RALEIGH, North Carolina,
May 26, 2020 /PRNewswire/ -- Sapiens
Americas, a wholly owned subsidiary of Sapiens International
Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global
provider of software solutions for the insurance industry,
announced today that American Family Insurance (American Family), a
private American mutual organization, selected Sapiens Decision for
Insurance.
American Family selected Sapiens Decision for Insurance and
plans to utilize it as a decision platform across various insurance
operating companies. The implementation process is underway and
American Family plans to scale quickly, with core business logic
modeled for personal property, auto and umbrella insurance products
during the first stage, to be followed by additional
products.
"Our offerings make business logic accessible, manageable and
scalable for business users – and enable organizations to foster
compatibility between disparate systems – accelerating the pace of
the business and creating a significant amount of agility," said
Harold Westervelt, managing
director, Sapiens Decision.
Sapiens Decision for Insurance (formerly called "Sapiens
Decision") transforms how insurance carriers are approaching
change, by modernizing traditional business rules management. It
enables insurers to grow their business and respond to market needs
through accurate and consistent enforcement of business rules and
policies. It is used by major insurance companies in property &
casualty (P&C), life, commercial and personal lines to
implement process automation and effect digital transformation.
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 & casualty,
life, pension & annuity, reinsurance, financial &
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.
About the American Family Insurance Group
Based in Madison,
Wisconsin, American Family Insurance has been
serving customers since 1927. We inspire, protect and restore
dreams through our insurance products, exceptional service from our
agency owners and employees, community investment and creative
partnerships to address societal challenges. American Family
Insurance group is the nation's 13th-largest property/casualty
insurance group, ranking No. 306 on the Fortune 500 list. The group
sells American Family-brand products, primarily through exclusive
agency owners in 19 states. The American Family Insurance group
also includes CONNECT, powered by American Family Insurance
(formerly Ameriprise Auto &
Home), The General, Homesite
and Main Street America. Across these companies
the group has more than 13,500 employees nationwide. For more
information: www.amfam.com.
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Media Contact
Alex Zukerman
CMO and Chief of Strategy, Sapiens
+972 546 724 910
alex.zukerman@sapiens.com
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SOURCE Sapiens International Corporation