Utilizing Sapiens IllustrationPro and ApplicationPro,
EquiTrust launches its new innovative product and process for
Customer Acquisition in under 6 months
RALEIGH,
N.C., March 20, 2023 /PRNewswire/ -- Sapiens
International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a
leading global provider of software solutions for the insurance
industry, announced with EquiTrust, a leading North American life
and health insurance company, the launch of their
state-of-the-art Customer Acquisition solution. It empowers
EquiTrust's marketing partners to illustrate, sell and complete
digital application entry for a newly available Annuity/Long Term
Care hybrid insurance product, Bridge, leveraging Sapiens' award-winning IllustrationPro and
ApplicationPro to provide a next-generation digital experience.
"Enabling EquiTrust to launch their new product through the
Sapiens Customer Acquisition solution in under 6 months is a
testament to the strength of the solution and depth of knowledge
from our team," said Jamie Yoder,
Sapiens North America President & General Manager. "Sapiens' best-of-breed solutions drive
innovation, are easy to navigate and are device agnostic, which
further contributes to the overall user experience, engagement and
flexibility that we continue to enable for our customers."
The new Customer Acquisition solution provides split-second
calculations for multiple complex scenarios in an intuitive, and
engaging experience for EquiTrust's marketing partners. The
solution seamlessly integrates into EquiTrust's websites and
portals, providing an interactive experience between illustration
and eApp (electronic application), ultimately a game-changing
engagement and a reduction in NIGO (not in good order)
applications. The solution also utilizes Sapiens' self-sufficiency
'Home Office Toolkit' taking IT and Sapiens off the critical path
for product changes, reducing the total cost of ownership.
"We are very excited to partner with Sapiens in our
digital transformation journey. EquiTrust will leverage Sapiens
Customer Acquisition tools and capabilities to offer a personalized
experience for our marketing partners. This will illustrate our new
Bridge product in a clear and compelling way, helping our customers
apply for it, providing a fully responsive and strong visual
capability with a modern and intuitive user experience," said
Heather Kane, Vice President, Sales
at EquiTrust.
About Sapiens IllustrationPro Sapiens
IllustrationPro is a modern, digital illustration and
quoting solution enabling rapid, responsive and intuitive
experiences for life, annuities and health insurers and their sales
professionals.
About Sapiens ApplicationPro Sapiens
ApplicationPro is a digital, eApp solution for Life and
Annuity insurers that enhances customer experience, reduces NIGO
rates, and enables quick time to decision.
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 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
Media
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
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