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Hiscox Selects Sapiens for Core Revamp

The global retail insurance business will run Sapiens policy, billing and claims.

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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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, distribution, core systems, customer interaction, and risk ... View Full Bio

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