HOLON, Israel and ROCHELLE PARK, New Jersey, April 14, 2016 /PRNewswire/ --
MTL chooses Sapiens'
configurable, rules-based policy administration platform to more
efficiently grow and manage its life insurance
business
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 Mutual Trust
Life (MTL), a Pan-American life insurance company, based in
Oakbrook, Ill., has successfully deployed the Sapiens ALIS policy
administration system to support its life insurance business.
(Logo:
http://photos.prnewswire.com/prnh/20120508/531104 )
The launch includes the roll-out of the
Sapiens ALIS Agent and Commission module to manage MTL's sales and
distribution network. The deployment of Sapiens ALIS completes the
first phase of a multi-phased transformation initiative to
modernize MTL's technical infrastructure. The program includes
utilizing the Sapiens ALIS platform to support all of MTL's product
offerings, including whole life, universal life, term and fixed
annuities for new business and its in-force book of business.
"The ALIS system was the right choice for our modernization
initiative," said Steve Batza, MTL
president and CEO. "Sapiens ALIS provides us with the functionality
and flexibility to more efficiently process our business and
support our growth plans. The continued focus and commitment of
Sapiens' team of skilled professionals were crucial in helping us
to achieve the critical first phase of this complex project."
"We thank MTL for the opportunity to work closely with its team
through every step of the implementation," said Ron Karam, president of Sapiens' North America
Retirement Services and Insurance division. "Introducing a new
policy administration system is one of the more challenging
initiatives an insurance company will face when modernizing its
infrastructure. MTL's structured and deliberate approach to this
challenge was a key to the project's success."
"We are excited to have achieved this important milestone with
MTL," said Roni Al-Dor, president
and CEO of Sapiens. "Sapiens is pleased that MTL is already
deriving tangible value from Sapiens ALIS and we look forward to
continuing to work with the MTL team as they expand the use of the
system."
About Mutual Trust Life
Mutual Trust Life Insurance Company develops, underwrites, and
services individual life insurance and annuities. Known as "The
Whole Life Company," its specialty is participating whole life
insurance - the foundation of sound financial planning. We offer
premier life insurance products, designed to maintain integrity
over time, to provide our policyholders with protection and wealth
management, while maintaining excellent financial strength.
Mutual Trust Life Insurance Company also offers term life
and annuities to individuals, families and businesses. With our
insurance advisors, we continue a strong tradition of providing our
policyholders with exceptional products and services. For more
information: https://www.mutualtrust.com.
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 190
financial services organizations. The Sapiens team of over 1,600
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