Wisconsin-based West Bend Mutual Insurance has selected the Sapiens Reinsurance solution to improve management and control of its reinsurance business and related processes. Implementation is underway with a launch planned for the end of this year.
Sapiens' solution is designed to support the full range of reinsurance contracts and operations for all business lines on a single platform. West Bend chose the software based on its functionality set, ability to accommodate tight timelines, and the company’s collaboration strategy.
“The implementation of a new reinsurance system is a long term commitment, so part of our evaluation process was taking a close look at the vendor’s organization,” says Heather Dunn, West Bend’s VP and controller, in a statement. “We were especially pleased with Sapiens’ partnership approach and we felt their commitment to our success foreshadows how they will continue to value the relationship.”