Mindtree and Sapiens International Corp today announced a partnership to help insurance companies drive digital transformation.
“The combination of Sapiens’ industry-leading suite of cloud-native banking and insurance applications and Mindtree’s deep domain knowledge and extensive delivery capabilities will enable insurance companies to increase scale. , speed to market and customer satisfaction as they embrace digital. Initially designed to support assurance system implementations, the partnership will initially focus on North America and later expand into Europe and Asia,” Mindtree said in a statement.
“We are delighted to partner with Mindtree in the property and casualty and life and annuity insurance markets. Our experience in the benefits industry and digital transformation will further strengthen our delivery capabilities and scale, which will drive continued growth and customer satisfaction,” said Jamie Yoder, President and Managing Director for the North America at Sapiens.
“Together, we will give insurers the competitive edge needed to meet market demands and succeed in the digital age of insurance.”
“Our partnership with Sapiens underscores our long-standing commitment to innovation,” said Mukund Rao, commercial director of banking, financial and insurance services at Mindtree.
“Digital technologies have opened up a significant opportunity for banks, financial services and insurance companies to not only streamline processes, but also to create new business and operating models centered around engaging and disruptive experiences. The combined strengths of Mindtree and Sapiens will enable these companies to maximize digital transformation and business outcomes.”
Sapiens comprehensive set of P&C, L&A, and banking offerings enable customers to improve operational efficiency, expand revenue streams, and increase customer engagement and satisfaction through digital experiences and omnichannel. Sapiens CoreSuite enables property and casualty insurers to rapidly deploy cloud-based core systems, including business intelligence, reinsurance and portal solutions for all lines of business.
By combining Sapiens knowledge gained through years of engagements with clients around the world with Mindtree’s industry-leading digital implementation processes and global scale, the two companies will help clients reduce risk and accelerate implementations and integrations.