Sapiens’ solution powers Hollard Insure’s digital strategy to create a one-stop-shop for brokers
Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that it has expanded its relationship with the Hollard Insurance Company (Hollard), to empower Hollard’s strategic digital drive with Sapiens cloud-native, low-code DigitalSuite.
When Hollard Insure, the short-term division of the Hollard Insurance Company, was looking to modernize their technology stack, but keep the legacy back-end, they turned to Sapiens. The large-scale modernization is aimed at digitizing products and journeys through a low-code, digital front-end with strong integration capabilities. Hollard, already a long-term partner of Sapiens, with Sapiens CoreSuite for Life & Pension and Sapiens ReinsuranceMaster, chose to further leverage Sapiens’ digital expertise, superior UI/UX experience and international insurance-specific best practices.
Sapiens’ solutions, facilitated by Microsoft Azure’s cloud technology, played a key role in Hollard’s successful transformation. Sapiens DigitalSuite provided the path to low-code digital freedom they were seeking, including Sapiens Journey & Form Composer and Sapiens API Conductor (ACE).
Collaborating as one united team with Sapiens, Hollard Insure provided an Accident & Health Product solution as part of a pilot to a specific market segment, which was previously not possible. This will enable growth in the market segment, but more importantly it laid the foundational building blocks to scale the solution to other products.
“This inclusive design process working as one combined team with Sapiens will have a profound effect on Hollard Insure, not only by renewing the technology and decommissioning legacy systems, but presenting an opportunity for significant growth and sustainability,” said Claus Massmann, Head of Personal Lines at Hollard Insure. “The project enables cost savings and reduces complexity and enables us to achieve our end-state architecture – with revolutionised broker engagement.”
“We are excited to extend our long-term relationship with Hollard and power them forward in their journey to create a competitive edge in the digital age of insurance,” said Roni Al-Dor, Sapiens President and CEO. “Our low-code solutions and business process design tools provide Hollard Insure the ability to offer a superior customer experience to their customers.”
Designed exclusively for the insurance market by the industry’s leading digital experts, Sapiens Journey & Form Composer are integral components of Sapiens enriched DigitalSuite, empowering business users to introduce and manage journeys without having to write code. Sapiens API Conductor (ACE) integrates with third-party systems as well as legacy, core and backend systems to extend the services insurers can digitally provide their customers and agents, enabling them to leverage the data on their systems and make API orchestration and customization simple for business users.
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