HOLON, Israel, October 13, 2016 /PRNewswire/ --
Sapiens International Corporation,
(NASDAQ and TASE: SPNS), a leading global provider of software
solutions for the insurance industry, with a growing presence in
the financial services sector, announced today that Sapiens ALIS
for life and annuity providers received the highest product scores
in the "New Application/Manual Underwriting," "Policy Change" and
"Service through Portals/Mobile" North American use case
categories.
(Logo:
http://photos.prnewswire.com/prnh/20160803/395300LOGO )
The "Critical Capabilities for Life Insurance Policy
Administration Systems, North
America" report by Gartner, which was published on
September 13, 2016, quantified 15
North American life solutions in an effort to help guide insurance
CIOs who are considering policy administration systems.
Out of the six total use case categories, Sapiens received the
highest scores in three separate categories and scored in the top
five in each of the other three categories in the report: "New
Product Development/Launch," "New Application/Automated
Underwriting" and "Reporting and Data Management."
"Many vendors are expanding the scope of their offering to
include noncore capabilities such as
document management, business process management, business
intelligence, and customer and
agent portals to better meet the emerging needs of buyers, to
differentiate themselves and to
support new initiatives such as digitalization," wrote Gartner
analysts Richard Thomas Natale and
Kimberly Harris-Ferrante in the
report. "Vendors are also investing in service-oriented
architectures (SOA) to improve integration capability and to
better address customer needs."
"It is an honor to score the highest in three different
categories from a wide North American vendor field," said
Alex Zukerman, vice president of
product marketing and strategy for Sapiens' Life, Pension and
Retirement division. We believe Sapiens ALIS' advanced technology
and impressive functionality have placed us in a leadership
position in North America and that
Sapiens ALIS' leading digital capabilities are gaining recognition.
We thank Gartner for its extensive research, which will help North
American insurance CIOs who are considering system support for
digitalization, data analytics and integration."
Sapiens ALIS is a flagship solution designed to enable
insurance carriers to quickly and efficiently address the
challenges of a highly regulated marketplace. Our end-to-end, core
solution suite supports the complete policy lifecycle across a wide
variety of products in the life, pension, annuity and medical
segments. ALIS life insurance software is complemented by Sapiens'
comprehensive delivery capabilities.
Gartner Disclaimer
Gartner does not endorse any vendor, product or service
depicted in its research publications, and does not advise
technology users to select only those vendors with the highest
ratings or other designation. Gartner research publications consist
of the opinions of Gartner's research organization and should not
be construed as statements of fact. Gartner disclaims all
warranties, expressed or implied, with respect to this research,
including any warranties of merchantability or fitness for a
particular purpose.
About Sapiens
Sapiens International Corporation (NASDAQ and TASE: SPNS) is a
leading global provider of software solutions for the insurance
industry, with a growing presence in the financial services sector.
Sapiens offers core, end-to-end solutions to the global general
insurance, property and casualty, life, pension and annuities,
reinsurance and retirement markets, as well as business decision
management software. The company has a track record of over 30
years in delivering superior software solutions to more than 200
financial services organizations. The Sapiens team of over 1,800
professionals operates through our fully-owned subsidiaries in
North America, the United Kingdom, EMEA and Asia Pacific. For more information:
http://www.sapiens.com.
Investor and Media Contact
Yaffa Cohen-Ifrah
Chief Marketing Officer and Head of Corporate Communications
Sapiens International
Mobile: +1-201-250-9414
Phone: +972-3-790-2026
Email: Yaffa.cohen-ifrah@sapiens.com
SOURCE Sapiens International Corporation