HOLON, Israel, September 6, 2016 /PRNewswire/ --
The Sapiens ALIS core policy
administration solution suite for life and annuities will include a
fully functional group, worksite and individual
platform by the end of Q1 2017
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 it will begin offering true group, worksite and
individual coverage to life and annuities carriers in Q1 2017.
(Logo:
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Sapiens already possesses a large portfolio of group policies in
production and is leveraging its past experience in this space to
re-architect Sapiens ALIS. The aim is to provide a new, unified
proposition based on innovative technology and business
architecture that incorporates Sapiens' production and business
experience, and best practices.
"The Affordable Care Act has helped create a dramatic shift in
the U.S. market from employer-paid benefits to employers and
employees sharing the financial burden," said Alex Zukerman, vice president of product
marketing and strategy for Sapiens' life, pension and retirement
division. "Many multi-line carriers must now support group,
worksite and voluntary insurance, and wish to do so via a single
system to remain efficient and provide a seamless customer
experience. To meet market demand, Sapiens has invested in
re-architecting Sapiens ALIS, so that multi-line carriers will be
able to leverage a common platform in the near future."
During the re-design process, Sapiens has engaged with several
leading industry analysts and firms to ensure readiness for both
current and future group, worksite and individual challenges.
"One of Sapiens' guiding principles is to serve as a
one-stop-shop for our insurance and financial services customers,"
said Roni Al-Dor, Sapiens president
and CEO. "By leveraging our individual functionalities for life and
combining them with true group and worksite capabilities, Sapiens
will offer coverage for the entire life, annuities and
health/medical spectrum via a unified, state-of-the-art
platform."
Sapiens ALIS is designed to enable insurance carriers to
quickly and efficiently address the challenges of a highly
regulated and increasingly competitive marketplace. It is an
end-to-end, core solution suite that supports the complete policy
lifecycle across a wide variety of products in the life, pension,
annuity and medical segments. ALIS life insurance software is
complemented by Sapiens' extensive delivery capabilities.
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