Sapiens P&C Customer Wins in Two Categories at Asia Insurance Technology Awards
Achmea Australia, a Sapiens IDIT software suite user, won “Best Newcomer” and “Digital Transformation” awards
Sapiens International Corporation (NASDAQ and TASE: SPNS), a leading global provider of software solutions for the insurance industry, with an emerging focus on the broader financial services sector, announced today that its customer, Achmea Australia, a new and unique insurer for Australia’s farming community, won “Best Newcomer” and “Digital Transformation” awards at the Asia Insurance Technology Awards (AITA).
The awards, which were presented by Celent’s Insurance Practice and the Asia Insurance Review, were publicly announced on November 20 at the third annual Asia Insurance CIO Summit in Singapore.
“Celent is pleased to present the ‘Best Newcomer’ and ‘Digital Transformation’ awards to Achmea Australia,” said Wenli Yuan, senior analyst for Celent’s Asian Financial Services Group. “Among the many excellent nominations this year, it is impressive that one company managed to win two of the nine overall awards based on the strength of its digital capabilities and early success.”
Achmea Australia has implemented Sapiens IDIT, a component-based software solution suite designed for the General Insurance market, as its core insurance application. Sapiens IDIT is a crucial component of Achmea Australia’s digital capabilities.
“Our mobile technology allows Achmea Australia to develop direct, long-lasting relationships with our customers – the Risk Specialist has full access to the core system and can manage the entire relationship,” said Timo van Voorden, chief executive officer at Achmea Australia. “This approach promotes our core values of risk minimisation and genuine partnership with our customers, and is critical to our success.”
Achmea’s “Best Newcomer” award can be partially attributed to the launch of its standalone Winter Crop insurance product in July 2014. The product, which was made possible by Sapiens IDIT’s agility, was planned, configured and successfully launched in just three weeks. It increased Gross Written Premiums (GWP) for 2014 by more than 20 percent.
“Sapiens congratulates our customer, Achmea Australia, on its two awards,” said Gary Sherne, president of Sapiens’ P&C/General Insurance and Reinsurance division. “Sapiens IDIT has enabled Achmea to go to market quickly and innovate. We look forward to continuing to partner with Achmea.”
Asia Insurance Technology Awards (AITA)
The Asia Insurance Technology Awards (AITA) recognize excellence and innovation in the use of technology within the insurance industry in the Asia Pacific Region. The winners were chosen from a highly competitive field that included nominations from across the region.
About Achmea Australia
Achmea Australia is a new and unique insurer for Australia’s farming community. It offers General Insurance, including its all-in-one Farm Pack covering five lines of business – buildings, inventory, business interruption, vehicles and liability – under one packaged policy. Achmea was launched in December 2013 and is the local company of Achmea, one of the largest mutual insurance companies in the world and the market leader in its home country, The Netherlands. Achmea serves 13 million customers worldwide. For more information: http://www.achmea.com.au/
Sapiens International Corporation (NASDAQ and TASE: SPNS) is a leading global provider of software solutions for the insurance industry, with an emerging focus on the broader financial services sector. Sapiens offers core, end-to-end solutions to the global general insurance, property and casualty, life, pension and annuities, reinsurance and retirement markets, as well as business decision management software. The company has a track record of over 30 years in delivering superior software solutions to more than 130 financial services organizations. The Sapiens team of approximately 1,000 professionals operates through our fully-owned subsidiaries in North America, the United Kingdom, EMEA and Asia Pacific. For more information: www.sapiens.com.
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Contact: Yaffa Cohen-Ifrah
Vice President Corporate Marketing and Communications