ROCHELLE PARK, New Jersey,
May 26, 2015 /PRNewswire/ --
Sapiens International Corporation, (NASDAQ and TASE: SPNS), a
leading global provider of software solutions for the insurance
industry, with an emerging focus on the broader financial services
sector, announced the successful go-live of several modules from
the Sapiens IDIT Software Suite at Anadolu Insurance Company
(Anadolu), a private insurer operating in Turkey.
(Logo:
http://photos.prnewswire.com/prnh/20120508/531104 )
As part of its efforts to thrive in a highly competitive and
growing Turkish market, Anadolu is undergoing a transformation by
replacing general insurance/property and casualty (P&C) legacy
systems that are difficult to maintain and unsuitable for meeting
future needs. The insurer went live with Sapiens Policy
Administration, Agency Management, Billing and Collection modules
to help its thousands of agents operate more efficiently and
provide an improved user experience for all stakeholders. With the
enhanced capabilities provided by Sapiens IDIT, Anadolu is now well
positioned to more quickly introduce new products to market.
This go-live is a key milestone in a larger transformation
project that began with the introduction of individual medical
insurance for group medical and fire lines, with other personal and
commercial lines of business to follow.
Anadolu is streamlining and simplifying processes via seamless
integration between Sapiens' back-office system and the Sapiens
front-end user interface, enabling Anadolu's agents to perform
their tasks more easily. Sapiens' modules also provide Anadolu with
a single platform for multiple lines of business for various types
of users, including agents and customers.
"One of the main reasons we chose Sapiens IDIT is because it's a
component-based software solution suite that can be deployed
modularly," said Mehmet Abaci, chief information officer at
Anadolu. "We've been able to go live gradually and smoothly migrate
millions of contacts, without any disruption to our day-to-day
operations. This has been a crucial success factor during our
transformation project."
"Sapiens is pleased to announce this successful P&C go-live
in the Turkish market," said Gary
Sherne, president of Sapiens' General Insurance and
Reinsurance division. "Anadolu and Sapiens personnel have partnered
closely to make this phase of the transformation project a success,
with Anadolu actively involved in the deployment of the modules. We
look forward to expanding this strategic partnership."
About Anadolu
As a privately-owned insurance company, Anadolu Insurance
Company has played an important role in the development of the
insurance industry in Turkey and
in the modernization of the country's socio-economic environment in
parallel with that development ever since it was founded. As part
of the "Recon Project" that it launched in 1997, the company has
brought all of its agencies into its data processing network
through an online and real-time system. Through the benefits
of information technology, it has raised the quality of its
services to modern-day levels.
Backed today by a strong capital base and advanced
infrastructure, Anadolu Insurance Company takes a
pioneering approach to insurance that is focused on customer
satisfaction through its principle of "maximum service insurance,"
while seeking to encourage the spread of insurance awareness
throughout Turkey.
About Sapiens
Sapiens International Corporation (NASDAQ and TASE: SPNS) is a
leading global provider of software solutions for the insurance
industry, with an emerging focus on the broader 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 130 financial services organizations. The Sapiens team of over
1,000 professionals operates through our fully-owned subsidiaries
in North America, the United Kingdom, EMEA and Asia Pacific. For more information:
http://www.sapiens.com.
Contact
Yaffa Cohen-Ifrah
Chief Marketing Officer and Head of Corporate Communications
Sapiens International
Mobile: +1-201-250-9414
Email: Yaffa.cohen-ifrah@sapiens.com
SOURCE Sapiens International Corporation