Celent's accompanying report cited Sapiens' heavy investment
in Sapiens CoreSuite for Life & Pension, as well as the suite's
cloud-readiness, feature-richness and neat user interface
HOLON, Israel, Jan. 8, 2020 /PRNewswire/ -- Sapiens
International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a
leading global provider of software solutions for the insurance
industry, announced today that it has won Celent's XCelent award in
the "advanced technology" category in the EMEA region with its
Sapiens CoreSuite for Life & Pension offering (formerly
known as "Sapiens ALIS"). This marks the ninth Celent XCelent award
Sapiens has received, with six of those recognizing Sapiens in the
EMEA region.
Sapiens CoreSuite is a cloud-ready solution designed to provide
excellence in the administration of insurance business, facilitate
digital transformation and fast time-to-value for digital
strategies, and create greater efficiency via legacy
consolidation.
Research and consulting firm Celent analyzed 37 policy
administration systems for life & pension available in
Europe, the Middle East and Africa, publishing its findings in its recent
report: "EMEA Policy Administration Systems 2019: Life,
Annuities, And Pension ABCD Vendor View." Only insurance
software vendors with at least three customers in production with
the current version of the system, at least one sale to a new
customer within the past two years and participation by at least
three reference customers were included in Celent's framework for
evaluating vendors (the "Celent ABCD Vendor View").
"Sapiens CoreSuite for Life & Pension is very different from
the solution we profiled in 2017, then known as ALIS," wrote Celent
analysts Jamie Macgregor,
Karen Monks and Nicolas Michellod in the Celent report. "Sapiens
has invested heavily to improve the overall look and feel,
features, and underlying architecture to bring the solution up the
latest client expectations for what a 'good PAS solution' needs to
be. Furthermore, Sapiens says that CoreSuite L&P is now a
cloud-ready system with some components already cloud native and
the remainder to be completed in 2020."
Regarding features, the Celent analysts wrote, "The
configuration engine includes a dashboard and offers a neat user
interface. The product hub provides a great view of the metadata in
relation to a product. Sapiens has also developed a framework
called Smart Packs, which contains product configuration, SMART
Book — a BPMN processes and user guide — and an automated test pack
in Selenium…Overall, the product configuration component has been
much simplified."
"We are honored to once again receive an XCelent award," said
Roni Al-Dor, Sapiens president and
CEO. "We have invested heavily to improve our technology for EMEA
providers to ensure that we are equipping our customers in the
region with the most modern L&P and digital solutions. We
appreciate Celent continuing to provide such in-depth research,
which enables Sapiens to better understand insurers' top priorities
and challenges in EMEA."
To download the report, click here.
Sapiens CoreSuite for Life & Pension is our flagship
solution designed to provide excellence in administration of
insurance business, facilitate digital transformation and fast
time-to-value for digital strategies, and create greater efficiency
via legacy consolidation. This end-to-end, core policy
administration solution supports the complete policy lifecycle
across a wide variety of products in the life & pension
industries.
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