Major financial institution chooses Sapiens to disrupt the way life insurance is sold in the Americas

0

Sapiens’ CoreSuite for Life & Annuities, together with its DigitalSuite solution, will innovate the sale of life insurance through an exciting new sales channel

RALEIGH, North Carolina, September 22, 2022 /PRNewswire/ — International Sapiens Society, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced that a leading financial services entity has selected Sapiens to provide its insurance service. life insurance in the Americas. Sapiens’ award-winning CoreSuite for Life & Annuities and DigitalSuite SaaS solution will provide them with a next-generation sales and customer service experience. The companies cemented their partnership at the Insurtech Conference (ITC) on September 20.

Sapiens CoreSuite for life and annuities is an end-to-end, cloud-native solution with enhanced digital capabilities to support whole life, universal life, wealth accumulation and annuity products. This will provide this financial services entity with an advanced and simplified 360° view of customers within the policy administration system, across all distribution channels and communication flows. Sapiens DigitalSuite offers a dynamic, digital engagement and enablement platform for insurers to deliver a unified omnichannel experience.

“We are very pleased to partner with this financial services entity for its next-generation life insurance operations,” said Jamie Yoder, President and CEO of Sapiens North America. “The Sapiens Core administration solution and pre-integrated digital enablement platform will enable them to deliver customer-centric life insurance services in an innovative way based on our cloud-native solutions.”

Sapiens participates in the ITC Conference (Booth #2239) between September 20-22in Mandalay Bay in Vegasand available to meet and discuss offers and solutions.

About Sapiens

Sapiens International Corporation (NASDAQ and TASE: SPNS) is enabling the financial industry, with a focus on insurance, to transform and become digital, innovative and agile. Leveraging over 40 years of industry expertise, Sapiens offers a comprehensive insurance platform, with pre-integrated low-code solutions and a cloud-first approach that accelerates customers’ digital transformation. Serving more than 600 customers in 30 countries, Sapiens offers insurers in the property and casualty, workers’ compensation and life insurance markets the most comprehensive set of solutions, from core to complementary , including reinsurance, finance and compliance, data and analytics, digital and decision management. . For more information, visit https://sapiens.com or follow us on LinkedIn.

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 US Private Securities Litigation Reform Act of 1995. , which are based on our beliefs, assumptions and expectations, and on information currently available to us. These forward-looking statements can be identified by the use of the words “anticipate”, “believe”, “estimate”, “expect”, “may”, “will”, “plan” and similar expressions. These statements reflect our current views regarding future events and are subject to the risks and uncertainties associated with the pandemic. 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 without limitation: our degree of success in our plans to leverage our global footprint to increase our sales; the degree of our success in integrating companies we have acquired through the implementation of our M&A growth strategy; long development cycles for our solutions, which may frustrate our ability to realize revenues and/or profits from our potential new solutions; our long and complex sales cycles, which do not always translate into the realization of revenue; the degree of our success in retaining existing customers or effectively competing for greater market share; difficulties in successfully planning and managing changes in the size of our operations; the frequency of long-term, material, complex projects we undertake that involve complex estimates of project costs and profit margins, which sometimes change along the way; the challenges and potential liability that enhanced privacy laws and regulations pose to our business; occasional disputes with customers, which may negatively impact our results of operations and our reputation; various intellectual property issues relating 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 customers operate; risks associated with our global sales and operations, such as changes in regulatory requirements, large-scale viruses and disease outbreaks such as the recent novel coronavirus pandemic, which adversely affected our operating results, or rate fluctuations exchange; and the risks associated with our principal location in Israel and our status as Cayman Islands company.

Although we believe that these forward-looking statements are based on reasonable assumptions, should one or more of the underlying assumptions prove incorrect, or should such risks or uncertainties materialize, our actual results could differ materially from those expressed or implied. understood by the forward-looking statements. Please read the risks discussed under “Risk Factors” in our most recent Annual Report on Form 20-F, to discuss the conditions that we believe could cause actual results to differ materially from those contemplated by forward-looking statements. You should not rely on 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 the future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or occur. Except as required by law, we undertake no obligation to publicly update forward-looking statements for any reason, to conform such statements to actual results or to changes in our expectations.

Logo: http://mma.prnewswire.com/media/585787/Sapiens_Logo.jpg

SOURCESapiens International Corporation

Share.

Comments are closed.