Sapiens signs L&P Agreement with Preneed Life Insurance Provider in North America
Holon, Israel – Feb. 11, 2014 – 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 a leading provider of preneed insurance has chosen Sapiens ALIS Policy Administration System.
The company has licensed Sapiens ALIS to support its businesses in North America. Sapiens will support the implementation of ALIS and migration of policies onto the Sapiens ALIS platform. This is a multi-phased project and is expected to follow with ongoing maintenance and support.
“We are pleased to have another major insurer join the growing family of Sapiens ALIS users and to help us further enhance our offering to serve the Preneed markets,” said Roni Al-Dor, Sapiens President and CEO. “After completing the evaluation and planning phase of the project we are now working in collaboration with our new client in the implementation phase. This insurer represents our second major Preneed client in North America and we are looking forward to a long-term, productive partnership.”
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. We offer core, end-to-end solutions for the general insurance, property & casualty, life, pension and annuities markets, and business decision management software, globally. We have a track record of over 30 years in delivering superior software solutions to more than 100 financial services organizations. Our team of more than 900 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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