RALEIGH, North
Carolina and HOLON, Israel,
March 19, 2020
/PRNewswire/ -- Sapiens International Corporation,
(NASDAQ: SPNS) (TASE: SPNS), a leading global provider of
software solutions for the insurance industry, today announced it
has entered into an agreement to partner with HazardHub, a
third-generation provider of property-level hazard risk databases.
The company's scientists convert massive amounts of geospatial
digital data into easy-to-understand and actionable risk
assessments.
HazardHub's real-time, comprehensive sets of risk data will be
integrated into the Sapiens CoreSuite for Property &
Casualty – which is comprised of three fully integrated, yet
standalone components: policy, billing and claims – to improve
carriers' underwriting efforts.
"P&C insurance carriers require real-time, property risk
information and straight-through processing to shape more accurate
underwriting decisions," said Bob
Frady, CEO of HazardHub. "By offering the best hazard
datasets available, along with our easy to understand 'scores' that
give a quick yet comprehensive look at any property in the
continental United States, our
technology positively impacts P&C insurers' underwriting
capabilities in a proven and meaningful way."
"Sapiens' proven ability to apply smart technologies to the
P&C underwriting process attracted us to this partnership and
we look forward to helping Sapiens and its customers by supporting
them in their innovation efforts," continued Frady.
"This is just the latest example of Sapiens' commitment to
continuously improve the functionality and reach of our products,
as well as our efforts to better penetrate the North American
P&C market," said Roni Al-Dor,
Sapiens president and CEO. "This partnership will equip Sapiens
P&C customers in North America
with immediate access to the information necessary to facilitate
straight-through processing and an enhanced agent and customer
experience."
Sapiens CoreSuite helps North American carriers meet and exceed
today's requirements, while preparing them for the future.
Purpose-built for the P&C market, carriers can choose to
harness Sapiens' end-to-end, cloud-based P&C insurance software
with digital capabilities, or select from our individual modular
components to meet today's needs.
About HazardHub
HazardHub is your insurance policy against property risk.
Air. Fire. Water. Earth. Man-Made. Property Characteristics –
HazardHub spans the most dangerous perils in the continental
United States. HazardHub
translates huge amounts of geospatial digital data into easy to
understand answers, providing easy to comprehend risk scorecards
that are used to make real-world decisions. Our team of
scientists provides comprehensive and innovative national coverage
for risks that destroy and damage property. With more than
10,000,000 results returned to the market, HazardHub is fast
becoming the industry's go-to vendor for property and risk data.
For more information: www.hazardhub.com.
About Sapiens
Sapiens International Corporation empowers insurers to succeed
in an evolving industry. The company offers digital software
platforms, solutions and services for the property and casualty,
life, pension and annuity, reinsurance, financial and
compliance, workers' compensation and financial markets. With
more than 35 years of experience delivering to over 500
organizations globally, Sapiens has a proven ability to satisfy
customers' core, data and digital requirements. For more
information: www.sapiens.com.
Media Contact
Aaron
Kliner
Vice President, Headline Media
IL: +972-548-143-742
U.S.: +1-516-595-1843
UK: +44-(0)207-048-4244
aaron@headline.media
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SOURCE Sapiens International Corporation