HOLON, Israel, Jan. 29, 2020 /PRNewswire/ -- Sapiens
International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a
leading global provider of software solutions for the insurance
industry, announced today that Sapiens PolicyPro for Property &
Casualty and Sapiens BillingPro for Property &
Casualty have achieved the Service Organization Control (SOC)
1 and 2 Type 2 compliance certification, an attestation standard
defined by the Association of International Certified
Professional Accountants (AICPA) certifying that PolicyPro and
BillingPro's information security practices, policies and
procedures are officially approved to meet the SOC 1 and 2 trust
principles criteria for security, availability, processing
integrity and confidentiality.
"We have put significant focus on dependability and security of
our solutions," said John Pettit,
Sapiens' chief of product and strategy, P&C, North America. "With SOC certification, our
customers and partners can be even more confident that there are
controls and auditing procedures in place to maintain the security,
availability and confidentiality of their information."
"As insurers look to vendors for increased cloud deployment of
mission-critical applications, reaching the level of SOC 1 and SOC
2 compliance is a significant level to attain," said Karen Furtado, Partner at Strategy Meets Action.
"This degree of certification positions Sapiens to be a brand that
understands the requirements of providing and supporting the
applications, as well as the many facets of a cloud operating
environment, with process integrity."
To attain SOC certification, Sapiens' P&C solutions were
reviewed by an independent auditor against the criteria set forth
by the AICPA. For more details, visit: www.aicpa.org/soc.
"We are proud to be one of a handful of P&C software
solution providers to achieve the stringent requirements of SOC 1
and SOC 2," continued Pettit. "This certification sends an
important message to carriers that we exceed compliancy
requirements with meaningful audit standards that further position
Sapiens as a leading provider of cloud-based P&C software
solutions."
Sapiens now has six solutions certified SOC 1 or 2.
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 500
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
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SOURCE Sapiens International Corporation