Tel Aviv to receive excellence awards in the IT Awards competition – the People and Computers magazine’s computer excellence competition – for IT ventures carried out in the past year. Menorah Mivtachim received the “Champion of Champions” award in this year’s competition, having won a series of prizes in a range of categories, in respect of 31 projects, including the Cloud Customer 360 Picture, leads management in the Salesforce system, premiums and personal claims systems, self-development of 14 projects in the digital transformation category.…

Q&A with Gabi Peles, CEO at Puls What is the service that PULS offers? Peles: Puls is serving the dynamic needs of the modern homeowner keeping their home at its best by providing a wide array of quality, fast, and reliable home services delivered via a value-added home care and warranty plans. Puls tech-enabled platform provides local home repair technicians the work and software to build and grow a repair business and solve for a global shortage of skilled workforce. What Value does it provide? Peles: Forward looking protection for home systems as well As access to same or…