The South African insurer is supporting short term business
products with Sapiens IDITSuite for Property & Casualty
HOLON, Israel, Feb. 27, 2020 /PRNewswire/ -- Sapiens
International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a
leading global provider of software solutions for the insurance
industry, today announced that SA Taxi Protect, an independent
financier for the minibus industry in South Africa, has gone live with Sapiens
IDITSuite for Property & Casualty. The Sapiens suite is
supporting SA Taxi Protect's initiatives to provide optimal
insurance solutions to finance entrepreneurs who operate minibus
taxis that may not have access to credit from traditional banks.
These initiatives enable and improve the safety of public transport
in South Africa.
With an estimated 250,000 taxis on the roads in South Africa, comprehensive insurance
offerings are imperative for keeping this industry on track and
able to meet the needs of its growing population. The high degree
of functionality and seamless implementation of Sapiens IDITSuite
made it the best option for supporting SA Taxi Protect's
evolution.
"SA Taxi Protect is gearing up for strategic growth, as we look
to enhance our position in both consumer and broker markets,
improve speed to market for new products supported by agile
pricing, increase operational efficiencies and reduce operational
risk," said Riek Olivier, insurance
executive director, SA Taxi. "We chose Sapiens as our technology
partner to achieve these goals and to benefit from new digital
capabilities, especially IDITSuite's fast launch and flexible
pricing capabilities. The collaborative implementation process was
completed on-time and within budget."
The implementation was completed within a year. Sapiens' head
office in South Africa provided support throughout the project
lifecycle and will continue to do so.
"Partnering with SA Taxi to help protect a vital industry
strengthens Sapiens' commitment to the region," said Roni Al-Dor, Sapiens' president and
CEO. "Building solutions to meet the unique needs of our
customers is always rewarding and we are confident that the
adoption of Sapiens IDITSuite for Property & Casualty will
maximize the positive impact SA Taxi has on the minibus
industry."
Sapiens IDITSuite for Property & Casualty was carefully
chosen for the quality of its offering and component-based,
standalone software solution. IDITSuite will maximize support
capabilities and streamline current processes, including policy
issuing, taxi financing and insurance claims forms. This
pre-integrated, fully digital suite was designed with growth and
change in mind, and offers a flexible, user-friendly workflow
interface.
About SA Taxi
SA Taxi is an independently-owned commercial business. It is
part of the Transaction Capital group of companies listed on the
JSE in June 2012. SA Taxi was founded
in 1996 and now has more than 1,150 employees. It is based in
Midrand in Gauteng but has a national customer base. SA Taxi
focuses on building entrepreneurs through the medium of the taxi
industry. Of the estimated 250,000 taxis on the roads in
South Africa, SA Taxi finances
more than 31,500. For more information: sataxi.co.za.
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