Sapiens International Partners with Bankers Insurance for Core Systems Modernization
- Sapiens International partners with Bankers Insurance to modernize core systems and enhance operational efficiency.
- The integration of Sapiens CoreSuite aims to reduce manual processing and improve service levels for Bankers.
- Sapiens' technology supports Bankers’ growth strategy, helping them launch innovative insurance products and expand into new markets.
Sapiens International Partners with Bankers Insurance to Modernize Core Systems
Sapiens International Corporation, a leading provider of software solutions for the insurance industry, has announced a strategic partnership with Bankers Insurance Group aimed at modernizing the latter's core systems. This collaboration, unveiled on August 20, 2025, is a pivotal part of Bankers' growth strategy, which includes expanding its footprint into new states and launching innovative insurance products such as builder's risk and business owner's policies. Walt Sykes, the President of Bankers, underscores that the initiative is not merely about system upgrades but is focused on empowering their employees and trading partners with advanced capabilities.
The integration of Sapiens CoreSuite for Property & Casualty (P&C) is central to this transformation. By moving away from legacy systems, Bankers aims to adopt a modern, scalable platform that enhances automation and operational efficiency. This shift is expected to substantially reduce manual processing tasks, allowing for quicker responses to market changes and improved service levels. As the insurance landscape becomes increasingly competitive, the ability to navigate these challenges effectively is crucial, and Sapiens’ technology promises to equip Bankers with the necessary tools to thrive.
Roni Al-Dor, President and CEO of Sapiens, expresses enthusiasm for the collaboration, highlighting the cloud-native, SaaS CoreSuite’s capacity to support forward-thinking insurers like Bankers. The suite is designed to meet the comprehensive needs of North American P&C insurers, encompassing policy administration, billing, and claims management. By leveraging advanced automation and analytics, the solution not only accelerates time-to-market for new products but also enhances responsiveness to trading partners. This strategic initiative positions Bankers Insurance Group to enhance its operational capabilities significantly while ensuring it remains agile and innovative in a rapidly evolving insurance market.
In addition to this partnership, Sapiens continues to expand its influence across the insurance technology landscape, providing tools that facilitate digital transformation for insurers. As companies like Bankers Insurance Group embrace modern solutions, the industry as a whole moves towards enhanced efficiency and customer-centric offerings. This collaboration is a testament to the growing trend of leveraging technology to meet evolving consumer expectations and regulatory demands in the insurance sector.
The modernization of core systems through partnerships like this one not only benefits individual companies but also sets a precedent for the industry, showcasing the importance of innovation in maintaining competitiveness and relevance in the insurance market.