HOLON, Israel, Feb. 20, 2020 /PRNewswire/ -- Sapiens
International Corporation, (NASDAQ: SPNS) and (TASE: SPNS), a
leading global provider of software solutions for the insurance
industry, announced today that following the signing of a tier 1,
insurer, Sapiens has signed its 100th
reinsurance solution customer.
Sapiens reinsurance solutions have reliably served customers
across the globe, including many tier 1 providers, for over three
decades. These systems enable insurers of all sizes to manage their
entire lifecycle and all types of reinsurance contracts for
property & casualty (P&C), including contract management,
technical accounting, reinsurance claims management, financial
& regulatory, and reporting.
Sapiens' systems fully integrate with primary policy and claims
systems to perform the automated allocation and calculation of
cessions, and they support interfacing with general ledger, annual
statement and other systems. These functions reduce manual work,
which lessens potential lost or delayed claims recoveries, and
eliminates duplicate entries.
"For more than 30 years, our reinsurance solutions have
supported our globally diverse customer base, from local niche
carriers to top tier multi-nationals, across a broad range of
insurance lines and products," said Matthew
Simmers, head of Reinsurance for the Americas,
Sapiens. "The combination of our innovative technology, strong
relationships with our customers and ability to forecast where
the market is headed led to this significant milestone."
"These numbers demonstrate that Sapiens is one of the world's
leading reinsurance software providers," said Roni Al-Dor, president and CEO. "Sapiens is
uniquely servicing the global insurance market, including insurers
of all sizes, with fully comprehensive, end-to-end systems that
meet all their needs. We are proud to be the top choice of so many
providers and Sapiens will continue to work diligently and innovate
in this space."
Our reinsurance solutions enable full and flexible control of
reinsurance processes, with built-in automation of contracts,
calculations and processes. By incorporating fully automated
functions adapted conveniently for your business procedures, these
solutions provide flexible and total financial control of
reinsurance processes, including complete support for all auditing
requirements and statutory compliance.
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.
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