KW Specialty Expands its Relationship with Sapiens, Choosing to Automate and Move its Reinsurance Management to the Cloud
With more than 100 years of excess and surplus lines experience, KWS collaborates with wholesale partners and create products that offer additional value to their product portfolio. Their deployment of Sapiens ReinsurancePro enables KWS to replace their legacy, spreadsheet-driven process and ensure it is streamlined, consistent and financially correct. The integration also enabled KWS to add a Managing
Moreover, by utilizing ReinsurancePro with Sapiens CoreSuite for P&C, KWS will enjoy additional automation of processes including automatic data transfer and coordination between systems, more accurate accounting and better analysis and reporting.
KWS's decision to choose a cloud system for its reinsurance management was prompted by accessibility of the platform 24*7 from any place, and the additional IT resources available through Sapiens managed services. Sapiens wide range of managed services allow insurers to focus on their main business while leveraging professional support of a team with extensive knowledge and expertise.
"To expand our competitive edge, we were seeking a comprehensive reinsurance solution that supported both ceded and assumed business. We needed a solution that could easily integrate to our existing ecosystem and would grow with us as we expand our reinsurance program," said
Created and designed exclusively for the reinsurance market by some of the industry's leading experts, Sapiens ReinsurancePro manages the entire range of reinsurance contracts and activities for all lines of business. Built-in automation of contracts, calculations and processes provide flexible and full financial control of the reinsurance processes, including auditing requirements and statutory compliance. More than 100 insurers worldwide use Sapiens' reinsurance solutions. Sapiens ReinsurancePro can integrate with any system and is pre-integrated with Sapiens CoreSuite for P&C.
"Sapiens' comprehensive, auditable reinsurance solution will empower KWS to quickly adapt to their expanding reinsurance program. Our easy-to-use platform provides the most efficient reporting to simplify and streamline their reinsurance administration processes," said
About KW Specialty
KW Specialty's personal lines approach is to collaborate with wholesale partners and create products that add additional value to their product portfolio. By offering innovative coverage and technology techniques, effective solutions are presented for varied, complex, and/or unusual risks. Proven personal lines product knowledge and technical expertise helps KW Specialty provide heightened dedicated service to the wholesale industry.
KW Specialty believes in letting their wholesale partners do what they do best, manage their book of business. For more information: www.kwspecialty.com.
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While we believe such forward-looking statements are based on reasonable assumptions, should one or more of the underlying assumptions prove incorrect, or these risks or uncertainties materialize, our actual results may differ materially from those expressed or implied by the forward-looking statements. Please read the risks discussed under the heading "Risk Factors" in our most recent Annual Report on Form 20-F, in order to review conditions that we believe could cause actual results to differ materially from those contemplated by the forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or will occur. Except as required by law, we undertake no obligation to update publicly any forward-looking statements for any reason, to conform these statements to actual results or to changes in our expectations.
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