Sapiens modern, intuitive solution for electronic application
and illustrations empowers Guardian with an exceptional agent
experience
RALEIGH, N.C.,
April 11, 2022
/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' customer acquisition solution for their life and health
operations.
![Sapiens Logo Sapiens Logo](http://mma.prnewswire.com/media/585787/Sapiens_Logo.jpg)
Sapiens IllustrationPro and Sapiens ApplicationPro will be
deployed in Guardian's Share Services organization, providing a
cohesive user experience across Guardian's three carriers,
including Guardian Life of the Caribbean Ltd. (Trinidad), Fatum (Curacao) and Guardian Life Ltd. (Jamaica). The platform features flexible
branding and omni-channel integrations to cater to the agent
experience to provide a next generation quoting and illustration
system to improve how Guardian can present their offering in a
clear and concise manner to improve their closure rate. Also, the
integration of IllustrationPro and ApplicationPro to Guardian's
UnderwritingPro will provide a straight-through processing and auto
decision environment to decrease their time to issue.
"Strategic partnerships based on trust are critically important
to Guardian, and Sapiens has proven to be able to deliver an
invaluable solution to address our customer acquisition and agent
needs," said Alan Sadler, Guardian
Group COO. "Sapiens' solution empowers us with simple, intuitive
and modern user engagement with flexible branding and integrations,
to improve our agents' experience and increase their sales."
"Sapiens' innovative solution for digital acquisition will bring
us significant benefits, including swift time to market and
self-sufficiency to provide a next generation customer acquisition
experience to our agents. The SaaS and cloud-native deployment will
enhance our previously deployed accelerated underwriting from
Sapiens to keep our digital momentum," said Naresh Mongroo, Guardian Group Chief Data
Officer.
"Sapiens is delighted to align with Guardian's mission and to
offer our extensive customer acquisition expertise and technology,"
said Jamie Yoder, Sapiens North
America President & General Manager. "By providing the
functionality to integrate and augment all of their data and
illustrations into a complete insurance hub, Sapiens empowers
Guardian with keen customer insights and critical decision-making
capabilities across the entire life insurance value chain."
Sapiens IllustrationPro for Life & Annuities is a
cloud-based point-of-sale illustration and quoting solution,
offering a fully-responsive, modern, intuitive user experience for
the life and annuities and health markets.
Sapiens ApplicationPro is a robust electronic application
software that helps carriers address critical business drivers,
such as decreasing time–to–issue and reducing policy acquisition
costs, all in an extremely intuitive and easy–to–use package.
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.
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 40 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
Investor's
Contact
Kimberly
Rogers
Managing Director,
Hayden IR
+1
541-904-5075
kim@HaydenIR.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