November 28 (SeeNews) - Insurer Croatia Osiguranje has signed a deal with Israeli software company Sapiens International Corporation for digitalisation of its entire property & casualty (P&C) and health insurance segments, and claims handling, Sapiens said.
In particular, Croatia Osiguranje will use Sapiens IDITSuite for P&C and Sapiens ReinsuranceMaster, as well as other tools for its digital transformation programme, with the aim to further increase the productivity of its sales force and optimise its operations through business process simplification and automation, Sapiens said in a statement on Wednesday.
"The new solutions will help our company, which possesses over 135 years of tradition, enter a new era of growth and development. Croatia Osiguranje will be ready to meet the demands of the dynamic market we operate in today, and tomorrow," the CEO of Croatia Osiguranje, Davor Tomaskovic, said in the statement.
The price of the deal was not disclosed.
With the delivery of Sapiens' fully digital platform, including business intelligence, Croatia Osiguranje will be able to expand its offerings by launching new lines of business, products and services.
"Many insurers, such as Croatia Osiguranje, are embracing the importance of digitalization to stay ahead of their competitors, while increasing efficiencies and offering a unique customer experience," Sapiens president and CEO, Roni Al-Dor, said in the statement.
Croatia Osiguranje was the largest insurance company in the Adriatic country at the end of October, accounting for 26.9% of total gross written premiums, according to data of the Croatian Insurance Bureau. It is majority controlled by Rovinj-based Adris Grupa.
Sapiens International Corporation offers digital software platforms, solutions and services for the property and casualty, life, pension and annuity, reinsurance, financial and compliance, workers’ compensation and financial markets.
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