HOLON, Israel, Sept. 29, 2021 /PRNewswire/ -- Sapiens
International Corporation (NASDAQ: SPNS) and (TASE: SPNS), a
leading global provider of software solutions for the insurance
industry, today announced that Gjensidige Pensjonsforsikring (GPF),
a leading provider of defined contribution, investment products,
pension plans and risk products for groups and individuals in the
Norwegian market, has decided to expand its partnership with
Sapiens and implement Sapiens API Composition Engine (ACE). Sapiens
DigitalSuite, ACE, will be integrated into Sapiens CoreSuite – the
global and leading solution for Life & Pension insurers. This
will allow GPF to simply and easily integrate and orchestrate a
variety of services, apps and systems through an agnostic API layer
thereby accelerating digital transformation.
![Sapiens Logo Sapiens Logo](http://mma.prnewswire.com/media/585787/Sapiens_Logo.jpg)
"Sapiens was the obvious choice to support our broad digital
strategy, and the natural fit to take GPF one step further on our
path to digitalization. Our extensive experience working with
Sapiens, and their modern, modular approach to applying insurance
solutions ensure that we can trust in the longevity of our
offerings well into the future," said Torstein Ingebretsen, CEO of GPF. "Sapiens'
innovative digital solutions can propel our journey and ensure we
are providing our clientele with the best experience."
The future of the insurance techstack lays in modern, open
architectures which include seamless integrations between a variety
of systems through an agnostic API layer. ACE, which is part of the
Sapiens DigitalSuite, will be instrumental in creating more
productive experiences by simplifying the orchestration and
integration into any core system, third-party data source or
ecosystem marketplace. Using low-code tools for easy integration
and data transformation to support multiple backend systems,
omni-channel fronts and dynamic ecosystem solutions.
"This important digital integration of Sapiens' solution will
enable GPF to achieve significant competitive advantage. We are
very pleased to expand our partnership with GPF, which is a
regional powerhouse with a more than 200-year history in the
Norwegian insurance industry," said Roni
Al-Dor, Sapiens president and CEO.
Sapiens DigitalSuite enables a quick entrance into new
markets, with open architecture and seamless integration through
advanced APIs, the insight of data-driven business processes and
the agility of a cloud-native environment. Sapiens offers a vast
ecosystem of digital partners that are pre-integrated,
pre-certified and pre-selected to bring real value. Sapiens helps
insurers integrate quickly with innovative partners that improve
customer experience and create operational efficiencies, maximizing
value immediately.
About Gjensidige Pensjonsforsikring (GPF)
Gjensidige Pensjonsforsikring (GPF) is a wholly owned subsidiary
of Gjensidige Forsikring. GPF mainly offers defined
contribution, investment products, pension plans and risk products
for groups and individuals in the Norwegian market. For more
information click here.
About Sapiens
Sapiens International Corporation (NASDAQ and TASE: SPNS)
empowers the financial sector, with a focus on insurance, to
transform and become digital, innovative and agile. Backed by more
than 35 years of industry expertise, Sapiens offers a complete
insurance platform, with pre-integrated, low-code solutions and a
cloud-first approach that accelerates customers' digital
transformation. Serving over 600 customers in 30 countries, Sapiens
offers insurers across property and casualty, workers compensation
and life markets the most comprehensive set of solutions, from core
to complementary, including Reinsurance, Financial &
Compliance, Data & Analytics, Digital, and Decision
Management. For more information visit
www.sapiens.com or follow us on LinkedIn.
Media
Contact
Shay
Assaraf
Chief of Marketing,
Sapiens
Shay.assaraf@sapiens.com
|
Investors
Contact
Daphna
Golden
Vice President, Head
of Investor Relations, Sapiens
ir@sapiens.com
|
Forward Looking Statements
Certain matters discussed in this press release that are
incorporated herein by reference are forward-looking statements
within the meaning of Section 27A of the Securities Act, Section
21E of the Exchange Act and the safe harbor provisions of the U.S.
Private Securities Litigation Reform Act of 1995, that are based on
our beliefs, assumptions and expectations, as well as information
currently available to us. Such forward-looking statements may be
identified by the use of the words "anticipate," "believe,"
"estimate," "expect," "may," "will," "plan" and similar
expressions. Such statements reflect our current views with respect
to future events and are subject to pandemic risks and
uncertainties. There are important factors that could cause our
actual results, levels of activity, performance or achievements to
differ materially from the results, levels of activity, performance
or achievements expressed or implied by the forward-looking
statements, including, but not limited to: the degree of our
success in our plans to leverage our global footprint to grow our
sales; the degree of our success in integrating the companies that
we have acquired through the implementation of our M&A growth
strategy; the lengthy development cycles for our solutions, which
may frustrate our ability to realize revenues and/or profits from
our potential new solutions; our lengthy and complex sales cycles,
which do not always result in the realization of revenues; the
degree of our success in retaining our existing customers or
competing effectively for greater market share; difficulties in
successfully planning and managing changes in the size of our
operations; the frequency of the long-term, large, complex projects
that we perform that involve complex estimates of project costs and
profit margins, which sometimes change mid-stream; the challenges
and potential liability that heightened privacy laws and
regulations pose to our business; occasional disputes with clients,
which may adversely impact our results of operations and our
reputation; various intellectual property issues related to our
business; potential unanticipated product vulnerabilities or
cybersecurity breaches of our or our customers' systems; risks
related to the insurance industry in which our clients operate;
risks associated with our global sales and operations, such as
changes in regulatory requirements, wide-spread viruses and
epidemics like the recent novel coronavirus pandemic, which
adversely affected our results of operations, or fluctuations in
currency exchange rates; and risks related to our principal
location in Israel and our status
as a Cayman Islands company.
While we believe such forward-looking statements are based on
reasonable assumptions, should one or more of the underlying
assumptions prove incorrect, or these risks or uncertainties
materialize, our actual results may differ materially from those
expressed or implied by the forward-looking statements. Please read
the risks discussed under the heading "Risk Factors" in our most
recent Annual Report on Form 20-F, in order to review conditions
that we believe could cause actual results to differ materially
from those contemplated by the forward-looking statements. You
should not rely upon forward-looking statements as predictions of
future events. Although we believe that the expectations reflected
in the forward-looking statements are reasonable, we cannot
guarantee that future results, levels of activity, performance and
events and circumstances reflected in the forward-looking
statements will be achieved or will occur. Except as required by
law, we undertake no obligation to update publicly any
forward-looking statements for any reason, to conform these
statements to actual results or to changes in our expectations.
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SOURCE Sapiens International Corporation