Hiscox selects Sapiens for P&C

Re/insurer Hiscox has selected an IT provider whose products it will use as a common platform for its global retail insurance business.

The Sapiens IDIT Software suite will also cover policy administration, claims, and billing.

Sapiens International is a provider of software solutions for the insurance industry, with an growing focus on the broader financial services sector.

Stephanie Flaquet, CIO of Hiscox, said: “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.”

Roni Al-Dor, the Sapiens President and CEO, said: “Being selected by Hiscox is a significant win for Sapiens and helps us to continue our strong momentum in the international P&C market.

“The Hiscox implementation further expands our footprint in the UK market – an important strategic target for Sapiens.”