Hosted on Microsoft Azure, Sapiens' platform empowers German
pet insurer to launch products faster, easier and more
cost-efficiently
HOLON, Israel, Feb. 8, 2024 /PRNewswire/ -- Sapiens
International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading
global provider of software solutions for the insurance industry,
today announced that German pet insurance brand Cleos has gone live
with Sapiens SCIPSuite to accelerate Cleos' underwriting, digital
sales and go-to-market processes.
Hosted on Microsoft Azure, Sapiens SCIPSuite was implemented in
under three months, empowering the greenfield insurer Cleos with
the digital tools to launch their first products within days.
SCIPSuite provides Cleos with an end-to-end insurance platform with
fully integrated policy administration and self-service customer
portal, which will enable the insurer to configure, manage, and
integrate products and scale their digital sales across any
channel, including embedded strategies.
"Sapiens delivered precisely what Cleos needs to kickstart our
growth, plus they met our timeframe of implementation within three
months," said Ingolf Putzbach, CEO
of Cleos, which is a subsidiary of Uelzener Allgemeine
Versicherungs-Gesellschaft a.G. and You Are We
Beteiligungsgesellschaft GmbH.
"Sapiens enabled us to gain a competitive edge in a niche market
by implementing a modern low-code insurance platform, so we can
develop and sell new products quickly through digital channels,"
Putzbach continued. "Sapiens empowers us to address our specific
customers' needs via our online portal and partnerships within the
pet care online community."
"We are delighted that Sapiens' comprehensive solution and
industry expertise delivered immediate business value to Cleos from
Day 1, to bring their greenfield to life quickly," said
Bjorn Eickmann, Senior Director,
Sapiens Germany. "Cleos can respond much more quickly to
touchpoints in the customer journey and save time to market, giving
them a competitive gain over their competitors. It is great to see
Cleos is now becoming one of the most promising new insurance
brands in its space."
SCIPSuite is an all-in-one solution including fully integrated
policy administration functions and self-service portals. The
platform features a no-code editor to launch new products and sales
channels without any programming, as well as a flexible API layer
that makes it possible to easily connect existing systems or a
partner ecosystem.
About Cleos
Cleo & You GmbH was founded in 2023 as a subsidiary of
Uelzener Allgemeine Versicherungs-Gesellschaft a. G. and You Are We
Beteiligungsgesellschaft GmbH in Hamburg,
Germany. As an independent brand within the Uelzener
Versicherungen companies, Cleos pursues a digital-first approach
and an online platform for pet insurance. For more information
visit https://cleos.de/
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 Investor Relations
Sapiens International
Email: Yaffa.cohen-ifrah@sapiens.com
Regionaler Pressekontakt
Christian Vorwerck
Head of Marketing DACH
Sapiens Germany GmbH
Schäferkampsallee 16
20357 Hamburg
Email: Christian.Vorwerck@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, 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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