HOLON, Israel, April 11, 2019 /PRNewswire/ -- Sapiens
International Corporation, (NASDAQ: SPNS) and (TASE: SPNS), a
global provider of software solutions for the insurance industry,
announced today that Oregon Mutual Insurance Group (Oregon Mutual),
a major provider of property & casualty insurance west of the
Mississippi, has deployed Sapiens
PolicyPro for Property & Casualty over the cloud for its
homeowners line of business.
Sapiens' cloud technology offers the highest levels of security
and supports pre-integration with some of the industry's leading
third-party packaged solutions.
"The insurance industry is undergoing dramatic digital
transformation," said Matt
Kulangara, Chief Information Officer (CIO) at Oregon Mutual.
"By replacing our legacy policy administration platform, we are now
able to provide our agents with a solution that is streamlined,
accurate, more integrated and easier-to-use. Our agents are pleased
with the new solution and we are happy to have partnered with
Sapiens to digitize our business. This is the second in a series of
deployments that will ensure Oregon Mutual has cutting-edge
technology to meet the increasingly complex requirements of our
agents and customers."
Oregon Mutual selected PolicyPro after a successful
implementation of its homeowners comparative rating with Sapiens
RatingPro for Property & Casualty. With Sapiens PolicyPro,
Oregon Mutual now offers agents:
- A streamlined policy administration system
- A modern user interface with browser-based capabilities
- An efficient tool for managing an agent's book of business
From the beginning, our goal has always been to build an
intuitive and easy-to-use system that would be used and appreciated
by our independent agents," said Steve
Patterson, president and CEO of Oregon Mutual. "In a very
short period, we have seen growing enthusiasm from our agents and
the developing increase in sales as they have experience the ease
of use. This project is only one of our initiatives – our IT and
business departments are collaborating with the Sapiens team to
continue to support our business growth and other endeavors and to
inform theirs."
"We are pleased that Oregon Mutual Insurance has gone to
production with Sapiens PolicyPro and proud to be part of their
digital journey. We look forward to their continued success,"
said Roni Al-Dor, Sapiens' president and CEO. "Our solutions
are not only helping them to modernize their platforms, but also
advancing their insurance application processes and enabling their
agents to meet the ever-changing needs of current and new
customers. We applaud the Oregon Mutual team for their dedication
to this project and look forward to a strong, continued
partnership."
About Oregon Mutual Insurance
Founded in McMinnville, Oregon
in 1894 by a close group of business owners, Oregon Mutual remains
the oldest, independent, mutual insurance company west of the
Mississippi. This year marks
125 years of serving the personal, commercial, and
agricultural needs of their clients across Oregon, Washington, California and Idaho. Consistently rated A- (Excellent) by AM
Best's Key Rating Guide since 1990, Oregon Mutual has demonstrated
stability, management expertise, and the ability to meet financial
obligations.
About Sapiens
Sapiens International Corporation empowers insurers to succeed
in an evolving industry. The company offers digital software
platforms, solutions and services for the property and casualty,
life, pension and annuity, reinsurance, financial and
compliance, workers' compensation and financial markets. With
more than 35 years of experience delivering to over 450
organizations globally, Sapiens has a proven ability to satisfy
customers' core, data and digital requirements. 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