LB Group, a mutual insurance group based in Denmark, has selected Sapiens' Insight for Reinsurance solution to manage its reinsurance programs, and enhance risk control in line with Solvency II directive.
Upon completion of the implementation, LB will assume better management and control of the reinsurance program, including accounting procedures.
The solution will improve its ability to produce risk profiles, with capability of risk accumulation. LB will also demonstrate improved information for management.
LB Group’s Jan Kamp Justesen said the firm selected Sapiens to the rich business functionality of its solution – Insight for Reinsurance – underpinned by Sapiens’ domain expertise & understanding of the unique business needs.
"Sapiens’ proven ability in providing reinsurance solutions, combined with their modern technology architecture and rich functionality, made them the best fit for LB Group," Justesen said.