UXBRIDGE, England, September 24, 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 stronger links and further planned growth of its
operation in Wales. Sapiens
employs over 1,500 people worldwide and anticipates another year of
double-digit growth with the company experiencing rapid growth in
the past year taking the UK permanent workforce to over 200 people
and more new jobs created in Wales
this year.
(Logo:
http://photos.prnewswire.com/prnh/20120508/531104 )
Roni Al-Dor, CEO of Sapiens had
the opportunity to meet senior Welsh officials in a recent visit to
Cardiff and share Sapiens future
plans for growth. Deputy Welsh Government Minister Ken Skates, Secretary of State, Stephen Crabb and Carwyn
Jones, First Minister of Wales all supported the visit organized by
UKTI.
Roni Al-Dor says, "Sapiens is
committed to the local community in Wales with strong links to educational
facilities in the area and are a key employer of young people. We
run a highly successful Internal Trainee Program that enables new
employees to be fully productive after just three months. We also
engage with numerous Welsh Government training programs that has
enabled 30 of our Team Leads to undertake an Apprenticeship in
Management during the last year and with more to follow in the
coming year. Providing top-quality training ensures that we
continue to develop home-grown talent and maintain delivery
excellence to support future growth and our clients around the
world."
Secretary of State for Wales Stephen
Crabb said: "Our innovative technology sector is helping to
harness overseas investment and create jobs in Wales. Through the UK Government's global
trade network, international investors can see that Wales is an outward-looking nation and an
attractive destination for business."
Sapiens Cardiff operation is
the Delivery Competency Centre for the company's leading insurance
solutions including ALIS, which is an end-to-end, core insurance
solution suite that supports the complete policy lifecycle across a
wide variety of products in the life, pension, annuity and medical
segments. The team in Wales carry
out ongoing research and development as well as working on
deployment. Maintaining and growing the workforce in Cardiff is seen as a long term commitment by
Sapiens and of strategic importance to sustain the ongoing
development and deployment of the ALIS life and pensions
solution.
"The life and pensions market has seen fundamental changes in
the last few years, particularly in the UK, with more recent
legislation giving people more freedom as to what they do with
their pension pot. At the same time, people are retiring earlier,
but living longer and have differing needs as they progress through
the different ages and stages of retirement. The work of the
Cardiff office through ALIS helps
insurance companies to deploy innovative products that support
their customers as they seek new and innovative retirement
solutions to fund their retirement," says Raj Ghuman VP Business
Development - Sapiens UK, Nordics and Africa.
He continues, "Our people at Cardiff office will continue to support both
existing and new customer deployments globally for ALIS our life,
pensions and annuities solution, but also our broad range of
insurance focused solutions. We anticipate continued and rapid
growth of the UK workforce, many of whom will be in Cardiff office."
Sapiens has had a run of success with new customers for many of
its insurance solutions. The company has recently celebrated two
customer wins for ALIS. Eurolife in Cyprus is using the solution to support the
complete policy lifecycle and replace the company's legacy
environment and support all of their investment and health lines of
business. ALIS is also being deployed with FNB - a financial
institution providing personal, private, business and commercial
banking services to millions of customers across South Africa, who has selected Sapiens ALIS
for the launch of its new life insurance company.
Sapiens IDIT Software Suite (Sapiens IDIT) was recently chosen
by Tradex Insurance Company Ltd., a specialty insurer in all
sectors of the motor trade, to modernize and enhance its core
insurance processing environment. And earlier this year announced
the successful go-live of the Sapiens Reinsurance solution at West
Bend Mutual Insurance Company (West Bend), a US-based property and
casualty insurer that offers products across the Midwest. The
project was completed on budget and within an aggressive timeframe
of just eight months.
Finally, the company has had further success with a top tier UK
financial institution who selected Sapiens DECISION as part of its
enterprise-wide business improvement initiative. Sapiens DECISION,
an enterprise-grade decision modeling platform, will enable the
institution to separate business logic from processes by utilizing
DECISION as a centralized location for authoring, storing and
managing all logic.
Sapiens has had an operation in the UK for over two decades and
the company has a strong track record of over 30 years in
delivering superior software solutions to more than 170 financial
services organizations globally.
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 170 financial services organizations. The Sapiens team of over
1,500 professionals operates through our fully-owned subsidiaries
in North America, the United Kingdom, EMEA and Asia Pacific. For more information:
http://www.sapiens.com.
UK Media Contact
John Bancroft
+44(0)7967-388-308
John.bancroft@incognate.com
Investor and Media 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