Sapiens integrates SAP BI into its insurance solutions

Sapiens International Corporation has signed an agreement with SAP to incorporate SAP’s BI tools across its core insurance solutions suite.

Sapiens will use SAP’s BusinessObjects BI tools to help its customers take advantage of data-driven decision-making and operations. The Sapiens BI and analytics offering will include reporting, dashboards, self-service BI, mobile business intelligence and data discovery capabilities, with predictive analytics and big data enhancements included in the product roadmap.

The skill-sets and knowledge base of the team from IBEXI, a recent Sapiens company acquisition, will be instrumental in the development and delivery of the Sapiens BI and analytics module, said the insurance specialist.

“After an extensive search process Sapiens chose SAP due to its outstanding industry reputation, broad set of analytical tools, strong BI offering and promising roadmap,” said Alex Zukerman, Sapiens’ vice president of product marketing and strategy. “We will use the SAP BusinessObjects BI tools as the analytical foundation of our insurance solutions. With better insight into reliable and real-time business data, our clients will be able to make more informed and accurate decisions.”

“Sapiens chose our analytics and big data solutions to successfully continue to develop their products,” said Rami Menahem, head of OEM and SME sales at SAP Israel. “The OEM model enables software companies to empower their solutions by integrating SAP’s solutions and advanced technologies. OEM is a fast growing business that generates a ‘win win’ situation for all involved.”

Sapiens offers core end-to-end solutions to the global general insurance, property and casualty, life, pension and annuities, reinsurance and retirement markets, as well as business decision management software. The company currently serves over 170 financial services organisations globally.