As the Asseco Group we are honored to have very long-term and successful cooperation with all type of players in the insurance sector across the world. We are cooperating with local and international insurance companies both life and non life, intermediaries and insurance market supervisory institutions as well. Asseco is delivering not only well known and appreciated core insurance systems but also variety of solutions dedicated to specific areas of insurance activity as accounting and payment, claim management, reinsurance, pricing, sales, commissions and product definition.
Sapiens International Corporation (NASDAQ and TASE: SPNS), part of Formula Group, is a leading global provider of innovative software solutions for the insurance and financial services industry, helping to rapidly launch new insurance products, build multiple distribution channels, and efficiently manage the insurance business. Insurance carriers, including AXA, AVIVA, Scottish Widows, KBC, MMA and many others, apply our solutions to rapidly launch new products, build multiple distribution channels and efficiently manage their business. Sapiens solutions – ALIS, IDIT and INSIGHT - are the flagship insurance solutions offered by Asseco
Our product portfolio also encompasses budget line of insurance core systems under the brand StarINS, provided by Asseco Central Europe, a.s. This product is optimized for small and mid-size insurance companies, operating on both emerging and mature markets. Thanks to its unique capability to serve both for life and general insurance, even for more than one entity at a time, StarINS constitutes an attractive solution for whole insurance capital groups with multiple operating entities. As a product agnostic solution, with multi-currency, multi-language, multi-entity and multi-channel approach, StarINS ensures unbeatable flexibility that translates into affordable implementation efforts based mainly on system configuration and, as a consequence, self-sufficiency of an insurance company as StarINS operator. In addition, Asseco Group offers insurance portal solutions and information management suites. Our broad experience and highly professional staff gives possibility to deliver sophisticated and very beneficial services as closed books for insurance policies or whole ITS delivery & maintenance. Being able to support safely insurance companies in the most complex IT evolution become one of our hallmarks.
Asseco Group, as one of the sparse vendors, is ready to offer solvency II compliance tools. Our SII Engine solution is based on 50 insurance companies experiences from QIS 5 analysis and are co-developed with some of Europe’s most experienced Risk and Actuarial consultants. SII Engine combines spreadsheet flexibility with application reliability to give Risk officers and Actuarians a dedicated SCR and MCR calculation engine and a comprehensive QRT reporting solution, in accordance with the European Insurance and Occupational Pensions Authority’s (EIOPA) specifications