South Africa-based insurance agency Hollard Group Risk (HGR) has implemented the Sapiens DataSuite, a data management solution from insurance software provider Sapiens International.
DataSuite is a modular, highly advanced business intelligence solution that helps insurers transform their data into actionable insights to maximise the value of their data.
Through Sapiens DataSuite, HGR aims to advance the complex migration of its business and align processes with Sapiens CoreSuite for Life & Pensions.
CoreSuite is a software solution for end-to-end core operations and processes that supports individual and group insurance products across life, health, wealth, and retirement.
HGR COO and CIO Duran Chetty said: “The implementation of DataSuite propels our long and trusted relationship with Sapiens to a new level of partnership.
“Sapiens CoreSuite for Life & Pensions is replacing our core legacy system to drive down operational costs and deliver automated, seamless user experiences for customers, alliance partners, and HGR staff.
“CoreSuite and DataSuite will also help accelerate our digital transformation objectives. Sapiens’ dedicated data solution and data warehouse have stepped in to handle our existing business volumes, while accommodating expected growth.”
Sapiens’ advanced data management solution is said to support the transition between HGR’s legacy system and the core system.
It enables the launch of CoreSuite by producing actionable insights and automated, consolidated reports across the HGR legacy system and CoreSuite system.
DataSuite enables HGR to manage its data and reporting needs and operate the business from its legacy policy administration system, unaffected by the migration.
Also, it provides HGR with a suite of operational, claims, underwriting, financial, risk and actuarial reports.
The integration of DataSuite with HGR’s legacy policy administration system and CoreSuite significantly is said to reduce the complexities of the migration process.
Sapiens president and CEO Roni Al-Dor said: “Sapiens delivered HGR a complete transformation package to accelerate their market position and reduce the complexities of their reporting requirements.
“HGR’s launch of Sapiens CoreSuite was the first comprehensive group risk implementation in South Africa, and we are excited to see the continuation of this project with DataSuite and to accompany HGR as they expand.”
