RALEIGH, N.C., Oct. 25, 2021 /PRNewswire/ -- Sapiens
International Corporation (NASDAQ: SPNS) (TASE: SPNS), a
leading global provider of software solutions for the insurance
industry, announced today that Berkshire Hathaway GUARD Insurance
Companies (GUARD), a national Property & Casualty insurer, has
achieved important benefits thanks to Sapiens Decision's business
logic management tools. GUARD started by moving selection and
pricing guidelines for perils in their Business Owner Policy lines
to achieve greater real-time service, consistency and change
management control.
![Sapiens logo Sapiens logo](http://mma.prnewswire.com/media/585787/Sapiens_Logo.jpg)
"I am excited to share that shortly after going live we are
seeing clear benefits. Sapiens Decision accelerates the
submission-to-quote time by enabling rapid decisioning on policy
characteristics," said Carl
Witkowski, Chief Operating Officer at GUARD Insurance
Companies. "The Sapiens solution is helping GUARD streamline the
quoting process and increase agent satisfaction, with lower IT
dependencies and improved business agility and control. With our
initial success and time to market, we are in the process of
rolling out Sapiens Decision to more business areas and look
forward to continuing to partner with Sapiens as we move forward in
our transformation."
"It's been a great pleasure working with GUARD as they expand
implementation of Sapiens Decision as part of their mission to be
the preferred company to which their agents turn," said
Jamie Yoder, Sapiens North America
President & General Manager. "With our no-code decision
automation platform, delivered on the cloud with easy integration
and robust performance, our clients like GUARD gain leverage
quickly by separating their business logic from core systems,
technical rules engines or manual processes. Within weeks, clients
automate mission-critical decision-making like GUARD has done with
their BOP perils calculation, accelerating to same-day rules change
management, with dramatically reduced IT spend and increased
business accuracy."
Sapiens Decision transforms how businesses are approaching
change, by modernizing traditional business rules management.
Sapiens Decision is used by major corporations in the banking,
insurance, retail, and public sectors to implement decision
automation and drive digital transformation.
About Berkshire Hathaway GUARD Insurance
Companies
Berkshire Hathaway GUARD Insurance Companies is a
property and casualty insurance specialist writing $2 billion in premium nationwide. GUARD offers a
wide range of commercial and personal insurance products and
services nationwide – each featuring flexible policy terms and
convenient payment options. To learn more about Berkshire Hathaway
GUARD, visit https://www.guard.com
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