Sapiens, a leading provider of software solutions for the insurance industry, has an established partnership with Rockford. ReinsurancePro’s advanced automation and transparent platform will allow Rockford to seamlessly conduct auditable processing, manage complex reinsurance transactions, and rapidly respond to new reinsurance offerings.
Sapiens’ automated software solutions systematically eliminate complexities within policies by balancing the proportionate coverage with rising costs, allowing Rockford Mutual to track, bill, recover reinsurance, and capture data appropriately.
Rockford Mutual selected Sapiens ReinsurancePro to fulfil its reinsurance business aims, alongside the existing programmes Sapiens FinancialPro and StatementPro, two solutions the company already uses.
Tiffany Herron, Rockford Mutual’s AVP of Financial Services, commented: “Sapiens’ automation solution gives us full control over our processing, reporting, and auditability, and ensures that we have the tools in place to prevent potential claims leakage. We needed a solution that allowed for ease of use across the company, to make the processing easier for our accounting and claims departments.”
Roni Al-Dor, Sapiens President and CEO, added: “We are proud to be Rockford Mutual’s partner of choice for the automation of their reinsurance processes, and to optimise their retention levels by empowering a reinsurance program that’s financially stable and reportable. Our value-added solutions and services are created to empower our customers to grow in a competitive climate.”
