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Tokio Marine selects Sapiens to enhance its legacy environment

Tokio Marine Management (TMM), the US manager for Tokio Marine & Nichido Fire Insurance, has selected Sapiens’ RapidSure Policy Administration and Reinsurance solutions to enhance its legacy environment and enable rapid time to market.

Upon completion of the implementation, Sapiens insurance software solutions will provide policy processing capabilities for TMM’s 12 lines of personal and commercial business, and support for TMM’s reinsurance business.

Sapiens said, TMM anticipates significant cost savings with its systems and a one-year return on investment (ROI).

Sapiens CEO Roni Al Dor said the insurer selected them and insurance software solutions to deliver a production environment to replace the current legacy system, and to help TMM derive the highest possible value from their Sapiens solutions.