Sapiens solution will transform Guardian's consumer/agent
experience, enabling consistency of underwriting practices across
the group and smarter underwriting
RALEIGH, N.C., Nov. 1, 2021 /PRNewswire/ -- Sapiens
International Corporation (NASDAQ: SPNS) (TASE: SPNS), a
leading global provider of software solutions for the insurance
industry, announced today that Guardian Group, a $1 billion carrier serving 21 countries across
the English and Dutch Caribbean, is integrating Sapiens solution
for accelerated underwriting for their life and health operations
in Trinidad, Jamaica and Curacao.
![Sapiens logo Sapiens logo](http://mma.prnewswire.com/media/585787/Sapiens_Logo.jpg)
The solution includes Sapiens UnderwritingPro, Sapiens
Intelligence , and Atidot Predictive Analytics, which is
pre-integrated through Sapiens PartnerHub – and will leverage
Sapiens best practices, new data sources, and AI to support
accelerated underwriting. Sapiens solution will automate
Guardian Group's numerous manual processes associated with
underwriting, thus freeing up their underwriters to focus on
complex and exception cases. Cases can be auto-decisioned using
rules and criteria configured by business users, and Guardian will
have the flexibility of auto-decisioning as much as 95% of its
fluid-less cases.
Sapiens solution will identify bottlenecks in the underwriting
process and enable Guardian to shorten the cycle time, while
enabling consistency of underwriting practices across Guardian
Group. Advanced analytics, predictive model and AI will be used to
allow Guardian Group to further tune and improve their underwriting
requirements enriched with third-party data and reach an automation
level of 95% of cases.
"Guardian Group's goal is to innovate and disrupt how policies
are underwritten and to transform the consumer/agent experience.
Sapiens is empowering that mission by enabling us to accelerate the
future through innovation," said Naresh
Mongroo, Guardian Group Chief Data Officer.
"Building an autonomous company that's able to stand alone and
deliver efficiency and productivity requires optimal processes
around culture, people and systems," said Alan Sadler, Guardian Group Chief Operating
Officer. "Sapiens shares the same DNA and supports our
mission to operate as one integrated, customer-centric company that
delivers its brand promise consistently, at every customer touch
point."
"Sapiens is delighted to align with Guardian's mission and to
partner with them to deliver on all their accelerated underwriting
needs. We offer a one-stop shop that addresses all accelerated
underwriting needs," said Jamie
Yoder, Sapiens North America President & General
Manager. "We are pleased to provide Guardian the functionality to
integrate and augment all of their data into a complete insurance
hub, gaining operational insight to finetune critical
decision-making across the entire life insurance value chain."
About Guardian Group
Guardian Group, a $1 billion carrier serving the markets of 21
countries across the English and Dutch Caribbean, including
Trinidad & Tobago,
Barbados, Jamaica, Curacao, Aruba, St.
Maarten and Bonaire, today
signed Sapiens SaaS agreements for accelerated underwriting
solution for their life & health operations. Guardian
Group, whose history dates back nearly 170 years, offers coverage
lines including life, health, property, and casualty in addition to
products and services in areas such as asset management and
bancassurance. Guardian Holdings Limited (GHL) is the parent
company for an integrated financial services group known as
Guardian Group. For more information
visit https://trinidad.myguardiangroup.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
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we have acquired through the implementation of our M&A growth
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may frustrate our ability to realize revenues and/or profits from
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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
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and potential liability that heightened privacy laws and
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which may adversely impact our results of operations and our
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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.
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the risks discussed under the heading "Risk Factors" in our most
recent Annual Report on Form 20-F, in order to review conditions
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