HOLON, Israel, Sept. 5, 2018 /PRNewswire/ -- Sapiens
International Corporation, (NASDAQ: SPNS) and (TASE: SPNS), a
leading global provider of software solutions for the insurance
industry, announced today that it has established a partnership
with FinTLV, a venture capital fund that provides industry
expertise and financial investment to trailblazing start-ups
developing innovative financial technology. The partnership is
designed to enable Sapiens to bridge the gap between insurance
carriers and insurtech start-ups, with a focus on simplifying
access to innovative insurance technologies.
Sapiens' global insurance technology leadership and vast product
portfolio – combined with FinTLV's access to a large number of
insurtech-related technologies and companies, and expertise in
managing innovation programs for insurance companies – is expected
to result in a unique value proposition for Sapiens' insurance
provider clients. Leveraging the skills and resources of both
organizations will simplify the creation of innovation programs to
facilitate, support and promote innovation and disruption within
the insurance industry, especially within the Sapiens client
family.
A sampling of the benefits insurers can derive from the
partnership include:
- Annual innovation programs tailor-made for customers' unique
business scenarios.
- Formulation of new value propositions and new products.
- Support for the full technology innovation lifecycle, from
funnel, to proof of concept (POC) and successful production.
"This partnership allowsus to leverage FinTLV's access to scores
of insurtech-related technologies and companies around the globe,
enabling us to incorporate new technologies and provide strong
insurtech ecosystems for Sapiens' core products," said Alex Zukerman, head of corporate strategy,
Sapiens. "Combining FinTLV's proven ability to execute innovation
programs with Sapiens' strong software development skills and
insurance expertise offers a tremendous value proposition for our
clients, as they continue to modernize and transform their
operations."
"Sapiens' proven ability to apply smart technologies to the
insurance process has resulted in an impressive portfolio of
production-level solutions for carriers," said Gil Arazi, co-founder and managing partner of
FinTLV. "We believe we can help Sapiens and its customers by
exposing them to the latest insurtech offerings, supporting them in
their innovation efforts and assisting in the adoption of new
technologies. This will be a 'win' for everyone involved: carriers,
Sapiens, FinTLV and the insurance industry as a whole."
About FinTLV
FinTLV is a venture capital fund aiming
to provide industry expertise and financial investment to
trailblazing start-ups developing innovative, new-age financial
technology. The firm also incorporates an Insurtech Open Corporate
Innovation Platform, jointly with SOSA, a global network of tech
innovation hubs, into its investments, connecting industry leaders
to the heart of the Israeli start-up ecosystem. For more
information: www.fintlv.com.
About Sapiens
Sapiens International Corporation is a
leading global provider of software solutions for the insurance
industry, with a 35-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:
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
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SOURCE Sapiens International Corporation