Sapiens' P&C core suite, reinsurance offering, advanced
analytics solution and digital tools will replace the Croatian
leader's legacy IT solutions, for increased productivity and faster
time to market
HOLON, Israel, Nov. 27, 2019 /PRNewswire/ -- Sapiens
International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a
leading global provider of software solutions for the insurance
industry, announced today that Croatia Osiguranje, a leading
Croatian insurer that has been operating in the region for over 135
years, has selected Sapiens IDITSuite for Property &
Casualty and Sapiens ReinsuranceMaster, as well as other tools
for its digital transformation program.
Sapiens' solutions will facilitate advanced digitalization of
the insurer's entire property & casualty (P&C) and health
insurance segments, as well as claims handling. Sapiens' technology
is expected to further increase the productivity of Croatia
Osiguranje's sales force and speed its time to market, while also
optimizing business operations through business process
simplification and automation.
"Such a considerable investment in Croatia Osiguranje's digital presence and
future supports our ambition to retain and increase our company's
competitive advantage," said Davor Tomašković, CEO, Croatia
Osiguranje. "The new solutions will help our company, which
possesses over 135 years of tradition, enter a new era of growth
and development. Croatia Osiguranje will be ready to meet the
demands of the dynamic market we operate in today, and
tomorrow."
"Many insurers, such as Croatia Osiguranje, are embracing the
importance of digitalization to stay ahead of their competitors,
while increasing efficiencies and offering a unique customer
experience," said Roni Al-Dor,
Sapiens president and CEO. "We are excited to be partnering
with Croatia Osiguranje for this transformation and Sapiens looks
forward to many years of fruitful collaboration."
Sapiens' solutions will deliver a fully digital platform,
including business intelligence. Croatia Osiguranje will be able to
expand its offerings by launching new lines of business, products
and services, using our flexible product factory.
About Croatia Osiguranje
Croatia Osiguranje is the leading company in Croatia's insurance market. It has been
operating in this region for over 135 years. Since 2014, the
company has been doing business as part of the Adris Group. As the
leader in life and non-life insurance, Croatia Osiguranje is
clearly focused on achieving operational efficiency, providing
top-quality services to its clients, and having a broad portfolio
of modern insurance solutions. For more information:
crosig.hr/en/about-us/croatia-osiguranje-group.
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.
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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