Group 1 Software partners with Sapiens for insurance companies
Pitney Bowes' Group 1 Software Inc. has partnered with Sapiens Americas Corporation to provide IT services to insurance companies.
Sapiens is a subsidiary of International Corporation NV, which is a member of the Emblaze/Formula Group. The company's INSIGHT insurance administration suite is used by insurance companies to manage policy, billing and claims, and reinsurance.
Group 1 Software's technologies allow for real-time standardization, validation and cleansing of customer databases. The software also provides geographic risk assignment, which aids insurance companies in underwriting and analysis.
Sapiens executives predict that the partnership with Group 1 will provide INSIGHT users with cleaner, more accurate data, helping to speed and improve business processes.
Based in Cary, NC, Sapiens Americas provides IT services to the insurance industry, with a focus on property and casualty insurance. The company has subsidiaries in the UK, EMEA and Asia Pacific. Corporate partners include IBM and EDS, and clients include ING Canada, OneBeacon and Texas Farm Bureau.
Group 1 Software has more than 3,000 clients worldwide. The company's flagship offering is its Customer Communication Management system, which is used by companies in the insurance, financial services, mapping, government and retail sectors, among others. Corporate headquarters for the Pitney Bowes-owned company are in Lanham, MD.