HOLON, Israel, April 23, 2019 /PRNewswire/ -- Sapiens
International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading
global provider of software solutions for the insurance industry,
announced today a strengthened partnership with a tier-1 South
African bank, marking a continued presence in the region. The
existing client selected Sapiens IDITSuite for Property &
Casualty to enable them to support formidable challenges and
increased demands from customers and clients seeking digitised
experiences.
Sapiens IDITSuite for Property & Casualty was selected
for the high quality of its offering and history of successful
implementation. The suite is a component-based, standalone software
solution that offers policy, billing and claims forms. This
pre-integrated, fully digital suite was designed with growth and
change in mind and offers a flexible, user-friendly workflow
interface. The additional Sapiens platform will provide the bank
with the ability to support all current clients' needs, including
line of business and commercial policies.
"We are pleased with the opportunity to continue increasing our
operations and services in South
Africa," said Roni Al-Dor,
Sapiens' president and CEO. "We've fostered a great
partnership with a leading South African bank and it's always
rewarding when an existing client expands the use of our system.
The adoption of IDITSuite for P&C will maximize our joint
investment and technology efforts."
The financial institution made the decision after a
comprehensive review of multiple vendors and successful completion
of the RFP, PoC and product demo processes. Sapiens has
recently increased its investment in the market by establishing a
head office in Sandton, South
Africa.
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
View original content to download
multimedia:http://www.prnewswire.com/news-releases/tier-1-south-african-bank-chooses-sapiens-solution-to-expand-their-property--casualty-insurance-offerings-300836299.html
SOURCE Sapiens International Corporation