Sapiens' solution supports GPF's broad digital
strategy to enhance life and pensions coverage and accelerate the
roll-out of innovative new products
HOLON, Israel, Jan. 9, 2024
/PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS)
(TASE: SPNS), a leading global provider of software solutions for
the insurance industry, and the leading Norwegian insurance company
Gjensidige Pensjonsforsikring (GPF) today announced that GPF
has gone live with Sapiens CoreSuite for Life &
Pensions and Sapiens Cloud Services for their individual
savings. GPF is the first Nordic customer to go-live with
CoreSuite, which will expand the insurer's digital capabilities and
boost its leading market position.
Designed to enable greater automation and operational
efficiency, Sapiens CoreSuite for Life & Pensions provides GPF
with an optimised, Norwegian-tailored platform with real-time
access to centrally managed data. As a single, unified system on
the cloud, CoreSuite provides a cost-efficient, cloud-based IT
infrastructure to streamline workflows, accelerate digital
transformation and improve customer engagement.
The CoreSuite solution is maintained and updated continuously by
Sapiens in accordance with the latest technological and regulatory
requirements.
"Sapiens has now completed the initial phase of our core
transformation project to CoreSuite and provided valuable support
throughout the journey," said Torstein
Ingebretsen, CEO of GPF. A strong core and strategy are
essential to GPF's growth in Norway's rapidly changing pensions
market."
"We are proud to have achieved this important milestone in the
Nordics with a regional leader like GPF," added Roni Al-Dor, Sapiens President and CEO. "We will
continue to support GPF's journey to drive innovation and set the
standard for best-in-class customer service with our
transformative, future-oriented, cloud-based IT
infrastructure."
Sapiens CoreSuite for Life & Pensions is a software solution
for end-to-end core operations and processes. An award-winning
policy administration system, it supports individual and group
products across life, health, wealth & retirement. Sapiens
Cloud Services supports business growth with a holistic offering of
value-added cloud services that provides all operations and
application management services under one roof.
About Gjensidige Pensjonsforsikring (GPF)
Gjensidige Pensjonsforsikring (GPF) is a wholly owned subsidiary
of Gjensidige Forsikring. GPF mainly offers defined
contribution, investment products, pension plans and risk products
for groups and individuals in the Norwegian market. For more
information visit GPF
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. With more than
40 years of industry expertise, Sapiens' cloud-based SaaS insurance
platform offers pre-integrated, low-code capabilities across core,
data, and digital domains to accelerate our customers' digital
transformation. Serving over 600 customers in more than 30
countries, Sapiens offers insurers across property and casualty,
workers' compensation, and life insurance 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 :
Investor and Media Contact
Yaffa Cohen-Ifrah
Chief Marketing Officer and Head of Corporate
Communications
Sapiens International
Email: Yaffa.cohen-ifrah@sapiens.com
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SOURCE Sapiens International Corporation