Technology services company, Mindtree and Sapiens International Corporation, a leading global provider of software solutions for the insurance, banking and financial services industries, has announced a partnership to help insurance companies drive digital transformation.
Through the combination of Mindtree’s deep domain knowledge and expansive delivery capabilities, and Sapiens’ industry-leading, cloud-native, core suite of banking and insurance applications, this will enable insurance companies to increase scale, speed-to-market, and customer satisfaction as they embrace digital.
In addition, Sapiens’ full set of offerings for property & casualty (P&C), L&A and banking empowers customers to improve operational efficiency, as well as expand revenue streams, and increase customer engagement and satisfaction using digital and omni-channel experiences.
Sapiens CoreSuite, also enables P&C insurers to rapidly deploy core systems on the cloud, including, reinsurance, business intelligence and portal solutions for all lines of business.
In a press release it says that by combining Sapiens’ knowledge acquired through years of customer engagements around the world with Mindtree’s industry-leading, digital-first implementation processes and global scale, the partnership between the two companies will help customers lower risk and speed up implementations and integrations.
Furthermore, the press release stated that the partnership will focus first on North America, and then subsequently grow into Europe and Asia.
“We are delighted to partner with Mindtree in the Property & Casualty and Life & Annuity insurance markets”, said Jamie Yoder, North America President and General Manager at Sapiens.
“Our collective insurance industry and digital transformation experience will further strengthen our delivery capabilities and scale, which will drive continued growth and customer satisfaction.
“Together, we will power insurers with the competitive edge to meet market demands and succeed in the digital age of insurance.”
Mukund Rao, Chief Business Officer for Banking, Financial Services and Insurance at Mindtree, added, “Our partnership with Sapiens emphasizes our longstanding commitment to innovation.
“Digital technologies have unlocked a significant opportunity for banking, financial services, and insurance companies to not just streamline processes, but also drive new business and operating models centred on engaging and disruptive experiences. The combined strengths of Mindtree and Sapiens will enable these companies to maximize digital transformation and business outcomes.”
