{"id":687941,"date":"2022-09-22T08:00:57","date_gmt":"2022-09-22T12:00:57","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/major-financial-institution-selects-sapiens-to-disrupt-how-life-insurance-is-sold-in-the-americas\/"},"modified":"2022-09-22T08:00:57","modified_gmt":"2022-09-22T12:00:57","slug":"major-financial-institution-selects-sapiens-to-disrupt-how-life-insurance-is-sold-in-the-americas","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/major-financial-institution-selects-sapiens-to-disrupt-how-life-insurance-is-sold-in-the-americas\/","title":{"rendered":"Major Financial Institution Selects Sapiens to Disrupt How Life Insurance is Sold in the Americas"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n
\n Sapiens’ CoreSuite for Life & Annuities combined with its DigitalSuite solution will innovate selling of life insurance through a new and exciting sales channel <\/i>
\n <\/b>\n <\/p>\n

\n
\n RALEIGH, N.C.<\/span>
\n <\/span>, Sept. 22, 2022<\/span><\/span> \/PRNewswire\/ —\u00a0Sapiens International Corporation<\/a>,<\/u>\u00a0(NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that\u00a0a major financial\u00a0services\u00a0entity\u00a0has\u00a0selected\u00a0Sapiens\u00a0to deliver its\u00a0life insurance service in the Americas. Sapiens’ award-winning CoreSuite for Life & Annuities and DigitalSuite SaaS solution will provide them with next-generation customer sales and service experience. The companies solidified the partnership at the Insurtech Conference (ITC) on September\u00a020.<\/p>\n

\n \"Sapiens\n <\/div>\n

\n
\n Sapiens\u00a0CoreSuite\u00a0for Life &\u00a0Annuities<\/a>
\n <\/u>\u00a0is an end-to-end, cloud-native solution complete with enhanced digital capabilities to support whole life, universal life, wealth accumulation products and annuities. This will power this financial services entity with an advanced, simplified 360\u00b0degree view of customers within the policy administration system, across all distribution channels and communication streams. Sapiens DigitalSuite offers a dynamic, digital engagement and enablement platform for insurers to provide a unified, omni-channel experience.<\/p>\n

“We are very excited to partner with this financial services entity on their next-generation life insurance operations,” said Jamie Yoder<\/span>, Sapiens North America President & General Manager. “Sapiens Core administration solution and the pre-integrated digital enablement platform will enable them to offer life insurance services that are customer-centered, in an innovative way, based on our cloud-native solutions.”<\/p>\n

Sapiens is attending the ITC Conference<\/a><\/u>\u00a0(Booth #2239) between September 20-22<\/span>, at the Mandalay Bay in Las Vegas<\/span>, and available to\u00a0meet and\u00a0discuss\u00a0offerings\u00a0and solutions.\u00a0<\/p>\n

\n About Sapiens<\/b>\n <\/p>\n

Sapiens International Corporation (NASDAQ and 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.\u00a0 For more information visit https:\/\/sapiens.com<\/a>\u00a0or follow us on LinkedIn<\/a>.<\/p>\n

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\n
\n
\n Media Contact<\/span>
\n <\/b>
\n <\/span>\n <\/p>\n

\n Shay Assaraf<\/span>\n <\/p>\n

\n Chief of Marketing, Sapiens<\/span>\n <\/p>\n

\n
\n shay.assaraf@sapiens.com<\/a>
\n <\/span>\n <\/p>\n

\n \u00a0<\/span>\n <\/p>\n

\n
\n
\n Investors’ Contact <\/span>
\n <\/b>
\n <\/span>\n <\/p>\n

\n Dina Vince<\/span>\n <\/p>\n

\n Head of Investor Relations, Sapiens<\/span>\n <\/p>\n

\n
\n dina.vince@sapiens.com<\/a>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\u00a0<\/p>\n

\n Forward Looking Statements<\/b>\n <\/p>\n

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\u037e the degree of our success in integrating the companies that we have acquired through the implementation of our M&A growth strategy\u037e the lengthy development cycles for our solutions, which may frustrate our ability to realize revenues and\/or profits from our potential new solutions\u037e our lengthy and complex sales cycles, which do not always result in the realization of revenues\u037e the degree of our success in retaining our existing customers or competing effectively for greater market share\u037e difficulties in successfully planning and managing changes in the size of our operations\u037e 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\u037e the challenges and potential liability that heightened privacy laws and regulations pose to our business\u037e occasional disputes with clients, which may adversely impact our results of operations and our reputation\u037e various intellectual property issues related to our business\u037e potential unanticipated product vulnerabilities or cybersecurity breaches of our or our customers’ systems\u037e risks related to the insurance industry in which our clients operate\u037e 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\u037e and risks related to our principal location in Israel<\/span> and our status as a Cayman Islands<\/span> company.<\/p>\n

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.\u00a0<\/p>\n

Logo: http:\/\/mma.prnewswire.com\/media\/585787\/Sapiens_Logo.jpg<\/a><\/p>\n

\u00a0<\/p>\n

\n \"Cision\" View original content:https:\/\/www.prnewswire.com\/news-releases\/major-financial-institution-selects-sapiens-to-disrupt-how-life-insurance-is-sold-in-the-americas-301630957.html<\/a><\/p>\n

SOURCE Sapiens International Corporation<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire Sapiens’ CoreSuite for Life & Annuities combined with its DigitalSuite solution will innovate selling of life insurance through a new and exciting sales channel RALEIGH, N.C. , Sept. 22, 2022 \/PRNewswire\/ —\u00a0Sapiens International Corporation,\u00a0(NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that\u00a0a major financial\u00a0services\u00a0entity\u00a0has\u00a0selected\u00a0Sapiens\u00a0to deliver its\u00a0life insurance service in the Americas. Sapiens’ award-winning CoreSuite for Life & Annuities and DigitalSuite SaaS solution will provide them with next-generation customer sales and service experience. The companies solidified the partnership at the Insurtech Conference (ITC) on September\u00a020. Sapiens\u00a0CoreSuite\u00a0for Life &\u00a0Annuities \u00a0is an end-to-end, cloud-native solution complete with enhanced digital capabilities to support whole life, universal life, wealth accumulation products and annuities. This … <\/p>\n

Continue reading “Major Financial Institution Selects Sapiens to Disrupt How Life Insurance is Sold in the Americas”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-687941","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nMajor Financial Institution Selects Sapiens to Disrupt How Life Insurance is Sold in the Americas - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/major-financial-institution-selects-sapiens-to-disrupt-how-life-insurance-is-sold-in-the-americas\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Major Financial Institution Selects Sapiens to Disrupt How Life Insurance is Sold in the Americas - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire Sapiens’ CoreSuite for Life & Annuities combined with its DigitalSuite solution will innovate selling of life insurance through a new and exciting sales channel RALEIGH, N.C. , Sept. 22, 2022 \/PRNewswire\/ —\u00a0Sapiens International Corporation,\u00a0(NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that\u00a0a major financial\u00a0services\u00a0entity\u00a0has\u00a0selected\u00a0Sapiens\u00a0to deliver its\u00a0life insurance service in the Americas. 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Sapiens’ award-winning CoreSuite for Life & Annuities and DigitalSuite SaaS solution will provide them with next-generation customer sales and service experience. The companies solidified the partnership at the Insurtech Conference (ITC) on September\u00a020. Sapiens\u00a0CoreSuite\u00a0for Life &\u00a0Annuities \u00a0is an end-to-end, cloud-native solution complete with enhanced digital capabilities to support whole life, universal life, wealth accumulation products and annuities. 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