NU Online News Service, April 29, 2005, 3:48 p.m. EDT

An insurance software company plans to release a life reinsurance system by the end of the year.[@@

The company, Sapiens International, Research Triangle Park, N.C., already has introduced a property-casualty reinsurance version of the system, Sapiens INSIGHT for Reinsurance.

The system helps carriers and reinsurers manage ceded and assumed reinsurance, including proportional and non-proportional treaties, facultative contracts and finite risk agreements, Sapiens says.

The system can accommodate arrangements involving more than one currency, more than one language and more than one corporate affiliate, Sapiens says.

Sapiens is a unit of Sapiens International Corp. N.V., Rehovot, Israel.