HOLON, Israel, April 25, 2018 /PRNewswire/ --
Award recognizes Integra's successful project to transform,
modernize and automate, to benefit customers and the
organization
Sapiens International Corporation , (NASDAQ: SPNS)(TASE: SPNS),
a leading global provider of software solutions for the insurance
industry, today extends its congratulations to its client, Integra
Insurance Solutions Limited (Integra), a specialist in multi-line
church insurance, on being recognized as a "Model Insurer" by
Celent, a leading research and advisory firm. Celebrating its
12th anniversary in 2018, the Celent Model Insurer
recognition is awarded for best practices of technology usage in
different areas critical to success in insurance.
(Logo:
http://mma.prnewswire.com/media/585787/Sapiens_Logo.jpg )
Receiving the award based on its nomination in the "Legacy and
Ecosystems Transformation" category, Integra was selected for its
"Project Cosmos" initiative. The project was designed to replace
the organization's core legacy environment, including policy,
billing and claims, while delivering on the company's
forward-looking objectives to support diversification, expansion
and scaling of the business.
Key to Integra's Project Cosmos success were the selection and
implementation of the Sapiens IDIT policy administration
suite for property and casualty/general insurers worldwide,
combined with key principles, which included:
- Utilizing best practices of Sapiens IDIT (adopt versus adapt)
and incorporating a robust change review board to assess and
validate any user requests for change
- Providing a user-friendly user interface and design, with the
end user in mind
- Ensuring stability and scalability for growth
- Enabling a flexible operation able to respond to change
- Incorporating pragmatic automation, utilizing innovation
Matt Wood, head of business
operations, Integra, said, "We are thrilled to be recognized as a
Celent Model Insurer and attribute our success to the winning
combination of a hard-working joint Integra/Sapiens team and a
great system. While choosing Sapiens IDIT was a key factor,
selecting Sapiens as our proven delivery partner was equally
important."
Karen Monks, senior analyst with
Celent, noted, "To deliver the project on-time and within budget,
Integra decided to stick closely to the Sapiens Rapid Solution
Design Methodology. This is a hybrid agile/waterfall model that
combines the best of these approaches. They included early user
involvement in design and acceptance via Conference Room Pilots.
This ensured that the solution met user expectations."
"On behalf of the Sapiens team, I congratulate Integra on this
well-deserved recognition as a Celent Model Insurer. We are proud
to have Sapiens IDIT deployed as the cornerstone of the project and
for the opportunity to work closely with Integra's team to complete
a highly successful project, both on-time and within budget," said
Roni Al-Dor, president and CEO of
Sapiens. "Integra's success was in large part due to the team's
unwavering commitment to key principles and establishing a small,
empowered team able to work quickly and make effective decisions.
The solution design workshops were completed in less time than
expected, which saved significant cost and enabled rapid
progress."
Celent's "Model Insurer 2018: Case Studies in Legacy and
Ecosystem Transformation" report can be accessed here.
About Integra Insurance Solutions Ltd
(Integra)
Integra was born out of Congregational & General Insurance
plc ("Congregational"), a company with a long history dating back
to 1891, when a Congregational Minister in Huddersfield, England, Reverend Samuel Antliff, recognised the need for fire and
allied perils insurance for church premises. Today, Congregational
is a brand of Integra as part of the Hannover Re and Talanx group,
and it still retains the heritage and original purpose of providing
specialist, multi-line church insurance, primarily to the
non-Anglican market. Integra provides these often small and
independent churches with a cost-effective means of protecting
their buildings and worshippers for the public good and social
cohesion. Integra as a standalone MGA was acquired by the Hannover
Re Group in 2011. For more
information: http://www.integra-ins.co.uk.
About Sapiens
Sapiens International Corporation is a leading and global
software provider for the insurance industry, with a 30-year track
record of delivering to more than 400 organizations. The company
offers software platforms, solutions and services, including a full
digital suite, to satisfy the needs of property and
casualty/general insurers, and life, pension and annuity providers.
Sapiens also services the reinsurance, workers' compensation,
financial and compliance, and decision management markets.
The company's portfolio includes policy administration, billing
and claims, underwriting, illustration and electronic application.
The digital suite features customer and agent portals, and a
business intelligence platform. 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