Sapiens International Corporation, a global provider of software solutions for the insurance industry, has significantly strengthened its presence in DACH countries, as it furthers its strategy to expand business and provide more innovative technology to the region’s insurance market. Sapiens has made significant investment in the region expanding its P&C and Digital products and increasing its sales and support team. Sapiens intends to continue developing its offering beyond P&C, Digital and Reinsurance, into life & annuities solutions in the future.
Sapiens already has significant operations in the DACH region following the acquisition of Germany-based sum.cumo in 2020. The acquisition enabled Sapiens to leverage the technology providers’ expertise and their sum.cumo policy management system to extend their offer of digital transformation solutions to insurers of all sizes. sum.cumo is fully integrated into the Sapiens organization enabling the company to offer both its IDITSuite and SCIP solutions to DACH region insurers, the statement said.
“Sapiens is already providing many insurers across the DACH region with the tools, knowledge and expertise necessary to thrive in a rapidly evolving and increasingly digitized industry,” continued Roni Al-Dor, CEO of Sapiens. “The German insurance industry is one of the largest in the world, with total premiums exceeding €220 billion annually, and we are well-positioned to capitalize on this by offering our Core, Digital, Data and Reinsurance SaaS solutions. This is yet another example of Sapiens establishing its footprint, strong customer base and teams to the international markets, focusing our commitment to providing the highest quality products and services to our customers throughout the world.”
“The true power of our organization lies in the seamless synergy between our global and local offices, by sharing a vision that will fuel our success,” said Bjoern Eickmann, Senior Director Digital and Site Manager for Sapiens in Germany.
“Our goal to enable insurers to make the transition into the digital world will remain unchanged, helping them to continuously evolve and thrive,” added Mathias Harrassowitz, Chief Commercial Officer at Sapiens Germany.
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