HOLON, Israel, June 4, 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 today the successful go-live of the Sapiens
Reinsurance solution at West Bend Mutual Insurance Company
(West Bend), a U.S.-based property
and casualty insurer that offers products throughout the Midwest.
The project was completed on budget and within an aggressive
timeframe of just eight months.
West Bend selected Sapiens
Reinsurance based on its robust functionality, compatible
architecture platform, reinsurance domain expertise and the
company's proven ability to meet project timelines. Sapiens'
solution is already enabling West
Bend to better manage and control its reinsurance business
and related processes, which will result in optimized operational
activities and the ability to leverage data in future business
endeavors.
"Sapiens' ability to satisfy our business needs and timeline
expectations has been impressive," said Heather Dunn, West
Bend's vice president and controller. "West Bend deliberately chose an established
and robust reinsurance product and proven partner we could trust to
provide long-term delivery reliability, technology innovation and a
professional team.
"The partnership between West
Bend and Sapiens is indicative of the growing industry
demand for our reinsurance solution in the U.S. and globally,"
said Raj Ghuman, vice president of Sales and
Operations, Sapiens Reinsurance. "We are delighted with
West Bend's latest achievement and
the close collaboration of our joint team, which helped create a
successful implementation experience."
Sapiens Reinsurance is a comprehensive solution enabling
insurers to manage the entire range of reinsurance contracts and
activities for all lines of business, including rich accounting
functionality and reporting capabilities. The reinsurance solution
provides a single, consolidated platform that enables full and
flexible control of reinsurance processes with built-in automation
of contracts, calculations and processes. This results in optimized
operations, enabling comprehensive tracking and auditability, as
well as support for statutory reporting and compliance.
About West Bend Mutual Insurance Company
West Bend Mutual Insurance Company, headquartered in
West Bend, Wisconsin, provides
property/casualty insurance products throughout the Midwest. The
company offers a broad personal lines coverage package, a full
range of commercial products and services, and insurance for
specialty lines. West Bend employs
more than 1,000 associates and is represented by approximately
1,200 independent insurance agencies throughout Wisconsin, Illinois, Iowa, Minnesota, Indiana, Ohio, Michigan, Missouri, Kansas, Kentucky and Nebraska. The company has been rated A
(Excellent) or better by A.M. Best since 1971 and is consistently
ranked at the top of a nationwide ease-of-doing business survey.
For more information: thesilverlining.com.
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 150 financial services organizations. The Sapiens team of over
1,200 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
Phone: +972-3-790-2026
Email: Yaffa.cohen-ifrah@sapiens.com
SOURCE Sapiens International Corporation