Arrowpoint Capital has partnered with insurance software solution provider Sapiens to upgrade its reinsurance capabilities to version 8 of the cloud-based Sapiens ReinsurancePro solution.

ReinsurancePro is a SQL Server/Java technology hosted system deployed over the cloud. It is said to enable faster processing and streamlined functionality.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Furthermore, the upgraded version is expected to help the company to reduce operational costs. It has also terminated the risk of obsolete technology supporting a key application.

Previously, the company used a mainframe COBOL-hosted system.

Arrowpoint Capital accounting systems manager Stewart Edgerton said: “Arrowpoint Capital views Sapiens as a long-term and strategic vendor with extensive reinsurance knowledge and experience.

“Its team understands the North American market and offers modern reinsurance technology over the cloud, which has empowered Arrowpoint Capital with improved flexibility and agility. This latest version of Sapiens ReinsurancePro is intuitive to use and offers innovative features.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Sapiens Americas Reinsurance head Matthew Simmers said: “Sapiens is pleased to move Arrowpoint’s hosted solution to version 8 of Sapiens ReinsurancePro in the cloud.

“The solution continues to evolve, from architectural and functional standpoints. One of our roles as a managed services provider is to make the transition to the latest version as seamless as possible, so customers can benefit from the solution’s new features.”

Sapiens reinsurance solutions enable insurers to manage their entire lifecycle and all types of reinsurance contracts for property and casualty. This includes contract management, technical accounting, reinsurance claims management, financial and regulatory, and reporting.