South Africa's Old Mutual Insure selects Sapiens for complete data and analytics solution
Sapiens International Corporation, a global provider of software solutions for the insurance industry, announced the deployment of Sapiens Intelligence by Old Mutual Insure (OMI), South Africa's oldest insurance company, to provide an enterprise-wide consolidated view of the organization's data and support its reporting and analytics needs.
Roni Al-Dor, President and CEO, Sapiens: ''Old Mutual Insure now has access to a wide landscape of heterogenous systems ranging from core applications from Sapiens to third-party external data sources. The foundational R&D that was done on this project will be brought to bear on other existing Sapiens Tia Enterprise customers, in regions across the globe.''
Old Mutual Insure has been a Sapiens customer since 2006, a 16-year relationship that began with the implementation of Sapiens Tia Enterprise solution for its core business, followed by the adoption of Sapiens ReinsuranceMaster for its reinsurance business. The addition of Sapiens Intelligence is the natural next step in Old Mutual's digital transformation strategy with Sapiens.
Denver Naidoo, Chief Data Officer, Old Mutual Insure: ''We were looking for an enterprise-level data platform with native connectivity to our existing systems, and Sapiens Intelligence was a perfect fit. Due to licensing issues with our hosting platform, we requested that Sapiens cut back their normal nine-to-ten-month implementation period down to six or seven months, which they were successfully able to accommodate.''
Sapiens Intelligence has a complete and optimized insurance information hub, integrating all business units and product lines into one unified and consistent organizational view. Sapiens Intelligence enriches processes with model outcome and predictions, optimizing the insurer's performance – driving cost reduction as well as improving customer experience.