May 6, 2021

Why are so many insurers choosing Sapiens for software?

Sapiens
Insurance
software
digitalstrategy
William Girling
2 min
Sapiens appears to be an enduring favourite for insurance software, but what digital strategy is attracting industry-leading companies to be customers?
Sapiens appears to be an enduring favourite for insurance software, but what digital strategy is attracting industry-leading companies to be customers...

Israeli software developer Sapiens International Corp. lists some of the world’s leading insurance companies as customers, including Hiscox, Tokio Marine, and AXA.

Founded in 1982, Sapiens offers full-spectrum insurance solutions, platforms and services across several key markets:

  • P&C
  • Life and pensions
  • Workers compensation
  • F&C

Moreover, leveraging its almost four decades of experience and an extensive partner network, the company is capable of satisfying customers’ digital requirements, data management, and decision making.

With the insurance industry beginning to pivot towards a strategy that embraces digital technologies, as well as the next-gen opportunities for process automation and product personalisation, it appears that the value of enablers like Sapiens is rising.

The importance of thought leadership

Both the diversity and sophistication of Sapiens’ technology have been attested by its victory in winning the ‘Xcelent Award for Breadth of Functionality 2020 in New Business and Underwriting Systems: North America Life Insurance Edition.’

Beyond simply being a software provider to the insurance industry, however, the company is also proactively engaged with its trends. As such, it regularly publishes thought leadership articles, e-books, white papers, and a blog. These have covered topics such as:

Resolving customer pain points

It is not unreasonable to conclude that Sapiens’ combination of quality products and up-to-date industry expertise is the key to its continued success.

The insurance industry is in a state of flux as it seeks to redefine itself within a market being infiltrated by ecosystems of companies based in the tech sector. Survival for incumbents is predicated on forging strong partnerships, and this is a need on which software providers can capitalise.

In fact, Roni Al-Dor, President and CEO, confirmed in a recent press release detailing its new partnership with US life and annuity provider GCU that this has always been Sapiens’ approach.

“Sapiens’ comprehensive, end-to-end life platform enables insurers to select the solutions that will most benefit their business. Our industry best practices and knowledge, combined with our advanced digital life insurance software and pre-integration, reduces implementation time and speeds time-to-market.”

Summary of a great software partner for insurers

  • Create a portfolio of cutting-edge products and services that cover a broad range of functions
  • Engage with and understand industry trends and their implications for clients’ broader digital strategies
  • Offer a competitive advantage to customers by enabling them to select the features most suited to their business

Image source: Sapiens

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Jun 18, 2021

The Ultimate FinTech & InsurTech LIVE Event

Insurtech
Fintech
live
event
3 min
We release three new speaker names for the FinTech and InsurTech virtual conference that can’t be missed, streaming live from London

From October 12th-14th, 2021, BizClik’s FinTech & InsurTech event will bring together influential executives from around the world. Streamed live from Tobacco Dock, London, this three-day event will be an excellent way to finish the year strong, gaining the confidence your company needs to move forward into the future. 

With keynote addresses from global leaders, dynamic roundtable discussions, and extensive networking opportunities, FinTech & InsurTech 2021 will expand your network, deliver insight, and enhance your organisation’s reach. 

Already confirmed speakers include Colin Payne, VP & NextGen FS Global Lead at Capgemini; Dipu KV, President and Head of Operations & CX at Bajaj Allianz General Insurance Company; Bryan Caroll, CEO at TNEX; and Lucy Demery, Managing Director at Barclays.

The event will include:

 

  • Keynote addresses from respected industry leaders
  • Dynamic live roundtables (inc. Q&A)
  • Fireside discussions
  • Inspirational Speakers & Presentations
  • Extensive networking opportunities

 

 

Meet the Speakers

Each week, from now until the event, we’ll be announcing the latest speakers who are set to grace our physical or virtual stage, prepared to share their knowledge and insight with attendees. 

Our second batch consists of:

 

Scott Abraham

Currently the Senior Vice President of Business Development & Fintech for Mastercard UK & Ireland, a position he’s held since 2014, Abraham describes himself as “a proven and successful senior sales leader with experience across a wide range of industries, sectors, and channels.” 

Graduating from the University of Northampton in 1994 with a BA in Economics and Law, he worked for nine years at Sainsburys - eventually responsible for banking the company’s revenue and running its ATMs - and then Barclaycard for three years as Head of Client Management. In 2007, Abraham became VP of Client Management at American Express, and then VP and GM Global Supplier Relations EMEA in 2012.

In his current role at Mastercard, Abraham is accountable for the acceptance of all payments and products through all channels, devices, and technologies across UK and Ireland. In addition, he oversees the deployment of innovative new payment tech within the region.

 

Alistair Fraser-Hawkins

Fraser-Hawkins’ role as CEO, UK Corporate, at Marsh McLennan is the continuation of a long and successful insurance career, which has included being London Sales Director for JLT Group and Branch Director for Willis Towers Watson.

Marsh prides itself on being a company that hires top-tier talent, does work that impacts peoples’ lives, and offers its employees the opportunity to make a difference. This is clearly an attitude that aligns with Fraser-Hawkins’ own values; regarding the insurer’s UK Young Professionals initiative, a support network to help young professionals in their development, he said:

"I am passionate about developing talent and our Young Professional CRG provides a brilliant community for our Young Professional colleagues to discuss key issues relevant early in their careers, as well as an environment to promote the skills, learning and network for success."

 

Mike Massaro

Massaro is currently the CEO of Boston fintech Flywire, a role he took on in 2013. He first joined the team in 2012 as VP of Business Development, but it wasn’t long before his entrepreneurial skills were redirected to leading the entire company’s high-growth strategy worldwide.

An expert in domestic and international payments and billing, enterprise technology sales, strategic alliances, enterprise software, SaaS, product management and marketing, and much more, Massaro is a consummate finance professional whose credentials befit the leadership of a prominent global payments fintech.

His previous positions include Consultant at PwC and Product Line Manager at Oracle, and he maintains a Mentor role at startup accelerator MassChallenge. He graduated magna cum laude from Babson College with a BS in Information Systems and Finance.

 

This event is set to be one of the year's most unmissable. If you want to get leading perspectives on the future of fintech and insurtech, go to Eventbrite and purchase your tickets now.

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