Sapiens IDITSuite and DigitalSuite unify
BHSF's customer journeys with digital-first, highly automated
processes on the Microsoft Azure cloud
HOLON, Israel, Feb. 21, 2024 /PRNewswire/ -- Sapiens
International Corporation, (NASDAQ and TASE: SPNS), a leading
global provider of software solutions for the insurance industry,
today announced that BHSF, a UK "profit for good" health and
wellbeing provider, has chosen to deploy Sapiens Platform including
Sapiens IDITSuite for Property & Casualty and
Sapiens DigitalSuite.
Sapiens' end-to-end solution includes core policy, billing, and
claims, as well as digital customer/employee and employer
applications, configured for BHSF's personal accident and
health and wellbeing cash plan products, all delivered in the
Sapiens Cloud. The digital engagement will accelerate BHSF's
customer satisfaction and retention and contribute to KPI
improvements market wide.
BHSF is transforming from its legacy mainframe application to
gain greater agility and speed to market for changes using Sapiens'
no-code/low-code configuration tools. The solution provides
out-of-the box functionality, combined with speed of change for
configuration of new products, rating, document templates, and
digital customer journeys. Being deployed in the Sapiens Cloud,
hosted by Microsoft Azure, changes can be pushed live multiple
times per day. This increases BHSF's agility and speed of change,
whilst the cloud hosting provides additional layers of protection
of the confidential medical and health data of its members,
ensuring data remains safe, encrypted, and secure at all times.
BHSF will benefit from Sapiens' ecosystem, which provides access
to over 60 insurtech partners, with their point solutions being
consumed as part of the overall Sapiens' offerings. Initially,
BHSF will use Loqate for real-time postcode lookup and address
verification but will expand further into Sapiens' partner
ecosystem over time.
"BHSF is on a direct path to profitable growth, and Sapiens'
leading solutions and strategy are key to our digital growth," said
Heidi Stewart, BHSF CEO. "By
delivering hyper-personalised digital customer experiences, Sapiens
will provide operational efficiencies through automation and
straight-through processing. Sapiens also provides rich insurance
domain experience and implementation methodology."
"It's gratifying to empower BHSF's journey to automation and
enable them to provide an insurance service that delivers customer
experiences that are in line with their corporate strategy," said
Roni Al-Dor, Sapiens President and
CEO. "Boosting efficiency, revenue and growth for our customers is
our mission and responsibility."
Sapiens IDITSuite is an AI-powered, end-to-end insurance
software solution that supports customer acquisition, billing,
finance, claims, and renewals. The solution features a low-code
product and pricing configuration engine that accelerates speed to
market. Sapiens DigitalSuite offers a comprehensive, cloud-native,
future-proof digital engagement platform.
About BHSF
BHSF is a Birmingham, UK based
not-for-profit insurer and well-being provider with a proud history
dating back to 1873. Today, BHSF makes a positive impact on
workplace wellbeing – helping to keep employees physically,
mentally and financially healthy. BHSF services range
from occupational health to employee benefits, employee support to
health insurances. For more information visit BHSF.
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
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.
Logo:
http://mma.prnewswire.com/media/585787/Sapiens_Logo.jpg
View original
content:https://www.prnewswire.co.uk/news-releases/uk-insurer-bhsf-selects-sapiens-saas-platform-for-digital-transformation-and-enhanced-customer-experiences-302067447.html