HOLON, Israel, Feb. 3, 2021 /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, has announced an
agreement with American Farmers & Ranchers (AFR), a general
farm organization with 60,000 members, to modernize their current
insurance platforms with an integrated, multi-line solution with
Sapiens Digital CoreSuite for Property & Casualty as well
as Sapiens ReinsurancePro.
Sapiens' solution enables AFR to replace their legacy systems
with a nimble and dynamic platform that supports their multiple
lines of businesses and helps them bring products to the
marketplace quickly. Sapiens' solution will also automate AFR's
reinsurance administration, which until now had been handled
manually.
AFR is the oldest, and one of the largest, general farm and
rural organizations in Oklahoma.
The organization is a single state writer of personal lines and
farm owner insurance products.
"When we needed to replace our legacy systems with a flexible
solution to support all our lines of businesses, we were drawn to
Sapiens' impeccable industry reputation as well as our previous
experiences with other Sapiens' solutions. The functionality of the
CoreSuite components met our extensive requirements," said
Jon Srna, AFR President and CEO.
"We are very pleased to enable AFR in their digital
transformation by migrating to a single digital platform," said
Roni Al-Dor, Sapiens president and
CEO. "Empowering insurers in their quest to be more agile and adapt
to ever-changing market requirements is at the core of Sapiens'
mission."
Sapiens' market-leading and rules-based CoreSuite for Property
& Casualty is comprised of three fully integrated, yet
standalone, components – policy, billing and claims. Purpose-built
for the P&C market, carriers can choose to harness Sapiens'
end-to-end, cloud-based P&C insurance software with digital
capabilities, or select from individual modular components to meet
their needs today.
Sapiens ReinsurancePro manages the entire range of reinsurance
contracts and activities for all lines of business. Built-in
automation of contracts, calculations and processes provide
flexible and full financial control of the reinsurance processes,
including 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 & casualty,
life, pension & annuity, reinsurance, financial &
compliance, workers' compensation and financial markets. With more
than 35 years of experience delivering to more than 550
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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content:http://www.prnewswire.com/news-releases/american-farmers-and-ranchers-selects-sapiens-coresuite-for-property--casualty-with-reinsurancepro-to-modernize-their-digital-landscape-301221277.html
SOURCE Sapiens International Corporation