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Policy Administration

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Sapiens Enhances its RapidSure P&C Offering with IT-Freedom's ICE Claims Solution

Sapiens enhances RapidSure P&C offering with IT-Freedom's ICE Claims Solution, to position RapidSure as a full insurance suite.

Sapiens International Corporation N.V. (Cary, N.C.), a member of the Formula Group, today announced it has entered into partnership with IT-Freedom, a London-based specialist provider of claims solution for the property-and-casualty (general insurance) insurance industry. The partnership agreement enables Sapiens to complement its RapidSure policy administration offering with IT-Freedom's ICE Claims solution.

IT-Freedom's ICE Claims can now be integrated with Sapiens' RapidSure Policy Administration solution, to provide insurance carriers with what the partners describe as a modern suite of best-of-breed P&C software solution. It enables insurance carriers and third-party administrators to make their operations more efficient and to reduce the cost of settling claims, according to the vendors. New processes can be configured for the system by business users without requiring specialized programming skills, ensuring that insurers are not locked into expensive technical support agreements, according to Sapiens.

"The ICE Claims product meets the demands of today's changing marketplace to allow claims to be handled more efficiently and to better manage spiraling costs. It has been integrated with RapidSure to provide a complete solution for the modern insurer," said Mick Sargeant, Managing Director, IT-Freedom, in a press release. Roni Al-Dor, Sapiens President and CEO, added: "We are committed to delivering innovative software to the insurance industry. Our partnership with IT-Freedom complements the RapidSure solution, expanding our policy administration offering."

Katherine Burger is Editorial Director of Bank Systems & Technology and Insurance & Technology, members of UBM TechWeb's InformationWeek Financial Services. She assumed leadership of Bank Systems & Technology in 2003 and of Insurance & Technology in 1991. In addition to ... View Full Bio

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