Sapiens CoreSuite for Property & Casualty and Sapiens
IntelligencePro are expected to accelerate growth and help the
insurer meet new product demands
RALEIGH, North Carolina,
June 3, 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 FBAlliance Insurance, a provider of Farm Bureau insurance
protection, has selected Sapiens CoreSuite for Property &
Casualty and Sapiens IntelligencePro to accelerate growth
and meet demand for rapid launch of new products.
Self-sufficiency and a reduction in total cost of ownership and
operational costs were key factors in FBAlliance choosing Sapiens'
CoreSuite and advanced analytics solution. The ability to easily
integrate third-party technologies and data sources, run a rapid
and seamless upgrade process, speedily introduce new products and
generate actionable insights via analytics will help FBAlliance
meet those goals.
"We chose the Sapiens Property & Casualty CoreSuite as a
major pillar of our technology roadmap, to speed up our growth
strategy," said Geri Powell, CEO,
FBAlliance Insurance. "We found that Sapiens CoreSuite's product
configuration architecture removes the usual limitations of a
policy administration system and will enable us to offer creative
products, excellent time to market and an enhanced customer
experience. It will provide us with the flexibility we need to
support our Farm Bureau partners, agents and policyholders."
"Sapiens CoreSuite's open architecture means our imagination is
the only limit on the products we can provide and support, and the
agent and customer experience we offer. We were impressed with the
references we received from clients regarding the seamlessness of
the release upgrade process, which can be complex if not handled
properly," added Jim Vasilou, IT
director, FBAlliance Insurance.
Continued Vasilou: "We rely heavily on analytics to help us
drive business decisions, so we sought a system that could provide
a robust business intelligence tool we could leverage for our
analytics, dashboard and reporting needs. We are excited to see
what insights the platform's IntelligencePro module can
provide."
"Sapiens is proud to have served Farm Bureaus for many decades,"
said Roni Al-Dor, Sapiens president
and CEO. "We are excited to partner with FBAlliance and to continue
servicing additional Farm Bureaus. We appreciate FBAlliance's vote
of confidence in choosing our products and service, and welcome
them to our constantly growing customer base in the North American
market. Pairing Sapiens' analytics solution with our integrated
P&C CoreSuite has proven to be a desirable option for Farm
Bureaus and other P&C insurers."
About FBAlliance Insurance
FBAlliance Insurance is a company owned by nine different Farm
Bureau insurance companies across the
United States. The company provides additional Farm Bureau
insurance protection options to current and future members of the
Farm Bureau. With the same commitment to provide quality service
and products as its Farm Bureau insurance company owners,
FBAlliance Insurance can be trusted to be one of the best property
& casualty insurers in the country. For more information:
www.fballianceins.com.
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.
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Media Contact
Alex
Zukerman
CMO and Chief of Strategy, Sapiens
+972 546 724 910
alex.zukerman@sapiens.com