The Sapiens core solution, APIs, designers and portals will
fully move the insurer to the cloud
HOLON, Israel, Oct. 25, 2022 /PRNewswire/ -- Sapiens
International Corporation, (NASDAQ and TASE: SPNS), a
leading global provider of software solutions for the insurance
industry, today announced the deployment of its cloud-first P&C
platform Tia Enterprise as part of a suite of products and services
to digitally transform Norwegian Property & Casualty insurer
Landkreditt Forsikring.
Landkreditt Forsikring's legacy system has been replaced by the
Sapiens solution in order to support business development needs and
live up to security and compliance standards.
"It was critical for us to become more competitive and to
digitalize our offerings using modern digital solutions," said
Ane Wiig Syvertsen, Landkreditt
Forsikring CEO. "In what was a very successful conversion, Sapiens
was the competent and agile partner we needed."
Tia Enterprise is part of a package of Sapiens solutions being
implemented as part of Landkreditt Forsikring's digital
transformation. Among the other products are Tia Sales Product
Designer, Tia Agent (an agent
portal), and Customer Connect (a persona-based dynamic customer
portal). In addition, Sapiens is providing Landkreditt Forsikring
with Cloud & Operations on all three layers (L1, L2, and
L3).
Landkreditt Forsikring aims to modernize and become a more
technologically advanced insurance company, with efficient and
customer-friendly solutions. The Tia products are among the main
components to achieve this.
"Sapiens is gratified by the success and mutual benefit we have
experienced in our partnership with Landkreditt Forsikring," said
Roni Al-Dor, Sapiens president and
CEO. "Tia Enterprise is an outstanding core P&C platform that
will be the linchpin to power Landkreditt Forsikring through their
digital transformation."
Sapiens Tia Enterprise Solutions is a core-transactional system
that drives issuing of new quotes, filing claims, etc. The solution
is a modular platform based on stable Oracle technology.
About Landkreditt Forsikring
Landkreditt Forsikring is a full-scale insurance company with
special expertise in agricultural insurance. The company offers
insurance at good prices for both private individuals, and for the
agricultural and industrial sectors.
Landkreditt Forsikring is part of the Landkreditt financial
group, which is a cooperative owned by Norwegian farmers. The
purpose of the financial group is to contribute to a better economy
for their members and customers by offering good financial
solutions. For more information, please visit
https://www.landkreditt.no/forsikring/.
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 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
dina.vince@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.
Logo -
http://mma.prnewswire.com/media/585787/Sapiens_Logo.jpg
View original
content:https://www.prnewswire.co.uk/news-releases/landkreditt-forsikring-a-major-norwegian-pc-insurer-selects-sapiens-for-complete-core-transformation-301658451.html