HOLON, Israel and DENVER, June 19,
2018 /PRNewswire/ --
Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS),
a leading global provider of software solutions for the insurance
industry, announced today that SUNZ Insurance (SUNZ) has gone live
on CompSuite® Policy, a policy administration system that
is designed specifically for workers' compensation.
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SUNZ selected CompSuite to support rating and policy issuance
for its Professional Employer Organization (PEO) program, which
specializes in workers' compensation. Implementation took less than
four months, from kick-off to CompSuite production, enabling SUNZ
to:
- Issue policies automatically, generating policy page
endorsements and premium accounting for 46 states
- Support compliance reporting to Workers' Compensation Insurance
Organizations (WCPOLS)
- Seamlessly import master and multiple coordinated policies and
associated payroll into CompSuite Policy
- Improve operational efficiencies and reduce overall costs, with
CompSuite's turnkey hosted solution designed specifically for
workers' compensation
"We were impressed by Sapiens' product flexibility, workers'
compensation knowledge, PEO processing capabilities and track
record of successful implementations," said Glen Distefano, SUNZ Chief Technical Officer.
"Sapiens has proven to be a true partner by understanding our
business, responding to our requirements, and giving us the
speed-to-market necessary to achieve our business goals."
"We congratulate SUNZ on the successful implementation and
welcome them to the Sapiens customer family," said Roni Al-Dor, Sapiens' president and CEO.
"Sapiens' looks forward to continuing to work with the SUNZ team to
help them maximize the value of their investment and deliver on
their business and customer objectives."
CompSuite Policy is a component of StoneRiver's enterprise
CompSuite solution, which also includes claims and managed
care/bill review.
About SUNZ Insurance
Headquartered in Bradenton,
Florida, SUNZ Insurance Company is a dedicated long-term
business partner - not just a workers' compensation insurance
carrier. SUNZ Insurance (sunzinsurance.com), established in 2005,
was founded specifically to provide large deductible workers'
compensation solutions for Professional Employer Organizations,
staffing companies and large companies.
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
SOURCE Sapiens International Corporation