[South Africa] SA Taxi picks Sapiens Suite to bolster growth in the minibus industry
28-02-2020 07:29:00 | by: Bob Koigi | hits: 1687 | Tags:

Sapiens International Corporation, a global provider of software solutions for the insurance industry, has announced that SA Taxi Protect, an independent financier for the minibus industry in South Africa, has gone live with Sapiens IDITSuite for Property & Casualty.

The Sapiens suite is supporting SA Taxi Protect's initiatives to provide optimal insurance solutions to finance entrepreneurs who operate minibus taxis that may not have access to credit from traditional banks. These initiatives enable and improve the safety of public transport in South Africa.

With an estimated 250,000 taxis on the roads in South Africa, comprehensive insurance offerings are imperative for keeping this industry on track and able to meet the needs of its growing population.

The high degree of functionality and seamless implementation of Sapiens IDITSuite made it the best option for supporting SA Taxi Protect's evolution.

"SA Taxi Protect is gearing up for strategic growth, as we look to enhance our position in both consumer and broker markets, improve speed to market for new products supported by agile pricing, increase operational efficiencies and reduce operational risk," said Riek Olivier, insurance executive director, SA Taxi. "We chose Sapiens as our technology partner to achieve these goals and to benefit from new digital capabilities, especially IDITSuite's fast launch and flexible pricing capabilities. The collaborative implementation process was completed on-time and within budget."

The implementation was completed within a year. Sapiens' head office in South Africa provided support throughout the project lifecycle and will continue to do so.

"Partnering with SA Taxi to help protect a vital industry strengthens Sapiens' commitment to the region," said Roni Al-Dor, Sapiens' president and CEO. "Building solutions to meet the unique needs of our customers is always rewarding and we are confident that the adoption of Sapiens IDITSuite for Property & Casualty will maximize the positive impact SA Taxi has on the minibus industry."

Sapiens IDITSuite for Property & Casualty was carefully chosen for the quality of its offering and component-based, standalone software solution. IDITSuite will maximize support capabilities and streamline current processes, including policy issuing, taxi financing and insurance claims forms. This pre-integrated, fully digital suite was designed with growth and change in mind, and offers a flexible, user-friendly workflow interface.