The successful production of the Sapiens policy
administration environment prompts the addition of more lines of
business
HOLON, Israel, Nov. 20, 2018 /PRNewswire/ -- Sapiens
International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a
leading global provider of software solutions for the insurance
industry, today announced that a tier 1 South Africa bank has
chosen to expand its use of the Sapiens policy administration suite
for life insurance. Originally choosing Sapiens to help launch its
new life insurance company in 2015, the financial institution was
already successfully in production with Sapiens for its direct,
advised and bancassurance protection products. The additions to the
Sapiens platform include funeral benefits on the life line of
business, now in production, and confirmed plans to add its annuity
line of business.
![Sapiens Logo Sapiens Logo](http://mma.prnewswire.com/media/585787/Sapiens_Logo.jpg)
Commenting on the client's latest decision, Roni Al-Dor, Sapiens' president and CEO, said,
"It is always gratifying when an existing client give us that extra
vote of confidence by expanding the use of our system. We have
established a great partnership with the bank and our teams work
extremely well together, keeping the focus on ensuring the bank
achieves maximum value from the investment in and use of our
technologies."
Sapiens ALIS is Sapiens' flagship life solution designed to
enable Insurers to quickly and efficiently address the challenges
of a highly regulated and increasingly competitive marketplace. The
end-to-end, core solution suite supports the complete policy
lifecycle across a wide variety of products in the Life, Wealth and
Retirement segments. Sapiens life insurance software uniquely
combines functional maturity and robustness gained through decades
of global success, with cutting-edge innovation and modern
technology, complemented by the unmatched delivery capabilities
that have been synonymous with Sapiens for 30+ years.
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: 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