Aktia Life, considered one of Finland’s high insurers with near 100,000 prospects, chosen Sapiens as its companion to guide their core system transformation with Sapiens CoreSuite for Life and Pensions.

Sapiens was chosen because of its confirmed expertise in advanced insurance coverage ecosystem integrations.

As well as, it supplies an end-to-end, cloud-first, digitally enhanced platform for particular person and group merchandise throughout life, wealth and pension insurances.

Moreover, Aktia has seen speedy change in buyer behaviour with digitalisation being a key step in the direction of better effectivity and seamless buyer companies, together with new product choices.

Sapiens CoreSuite for Life and Pensions will enhance Aktia Life with a wide range of absolutely embedded knowledge administration and analytics capabilities. Additionally, the implementation is underpinned by the Sapiens Intelligence knowledge and analytics module that teams the insurer’s knowledge to offer practical perception, bettering underwriting threat choice and lowering claims expense ratios.

“Working with Sapiens has already been very rewarding for our firm and we’re wanting ahead for the subsequent part,” mentioned Riikka Luukko, Aktia Life CEO. “The partnership with Sapiens helps our strategic development and renewal objectives, together with our aim to supply glorious buyer and worker expertise. With this we’re in a position to optimise each buyer and enterprise worth and guarantee our enterprise continuity.”

“We’re proud to companion with Aktia Life to assist them obtain their digitalisation objectives,” mentioned Roni Al-Dor, Sapiens president & CEO.

“Aktia Life knowledgeable us that its new life enterprise mannequin goal is to implement a contemporary PAS platform to scale back expertise debt as a way to be absolutely compliant with statutory necessities and legislations.”