SAP is expanding its array of software products for the insurance industry with the acquisition of Camilion.
Toronto-based Camilion's portfolio covers the life and annuity, property and casualty, and health care insurance fields. Its technology handles insurance product configuration, policy management and quoting and underwriting, among other capabilities.
According to SAP. Camilion's products will be combined with SAP's Business All-in-One for Insurance ERP (enterprise resource planning) application, resulting in a suite that insurers can use to modernize their operations, SAP said.
