HOLON, Israel, Nov. 24, 2020
/PRNewswire/ -- Sapiens International Corporation
(NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software
solutions for the insurance industry, today announced that Gartner,
Inc. has recognized Sapiens CoreSuite for Life, Pension &
Annuities as a solution for legacy life insurance policy
administration systems in its latest report*.
Sapiens' platform received the highest rating for five of seven
use cases evaluated, including Product Configuration;
Straight-Through Processing of Applications; Contract Changes and
Claims Support; Group Business Support; and Digital Business
Support.
"As the COVID-19 pandemic has vividly illustrated, robust
digital capabilities are critical to insurers' resilience and
competitive positioning," said Roni
Al-Dor, president and CEO, Sapiens. "Through our
best-in-class technology and deep market expertise, Sapiens is
enabling life insurers to successfully achieve digital
transformation – creating vital efficiencies, accelerating time to
market, and opening up new revenue streams."
Sapiens CoreSuite for Life and Pensions supports multiple lines
of business for both individual and group life, annuities,
investments and medical products ‒ in a single, end-to-end system.
It offers a 360-degree view of the customer from the policy
administration system, across all distribution channels and
communication streams. CoreSuite helps insurers accelerate time to
market with streamlined and simplified business processes, and open
architecture. The suite now offers one-click, cloud-native
architecture for quick and easy provisioning, security and
scale.
The platform is part of Sapiens' suite of end-to-end software
solutions for insurers, brokers and MGAs of the property &
casualty; life, pension & annuities; reinsurance; workers'
compensation; financial & compliance and business decision
management software.
*Gartner "Critical Capabilities for Life Insurance Policy
Administration Systems, Europe" by
Laurie Shotton and Manav Sachdeva, Sept. 29,
2020.
Gartner does not endorse any vendor, product or service
depicted in its research publications, and does not advise
technology users to select only those vendors with the highest
ratings or other designation. Gartner research publications consist
of the opinions of Gartner's research organization and should not
be construed as statements of fact. Gartner disclaims all
warranties, expressed or implied, with respect to this research,
including any warranties of merchantability or fitness for a
particular purpose.
Click here to view a complimentary copy of the Critical
Capabilities for Life Insurance Policy Administration Systems,
Europe report.
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.
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