LB Group (Copenhagen, Denmark) has selected Sapiens (Rehovot, Israel) Insight for Reinsurance system to manage its reinsurance programs, and enhance risk control in line with Solvency II directive.
In addition to reinsurance management, the solution will improve the carrier's ability to produce risk profiles, with capability of risk accumulation, the companies say in a statement.
"We have selected Sapiens thanks to the rich business functionality of its solution - Insight for Reinsurance - underpinned by Sapiens' domain expertise & understanding of the unique business needs," LB Group's Jan Kamp Justesen says in a statement. "Sapiens' proven ability in providing reinsurance solutions, combined with their modern technology architecture and rich functionality, made them the best fit for LB Group."
Nathan Golia is senior editor of Insurance & Technology. He joined the publication in 2010 as associate editor and covers all aspects of the nexus between insurance and information technology, including mobility, distribution, core systems, customer interaction, and risk ... View Full Bio