Sapiens CoreSuite for Life & Pensions will
improve HGR's position in market and is Sapiens' first Group Risk
implementation in South
Africa
HOLON, Israel, Feb. 13, 2023 /PRNewswire/ -- Sapiens
International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a
leading global provider of software solutions for the insurance
industry, today announced the full launch of its cloud-first Life
core platform CoreSuite for Life & Pensions with South Africa's Hollard Group Risk (HGR), a
division of Hollard Life Insurance Company Limited. The
announcement marks Sapiens' first Group Risk implementation in
South Africa.
HGR's legacy systems are being replaced by Sapiens' solution to
provide efficient processing to drive down operational costs via
significant automation for customers, alliance partners and HGR
staff, and provide them with a seamless user experience.
"Working with Sapiens was incredibly satisfying and beneficial
for our organisation and its people," said Duran Chetty, Chief Operating Officer of HGR.
"We are very pleased to have launched alongside Sapiens a focused
solution that can handle our existing business volumes with ample
room to accommodate expected growth."
Sapiens CoreSuite for Life & Pensions is an end-to-end,
cloud-first, digitally enhanced Policy Administration System, for
individual and group products, across Life, Health, Wealth, and
Pensions. It is a modern, flexible solution enabling
customer-centricity and improved time-to-market.
"We are excited to see the culmination of this complex project,"
said Roni Al-Dor, Sapiens president
and CEO. "Going live with a new core system for a Life &
Pensions insurer is a challenge requiring considerable effort on
both our part and that of HGR. It was a pleasure to do this work
together with the amazing team of professionals at HGR, and we look
forward to working together on subsequent projects."
Sapiens and HGR expect to further expand their partnership in
the near future by launching Sapiens Intelligence, a data and
analytics solution that integrates insurers' data to produce
actionable insights that maximize its value.
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.
About Hollard Group Risk
Hollard Group Risk (HGR) is a division of Hollard Life Insurance
Company Limited. HGR is an independent specialist risk manager that
provides a comprehensive range of flexible risk benefit solutions
to employer and affinity groups, both locally and internationally.
For more information, visit https://hollardgrouprisk.com/.
Media and Investor's
Contact
Yaffa
Cohen-Ifrah
Chief Marketing Officer
&
Head of Investor
Relations, Sapiens
yaffa.cohen-ifrah@sapiens.com
|
Forward-Looking Statements
Certain matters discussed in this press release that are
incorporated herein by reference are forward-looking statements
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we have acquired through the implementation of our M&A growth
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the risks discussed under the heading "Risk Factors" in our most
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