Rockford Mutual selects Sapiens ReinsurancePro to automate reinsurance processes

Rockford Mutual Insurance Company has chosen Sapiens ReinsurancePro to fully automate its reinsurance management processes, aiming to enhance efficiency and reduce costly claims leakage.

Sapiens ReinsurancePro streamlines the underwriting and administration of reinsurance, including treaty and facultative, ceded, assumed, and retroceded reinsurance. Designed exclusively for the reinsurance market, it manages the entire range of reinsurance contracts and activities across all business lines.

With ReinsurancePro, Rockford Mutual will be able to conduct auditable processing, manage complex reinsurance transactions, and respond quickly to new reinsurance offerings.

Sapiens’ automated solution simplifies treaty complexities by balancing appropriate coverage with rising costs, enabling Rockford Mutual to track, bill, recover reinsurance, and capture data accurately.

Tiffany Herron, Assistant Vice President of Financial Services at Rockford Mutual, stated, “Sapiens’ automation solution gives us full control over our processing, reporting, and auditability, and ensures that we have the tools in place to prevent potential claims leakage.”

Herron added, “We needed a solution that allowed for ease of use across the company, to make the processing easier for our accounting and claims departments.”

Roni Al-Dor, President and CEO of Sapien, said, “We are proud to be Rockford Mutual’s partner of choice for the automation of their reinsurance processes, and to optimise their retention levels by empowering a reinsurance program that’s financially stable and reportable.”

“Our value-added solutions and services are created to empower our customers to grow in a competitive climate,” Al-Dor concluded.

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