HOLON, Israel, June 14, 2016 /PRNewswire/ --
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,
today announced that Mutualités Libres/Onafhankelijke Ziekenfondsen
(MLOZ), a Belgian-based national federation of independent health
insurance funds, is now in production with the Sapiens IDIT
administration solution.
(Logo:
http://photos.prnewswire.com/prnh/20120508/531104 )
Sapiens IDIT now supports complementary and private medical
insurance for MLOZ's first mutuality, with a planned production
rollout to the remaining mutualities over a six-month period. After
enterprise deployment is completed, MLOZ plans to retire its legacy
health insurance system.
MLOZ's initial in-production environment includes the deployment
of two health products to administer hospitalization and dental
care claims. MLOZ began the project with the objective of finding a
platform able to support mandatory and complementary insurance for
Belgium. The Sapiens IDIT solution
was selected after an extensive market search and evaluation
process, and was chosen largely due to its flexibility, robust
technology and functionality, combined with Sapiens' expertise and
delivery capabilities.
"We initially chose Sapiens and the IDIT solution based on the
quality of the product and underlying technology, but also because
of Sapiens' stellar reputation and their ability to deliver," said
Xavier Brenez, MLOZ CEO. "This has
been a true partnership from the beginning and we look forward to a
long and successful relationship between MLOZ and Sapiens."
"Sapiens is making a concerted effort to further strengthen our
global insurance market presence," said Roni Al-Dor, Sapiens president and chief
executive officer. "Modernization and migration from a legacy
environment is never simple. The success of this complex
implementation required a close working relationship between our
organizations, truly working as a single team focused on MLOZ's
business goals, timelines and priorities."
The development and set-up of the MLOZ Sapiens IDIT environment
was a joint effort involving four international development centers
in Brussels, Warsaw, Sophia and Tel Aviv. The project included a complex data
migration led by the MLOZ team and leveraging Sapiens' uploading
tools.
MLOZ is already experiencing significant benefits from the use
of Sapiens IDIT, including:
- Improved efficiencies in the management of dental products and
portfolio
- Significantly reduced maintenance costs
- Quick development and deployment of new products
About MLOZ (Mutualités Libres/Onafhankelijke
Ziekenfondsen)
MLOZ is the Belgian National Federation of independent health
insurance funds, offering mutual, mandatory and complementary
health insurance services to more than 18% of the population.
The MLOZ Insurance Funds include six dynamic and non-political
mutual societies. With over two million members, the Health
Insurance Funds combine to form the third largest insurance body in
the country.
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 1,700
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
SOURCE Sapiens International Corporation