The modernized, fully configurable solution enables Harford
Mutual Insurance Group to quickly roll out new, innovative
products, automate business processes and enhance operational
efficiencies
HOLON, Israel, Oct. 29, 2020 /PRNewswire/ -- Sapiens Americas, a
wholly owned subsidiary of Sapiens International Corporation,
(NASDAQ: SPNS) (TASE: SPNS), a leading global provider of
software solutions for the insurance industry, and Harford Mutual
Insurance Group , a network of nearly 500 independent insurance
agencies, announced today that Harford Mutual has gone live with
Sapiens PolicyPro solution, enabling the Maryland-based insurer to quickly launch new
products to market and generate new revenue streams.
With an in-house policy administration system that was more than
25 years old, Harford Mutual sought a solution that would allow for
increased flexibility and speed in an insurance landscape marked by
mounting consumer expectations for seamless, digital experiences.
Harford Mutual deployed the solution then conducted user training,
end-to-end testing and acceptance testing. They went live with all
employees working from home amid the COVID-19 pandemic.
"Our ability to adopt, configure and manage Sapiens PolicyPro
platform is key to our success and gives us the ability to be
self-sufficient and more efficient in our operations," said
Tim Baum, Harford Mutual's Vice
President and CIO. "Sapiens' innovative technology, industry
expertise and deep understanding of next generation, digital
insurance solutions make them a vital partner in our vision for
continued growth and success."
Delivering comprehensive lifecycle support for all P&C lines
of business, the solution offers policy management as well as
complete historical views of policy information. The automated,
end-to-end PolicyPro platform is used by agents, underwriters and
consumers to quote, issue and service policies. This platform, like
all of Sapiens' other offerings, enables seamless integration with
various third-party solutions.
"Through the use of Sapiens PolicyPro, Harford Mutual Insurance
Group has the flexibility, efficiency and end-to-end intelligence
necessary to be competitive and meet customers' needs in a rapidly
evolving insurance market," said John
Pettit, head of Sapiens' North American P&C Product
Strategy. "Through our long-standing partnership, Sapiens
technology will enable Harford Mutual to continue its proud
tradition of offering stable, robust insurance solutions for the
long haul."
About Harford Mutual Insurance Group
Harford Mutual Insurance Group, founded in 1842 in Harford County, Maryland, provides commercial
property and casualty insurance products and services to a regional
market. The company ended 2019 with over $230 million in direct written premium sold
through nearly 500 independent agents in Delaware, Maryland, New
Jersey, Pennsylvania,
North Carolina, South Carolina, Georgia, Tennessee, Virginia, and Washington DC. Harford Mutual contributed more
than $260,000 to over 70 charities in
2019. Harford Mutual is rated A (Excellent) by A.M. Best, the
leading credit rating organization dedicated to serving the global
insurance industry. For more information, visit:
www.HarfordMutual.com.
About Sapiens
Sapiens International Corporation empowers insurers to succeed
in an evolving industry. The company offers digital software
platforms, solutions and services for the property & casualty,
life, pension & annuity, reinsurance, financial &
compliance, workers' compensation and financial markets. With
more than 35 years of experience delivering to over 500
organizations globally, Sapiens has a proven ability to satisfy
customers' core, data and digital requirements. For more
information: www.sapiens.com.
Media Contact
Alex
Zukerman
CMO and Chief of Strategy, Sapiens
+972 546 724 910
alex.zukerman@sapiens.com
Logo:
http://mma.prnewswire.com/media/585787/Sapiens_Logo.jpg