Sapiens' end-to-end solution empowers EquiTrust's
strategic initiative to increase sales with a more intuitive,
engaging experience
RALEIGH, N.C., June 21, 2022 /PRNewswire/ -- Sapiens
International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a
leading global provider of software solutions for the insurance
industry, announced today that EquiTrust Life, a leading North
American life and health insurance company, has selected Sapiens'
award-winning suite of e-application, illustration and digital
solutions to provide their agents next generation customer
acquisition and service capabilities.
Sapiens IllustrationPro, Sapiens ApplicationPro and Sapiens
DigitalSuite support EquiTrust Life's key product offerings by
providing comprehensive, new business illustrations with enhanced
solutions for complex scenarios with split second calculations, and
an interactive experience to reduce re-keying, resulting in fewer
errors, faster time to decision and better engagement. Sapiens'
simple, intuitive, device-agnostic user engagement with flexible
branding and integrations enhances EquiTrust Life's partner
experience. Leveraging Sapiens' toolkit, the solution provides
self-sufficiency and reduces total cost of ownership.
"We were looking for one vendor to drive our digital
transformation and accelerate innovation within our agent sales
process. Innovation is a key pillar within EquiTrust Life, and we
felt that Sapiens' digital tools would enable innovation much
faster than any other competitor, while providing us industry
insights and best practices," said Carol
Woodruff, Vice President, Information Systems with EquiTrust
Life. "We administer financial products for retirees, and Sapiens'
solution delivers a superior agent experience to market complex
financial products that help protect our growing senior
population."
"We are very excited to partner with EquiTrust Life on their
digital transformation journey," said Jamie
Yoder, Sapiens North America President & General
Manager. "Sapiens not only provides a wide array of best-of-breed
solutions, but we also truly understand our customers' operational
goals and are committed to delivering best-in-class solutions,
seamlessly to drive growth and deliver value.
Sapiens IllustrationPro for Life & Annuities is a
cloud-first, 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.
Sapiens DigitalSuite offers a dynamic, digital engagement and
enablement platform for insurers to provide a unified, omni-channel
experience. The flexible, component-based platform can be leveraged
together with Sapiens' core solutions or on top of other
(non-Sapiens) solutions.
About EquiTrust Life
EquiTrust Life Insurance Company
is a trusted provider of life insurance and annuity products with a
strong track record of operating performance. EquiTrust is a
national carrier of competitive, client-friendly options, available
through various distribution channels including more than 15,700
independent sales representatives and independent marketing
organizations. EquiTrust offers fixed-rate and indexed annuities
and life insurance and is headquartered in Chicago with operations in West Des Moines. In
June 2015, Magic Johnson Enterprises
became the majority shareholder, making EquiTrust Life Insurance
one of the largest minority-owned life insurance company in the
history of the country at $25.7
billion in assets. For more information visit
https://www.EquiTrust.com
About Sapiens
Sapiens International Corporation
(NASDAQ: SPNS) (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
https://sapiens.com or follow us on LinkedIn.
Media Contact
Shay Assaraf
Chief of Marketing, Sapiens
Shay.assaraf@sapiens.com
Investor's Contact
Dina Vince
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