VEREINIGTE HAGEL, Germany’s Leading Agricultural Insurer, Selects Sapiens for Complete P&C Core Transformation
Sapiens IDITSuite will provide a single global platform for underwriting and billing
Sapiens International Corporation, (NASDAQ and TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced the deployment of its cloud-first P&C platform IDITSuite with Germany-based VEREINIGTE HAGEL, the country’s leading provider of insurance to the agricultural industry.
VEREINIGTE HAGEL’s current, historically grown application landscape will be replaced by the Sapiens modular and complete system that enables continuous end-to-end processing from front-end portal to back-end billing.
“We selected the Sapiens P&C platform due to the product’s leading position, as well as the company’s demonstrated experience in insurance and local market know-how,” said Dr. Rainer Langner, VEREINIGTE HAGEL CEO. “The Sapiens solution, with its high degree of automation, enables efficient processing of VEREINIGTE HAGEL's highly seasonal business.”
In addition to Germany, VEREINIGTE HAGEL operates in Poland, the Netherlands, Belgium, Croatia, and other countries. VEREINIGTE HAGEL chose to implement Sapiens IDITSuite in Germany and Poland initially, and expand to additional countries in the near future. The insurer is looking to modernize the entire system landscape to enable them to work completely digitally and consistently across all jurisdictions.
“Sapiens is delighted to serve as a trusted partner for VEREINIGTE HAGEL and support its dynamic business. We are fully aligned with VEREINIGTE HAGEL’s vision,” said Roni Al-Dor, Sapiens president and CEO. “Sapiens Core P&C platform is an award-winning platform of rich functionality and ease of use and we are happy to partner with VEREINIGTE HAGEL on their transformation journey.”
Sapiens IDITSuite is a component-based, core software solution comprised of policy, billing and claims solutions. It supports end-to-end core operations and processes for short-term/non-life insurance from inception to renewal and claims.
About VEREINIGTE HAGEL
As a leading specialist insurer in the agricultural sector, VEREINIGTE HAGEL, whose roots go back to 1824, offers innovative insurance solutions for sustainable protection of agricultural businesses against yield losses caused by weather-related risks such as hail, storms, heavy rain, frost or drought. The many years of experience of the insurance association are reflected in solidarity with its members and tradition. Many companies have been working with this specialist insurer for generations. For more information visit https://vereinigte-hagel.net/de/.
Sapiens International Corporation (NASDAQ and TASE: SPNS) empowers the financial sector, with a focus on insurance, to transform and become digital, innovative, and agile. Backed by more than 40 years of industry expertise, Sapiens offers a complete insurance platform, with pre-integrated, low-code solutions and a cloud-first approach that accelerates customers’ digital transformation. Serving over 600 customers in 30 countries, Sapiens offers insurers across property and casualty, workers’ compensation and life markets the most comprehensive set of solutions, from core to complementary, including Reinsurance, Financial & Compliance, Data & Analytics, Digital, and Decision Management. For more information visit https://sapiens.com or follow us on LinkedIn.