Mumbai, India (CU)_ Mindtree, a global technology services and digital transformation firm, teams up with Sapiens International Corporation, a top global provider of software solutions for the insurance, banking, and financial services industries, in order to assist insurance businesses accelerate their digital transformation.
Sapiens’ industry-leading, cloud-native core banking and insurance apps combined with Mindtree’s deep domain expertise and wide delivery capabilities will help insurance businesses to grow, accelerate time to market, and improve customer relations as they involve digital. Initially intended to aid in the installation of insurance systems, the cooperation will first concentrate on North America before expanding into Europe and Asia.
Jamie Yoder, North America President and General Manager at Sapiens, expressed delight over the collaboration. He said, “We are delighted to partner with Mindtree in the Property & Casualty and Life & Annuity insurance markets. Our collective insurance industry and digital transformation experience will further strengthen our delivery capabilities and scale, which will drive continued growth and customer satisfaction. Together, we will power insurers with the competitive edge to meet market demands and succeed in the digital age of insurance.”
Mukund Rao, Chief Business Officer for Banking, Financial Services and Insurance at Mindtree, expressed optimism over the collaboration. He said, “Our partnership with Sapiens emphasizes our longstanding commitment to innovation. Digital technologies have unlocked a significant opportunity for banking, financial services, and insurance companies to not just streamline processes, but also drive new business and operating models centered on engaging and disruptive experiences. The combined strengths of Mindtree and Sapiens will enable these companies to maximize digital transformation and business outcomes.”
Sapiens’ comprehensive suite of products for property and casualty, L&A, and banking enables customers to boost operational efficiency, diversify income sources, and improve customer engagement and satisfaction through digital and omni-channel experiences. Sapiens CoreSuite allows property and casualty insurers to swiftly install cloud-based core systems, such as business intelligence, reinsurance, and portal solutions for all lines of business.
By merging Sapiens’ expertise gained through years of worldwide client interactions and Mindtree’s industry-leading, digital-first implementation methods and global scale, the two firms will help customers reduce risk and accelerate implementations and integrations.
