HOLON, Israel, August 23, 2016 /PRNewswire/ --
ALIS recognized in
"Outstanding Preparation for Future Data
Intake" category based on its IoT, wearable and
electronic medical record capabilities
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 Sapiens ALIS policy administration
software suite won Aite Group's vendor award for "Outstanding
Preparation for Future Data Intake."
(Logo:
http://photos.prnewswire.com/prnh/20160803/395300LOGO )
The independent research and advisory firm's recent "Life
Insurance Policy Administration Systems: A Business View" report
noted Sapiens' assets, including its many years of experience,
intellectual property, vast functional coverage and many customers,
who also bring their expertise to the table. The report also
recognized Sapiens ALIS for helping insurers overcome the cost,
maintenance and efficiency challenge - which was named a "top five
challenge" for insurers - as well as the suite's innovative data
capabilities.
Samantha Chow, a senior analyst
with Aite Group and author of the report, wrote, "Sapiens
recognizes that data and analytics is table stakes for an insurance
company, but it isn't enough to be able to pull the data from
multiple places and cleanse it to remove any duplicate entries.
IoT, wearables, and electronic medical records are all on its list
of capabilities."
Chow also noted, "With each passing day, the cost to maintain
the systems increases, the resources with the needed skill sets are
lost, and the flexibility to be innovative in today's market
becomes nonexistent. It is more than this, however - it is also
about a company's need to be operationally efficient."
Sapiens was cited as one of three notable vendors, among the 40
evaluated, who "have worked diligently on the front end of the
policy process when it comes to new business and underwriting. They
have created automated processes to support straight-through
processing and have eliminated human interaction that can hinder
the new policy process. This can be a differentiator in the
marketplace."
Chow included recognition for Sapiens' Cloud capabilities in the
report, saying, "Sapiens had experience in the cloud long before it
was called the cloud-hosting a zero-footprint model and remote
server access. It is well-positioned with its experience in this
type of deployment to set the carriers' minds at ease and help to
penetrate the market."
"We are pleased to have our Sapiens ALIS solution recognized by
Aite Group with this award, especially given the large number of
solutions that were evaluated and ranked," said Alex Zukerman, the vice president of product
marketing and strategy at Sapiens' life, pension and retirement
division. "It is gratifying to be recognized for the role we play
in helping life, pension and annuity carriers modernize their
operations with greater efficiencies, effective use of data and
improved cost controls."
The Aite Group's report was based on over 30 qualitative
interviews with life insurance IT executives and vendors currently
offering life insurance policy administration solutions, as well as
secondary research of more than 40 solutions.
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 200
financial services organizations. The Sapiens team of over 1,800
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