HOLON, Israel, April 25, 2016 /PRNewswire/ --
Sapiens IDIT software suite users,
DirectAsia and L&T General Insurance Company, recognized
among the year's top insurance
technology initiatives in Asia
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 its property and casualty clients, DirectAsia
and L&T General Insurance Company (L&T Insurance), were
both recognized at last week's Celent Model Insurer Asia Summit
2016 event with "Model Insurer" awards.
(Logo:
http://photos.prnewswire.com/prnh/20120508/531104 )
Celent, a leading research and advisory firm, annually
recognizes excellence in insurance technology in Asia through its Model Insurer awards.
Winners are chosen based on IT programs that epitomize best
practices for insurance technology projects.
DirectAsia, a motor insurance specialist, was recognized in the
"legacy and ecosystem transformation" category. The company created
a common DirectAsia layer and specific local configurations across
countries - Singapore,
Thailand and Hong Kong - and transformed its
customer-facing portals into responsive and platform-agnostic
applications. The enterprise layer standardized the insurer's
maintenance activity, fostering reuse and savings across the entire
DirectAsia Group.
Receiving the award in the "digital and omni-channel
technologies" category, L&T Insurance - a health, motor and
home insurance provider based in India - was chosen for its single, web-based
portal that is integrated with L&T's core policy administration
system, Sapiens IDIT. Since the launch of the channel portal, more
than 120,000 policies have been issued by 3,000 partners.
Sapiens was also named top vendor in the "XCelent Technology"
category for 2015 in the APAC region.
"Asian insurance carriers are increasingly finding it necessary
to transform their ecosystems and provide an omni-channel
experience, to remain agile in competitive markets and offer the
caliber of experience that is expected in today's digital era,"
said Wenli Yuan, senior analyst with
Celent's Asian Financial Services Group. "Celent is pleased to
present this award to both DirectAsia and L&T Insurance. Among
the many excellent nominations in Asia this year, these two companies stood out
for their technology best practices."
"I am pleased to congratulate DirectAsia and L&T Insurance
on their highly successful and innovative initiatives, which
resulted in the Asia Model Insurer recognition from Celent," said
Roni Al-Dor, president and CEO of
Sapiens. "We value our relationships with both companies and are
proud to have contributed to the success of their respective
projects. Sapiens looks forward to having the opportunity to again
congratulate clients in Asia next
year."
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