TIA Technology
Acquisition in 2020
TIA Technology is a prominent developer of software systems tailored for the insurance industry, based in Denmark. The company provides a versatile and comprehensive suite of core applications specifically designed for property, casualty, and composite insurers. In addition to its primary focus on property and casualty insurance, TIA Technology also offers solutions for life and pension, health insurance, and various extension modules. Furthermore, the company delivers extensive implementation, application management, and hosting services, which support insurers in executing their digital and business strategies effectively.
Adaptik Corporation
Acquisition in 2018
Adaptik Corporation, founded in 2000 and based in Bethlehem, Pennsylvania, specialized in providing policy administration solutions for property and casualty insurance carriers in the United States. The company's flagship product, PolicyWriter, is a rules-based system designed to manage the complexities of personal, commercial, and specialty insurance lines. It offers tools for policy administration, customer management, and task management, aimed at increasing automation and reducing application rejections. Adaptik served a diverse range of clients, including personal, commercial, specialty, and worker’s compensation insurance carriers. The company established strategic partnerships with notable firms to enhance its offerings. In 2019, Adaptik Corporation merged into Sapiens Americas Corporation, marking a significant transition in its operational framework.
StoneRiver
Acquisition in 2017
StoneRiver, Inc. specializes in developing and providing software solutions and services tailored for the property and casualty insurance sector, including life, annuity, and reinsurance markets. The company offers a range of products, such as policy administration systems for both personal and commercial lines, billing and claims processing systems, and comprehensive workers’ compensation solutions. Their offerings also include customer relationship management software and financial reporting tools designed to meet the specific needs of insurance carriers, agents, and broker-dealers. Founded in 1986 and based in Denver, Colorado, StoneRiver operates as a subsidiary of Sapiens International Corporation N.V. The company emphasizes innovative solutions and flexible service offerings to help clients remain competitive in a rapidly evolving insurance landscape.
Maximum Processing
Acquisition in 2016
Maximum Processing is a provider of property and casualty insurance software services based in Bradenton, Florida. The company's flagship product, the Stingray System, is a modular, browser-based solution that facilitates various aspects of insurance management, including policy quoting, rating, issuance, billing, claims processing, and reinsurance administration. The Stingray System integrates with multiple third-party services, such as statistical bureaus, DMV data, imaging services, credit card processing, general ledger systems, comparative raters, and reporting tools, ensuring a comprehensive platform for small carriers, managing general agents, third-party administrators, and insurance brokers.
Insseco
Acquisition in 2015
Insseco
Harcase Software
Acquisition in 2010
Established in 2003, Harcase Software is dedicated to providing enterprise software development resources and products to the Property and Casualty insurance industry called RapidSure. The RapidSure suite was already embraced by several large carriers. Backed by an experienced management team with over 20 years of experience in enterprise solutions to the global insurance market, Harcase understands the business pressures and challenges faced by insurers and delivers solutions that meet and anticipate their needs.