Integrated offering empowers insurers to enhance value and
profitability across the life insurance value chain
HOLON, Israel, April 21, 2021 /PRNewswire/ -- Sapiens
International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading
global provider of software solutions for the insurance industry,
announced today an agreement with Atidot, a cloud-based SaaS
provider of AI and machine learning solutions for life and annuity
insurers. The partnership facilitates new ways
for North American and European insurers to generate revenue
through analytics and actionable insights.
The joint solution empowers life and annuity insurers to
maximize the value they gain from their books of business. The
solution produces actionable insights enabling better service for
policyholders and new revenue generation as it is integrated with
Sapiens CoreSuite for Life Insurance, Sapiens IllustrationPro, as
well as Sapiens' analytics and digital offering.
"Sapiens constantly aims to mine new technologies and provide
state-of-the-art solutions for its customer base, and also adds
value through an extensive ecosystem of insurtech startups.
Integrating Atidot's AI and predictive analytics platform with our
core suite of products enables life insurers to improve
profitability and provide better service to their customers," said
Roni Al-Dor, Sapiens president and
CEO.
Founded by a team of data scientists and veteran
actuaries, Atidot offers a cloud-based platform that provides
data-driven insights to inform decision making, drive new
business strategies, and create new revenue streams using AI,
machine learning predictive analytics technology. Atidot works
with leading Tier 1 life insurance companies in North America and Europe and was selected in 2020 by Gartner as
"Cool Vendor 2019 in Insurance."
"We are excited to partner with Sapiens to enable customers
to move forward to the data era. Atidot brings disruptive
innovation to the life insurance industry, providing a platform
that will help enhance profitability and personalization of
policies and take a proactive approach to risk reduction," said
Dror Katzav, Atidot Co-Founder and
CEO.
Together, Sapiens and Atidot offer a unique software solution
that is dynamic, real time and trained with industry data. The
joint platform leverages external data and machine learning
capabilities to provide business insights far beyond those that
traditional analysis methods using static modeling are able to
show. The solution is relevant to organizations' marketing,
distribution, product and data departments.
Sapiens CoreSuite Life Insurance facilitates digital
transformation and fast time-to-value for digital strategies. It
enables life carriers to become engaged, agile organizations with
increased sales opportunities. By integrating CoreSuite with
Sapiens advanced analytics solution and data warehouse, insurers
can quickly generate actionable insights, self-service business
intelligence and data discovery capabilities, across all mobile
devices, including in the cloud.
About Atidot
Atidot is a leader in predictive analytics, artificial
intelligence and machine learning solutions for the life insurance
and annuity industry. Atidot's cloud-based platform provides
insurers with data-driven, actionable insights that create new
revenue-generating opportunities to increase sales and customer
retention. Atidot solutions also provide a deep understanding of
insurers' product positioning and competitive landscape, enabling
carriers to adjust their product strategy and react quickly to
changing market conditions and competition. Atidot works with Tier
1 industry leaders in North
America and in Europe and
was selected by Gartner to be "Cool Vendor 2019 in
Insurance." The company has offices in California, London, Spain, and Israel. For more information, visit
http://www.atidot.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 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 600 organizations globally,
Sapiens has a proven ability to satisfy customers' core, data and
digital requirements. For more
information: http://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
Investors Contact:
Daphna
Golden
Vice President, Head of Investor Relations, Sapiens
ir@sapiens.com