#United States #Rochelle Park, NJ #Sapiens #CoreSuite #Bankers Insurance Group

Bankers Insurance Group Accelerates Growth with Sapiens

In a significant move toward digital transformation, Bankers Insurance Group, a prominent specialty commercial insurer, has engaged Sapiens International Corporation, a leading provider of SaaS software solutions, to modernize its operational capabilities. This initiative marks a pivotal step in Bankers’ ambitious growth strategy, as it aims to enhance its market presence and efficiency.

Embracing Modernization

The partnership comes at a crucial time as Bankers seeks to expand its operations into new states and diversify its product offerings. By integrating Sapiens CoreSuite for Property Casualty, the insurance group is set to replace its aging legacy systems with a modern, comprehensive platform that supports various aspects of insurance management, including builder's risk and business owner's policies (BOP). This technological uplift is not just about replacing old systems but is aimed at empowering employees and improving the experience for their trading partners.

Walt Sykes, President of Bankers Insurance Group, expressed the importance of this transformation, stating, "This transformation is about enabling our people and empowering our trading partners, not just upgrading systems." The goal is to create a flexible and agile environment that allows for long-term growth and scalability.

The Benefits of Sapiens CoreSuite

Sapiens CoreSuite for Property Casualty is designed as an all-inclusive solution tailored to meet the evolving needs of North American property and casualty insurers. This suite offers a plethora of benefits, including:

1. Automation of Processes: The new system will automate manual processes, significantly increasing operational efficiency.
2. Analytics Integration: Advanced analytics tools will enable Bankers to quickly respond to market changes and customer expectations, fostering an adaptive approach to business.
3. Seamless Transition: The robust framework of Sapiens CoreSuite allows for a seamless transition from legacy systems, making it easier for Bankers to modernize without losing valuable operational history.
4. Improved Service Levels: By streamlining operations and enhancing responsiveness to trading partners, the platform is expected to elevate service quality, ultimately benefiting policyholders.

Roni Al-Dor, CEO of Sapiens, shared his enthusiasm for the collaboration, stating, "We are excited to partner with Bankers on their transformation journey. Our cloud-native, SaaS CoreSuite is designed to support the growth initiatives of forward-thinking insurers like Bankers."

Future-Ready Solutions

The partnership is set to redefine how Bankers operates in a rapidly changing insurance landscape. Sapiens CoreSuite not only provides operational solutions but also opens up access to next-generation insurtech ecosystems that will keep Bankers competitive in the industry. This includes tools for automated decision-making, reinsurance management, and comprehensive data analytics, creating a modernized and multifaceted operational landscape.

About Bankers Insurance Group

Established in 1976, Bankers Insurance Group has grown from a small business into a key player in the specialty commercial insurance market, particularly in the Southeastern United States. The firm has built a reputation for quickly responding to catastrophic events, such as hurricanes and flooding, thanks to its experienced team that understands bespoke policyholder needs. Bankers emphasizes customer empowerment, ensuring the right coverage options are provided at competitive prices.

More information about their services is available at Bankers Insurance Group's website.

About Sapiens International Corporation

Sapiens has a storied history as a facilitator of digital transformation for insurers across the globe. Their expansive portfolio includes solutions for property and casualty insurance, life insurance, and reinsurance, cementing their role as a partner in operational excellence for over 600 clients across 30 countries. Sapiens consistently focuses on leveraging advanced technologies such as AI to drive innovation in the insurance sector.

For more information, visit Sapiens's website.