HOLON, Israel, Nov. 14, 2019 /PRNewswire/ -- Sapiens
International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading
global provider of software solutions for the insurance industry,
today announced that Hollard Group Risk, an independent specialist
risk manager based in South Africa
that is a division of Hollard Life Assurance Company Limited, has
selected Sapiens CoreSuite for Life & Pension (formerly known
as "Sapiens ALIS") to transform its core business, group risk.
"During the selection process, our goal was to improve Hollard
Group Risk's position in the ultra-competitive South African market
via a modern and flexible group risk solution that would enable us
to provide an enhanced customer experience," said Franco Patrizi, managing director, Hollard Group
Risk. "Sapiens CoreSuite for Life & Pension is a
business-focused solution that can handle our existing corporate
and binder business volumes, with ample room to accommodate
expected growth. Hollard Group Risk also expects CoreSuite's
efficient processing to drive down our operational costs via
streamlined automation for customers, alliance partners and our
personnel."
Sapiens CoreSuite for Life & Pensions features enhanced
group functionality that is designed to flexibly and speedily
handle enrollment, changes in membership, reconciliation and claim
processing through automation. CoreSuite enables digital
integration to facilitate self-service by members, employers or
third-party administrators. The CoreSuite advanced UX simplifies
administration for users, providing intuitive dashboards and
process management.
"This is an expansion of our strategic and long-term partnership
with Hollard, who originally chose Sapiens back in 2014 for a
reinsurance solution," said Roni
Al-Dor, Sapiens' president and CEO. "Sapiens personnel have
been working diligently to ensure that our group functionality is
innovative and will support providers' digital journeys. This
selection is positive affirmation that we are fulfilling those
goals."
Sapiens CoreSuite for Life & Pension is a flagship
solution designed to enable insurance providers 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 & pension market. This insurance
software uniquely combines functional maturity and robustness
gained through decades of global success, with cutting-edge
innovation and modern technology.
About Hollard Group Risk
Hollard Group Risk is an independent specialist risk manager
that provides a comprehensive range of flexible risk benefit
solutions to employer and affinity groups, both locally and
internationally. For more
information: www.hollard.co.za/partners/life-insurance-partners/hollard-group-risk.
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