Sapiens International Corporation, a global provider of software solutions for the re/insurance industry, has entered into a partnership with HazardHub, a third-generation provider of property-level hazard risk databases.
As part of the agreement, HazardHub’s sets of risk data will be integrated into the Sapiens CoreSuite for Property & Casualty .
This is comprised of three integrated components to improve carriers’ underwriting efforts, namely policy, billing and claims.
“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,” Frady continued.
“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.”
Roni Al-Dor, Sapiens president and CEO , also commented: “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.”
“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.”
