Sapiens Partners With HazardHub to Integrate Real-time,
Integrating HazardHub's comprehensive data with Sapiens CoreSuite for Property & Casualty will facilitate more accurate underwriting and straight-through-processing for North American insurers, plus an improved experience for agents and customers
RALEIGH, North Carolina and HOLON, Israel, March 19, 2020 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced it has entered into an agreement to partner with HazardHub, a third-generation provider of property-level hazard risk databases. The company's scientists convert massive amounts of geospatial digital data into easy-to-understand and actionable risk assessments.
HazardHub's real-time, comprehensive sets of risk data will be integrated into the Sapiens CoreSuite for Property & Casualty – which is comprised of three fully integrated, yet standalone components: policy, billing and claims – to improve carriers' underwriting efforts.
"P&C insurance carriers require real-time, property risk information and straight-through processing to shape more accurate underwriting decisions," said Bob Frady, CEO of HazardHub. "By offering the best hazard datasets available, along with our easy to understand 'scores' that give a quick yet comprehensive look at any property in the continental United States, our technology positively impacts P&C insurers'...