March 05, 2014

Hiscox has selected the Sapiens IDIT Software Suite as a common platform for its global retail insurance businesses. The platform will include policy administration, claims, and billing.

The company cited goals of improving customer experience, speed to market and total cost of ownership as drivers of its core systems strategy.

[Sapiens taps former StoneRiver exec as EVP]

"We looked at a number of packaged systems on the P&C market and Sapiens IDIT really stood out. The solution is agile and will boost our ability to respond to the industry's rapid rate of change," said Stephane Flaquet, Global CIO with Hiscox, in a statement.

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ABOUT THE AUTHOR
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, ...