HOLON, Israel, October 23, 2017 /PRNewswire/ --
Sapiens is one of five vendors
positioned in the "Leaders" quadrant from an initial pool of more
than 50 vendors across Europe,
based on their ability to execute and completeness of vision
Sapiens International Corporation, (NASDAQ: SPNS) and (TASE:
SPNS), a leading global provider of software solutions for the
insurance industry, with a growing presence in the financial
services sector, announced today that Sapiens was positioned as a
leader in Gartner's Magic Quadrant for Life Insurance Policy
Administration Systems, Europe.*
(Logo:
http://mma.prnewswire.com/media/585787/Sapiens_Logo.jpg
)
Sapiens was one of five vendors acknowledged in the "Leaders"
quadrant from an initial pool of more than 50 vendors across
Europe. This Magic Quadrant
evaluates European life insurance policy administration systems
that support end-to-end policy administration transactions,
including: new product development and ongoing product maintenance,
quotations/illustrations and application management, assessment and
underwriting of risks, policy issuance, collections and
disbursements, technical subledger accounting, ongoing contract
administration and endorsements, and benefits and claims
management.
"This competitive landscape has seen vendors accelerate the
expansion of their offerings beyond basic skilled advisor portals
and simple analytics to offer enhanced multichannel digital
experiences, including a broader array of BI dashboards and
reports," wrote Laurie Shotton,
research director at Gartner.* "Insurance CIOs should therefore
rethink their system replacement plans and build business cases
that are not solely focused on legacy modernization and digital
foundations, but consider these purchases as digital accelerators,
as well."
"We believe this recognition from a leading and trusted research
firm reflects the significant effort we have invested in Sapiens
ALIS, which is one of our flagship solutions in Europe and the U.S.," said Roni Al-Dor, president and CEO, Sapiens. "Our
latest version of Sapiens ALIS is integrated with customer and
agent portals, a comprehensive business intelligence solution and
illustration capabilities."
"It also includes a new group module and enables fast
time-to-value for digital transformation, as well as comprehensive,
modular, business-led services," continued Al-Dor. "Insurers can
benefit from a single platform for managing individual, group and
employee benefit business."
Sapiens ALIS is a flagship solution designed to enable
insurance carriers to quickly and efficiently address the
challenges of a highly regulated marketplace. Our end-to-end, core
solution suite supports the complete policy lifecycle across a wide
variety of products in the life, pension, annuity and medical
segments. ALIS life insurance software is complemented by Sapiens'
comprehensive delivery capabilities.
*Gartner, "Magic Quadrant for Life Insurance Policy
Administration Systems, Europe,"
Laurie Shotton, 5 October 2017
Gartner does not endorse any vendor, product or service
depicted in its research publications, and does not advise
technology users to select only those vendors with the highest
ratings or other designation. Gartner research publications consist
of the opinions of Gartner's research organization and should not
be construed as statements of fact. Gartner disclaims all
warranties, expressed or implied, with respect to this research,
including any warranties of merchantability or fitness for a
particular purpose.
About Sapiens
Sapiens International Corporation (NASDAQ and TASE: SPNS) is a
leading global provider of software solutions for the insurance
industry, with a growing presence in the financial services sector.
We offer integrated core software solutions and business services,
and a full digital suite for the property and casualty/general
insurance; life, pension and annuities; and reinsurance markets.
Sapiens also services the workers' compensation and financial and
compliance markets.
Our portfolio includes policy administration, billing and
claims; underwriting, illustration and electronic application;
reinsurance and decision management software. Sapiens' digital
platform features customer and agent portals, and a business
intelligence platform. With a 30-year track record of delivering to
more than 400 organizations, Sapiens' team of over 2,500 operates
through our fully-owned subsidiaries in North America, the United Kingdom, EMEA and Asia Pacific. For more information:
http://www.sapiens.com.
Investor and Media Contact
Yaffa Cohen-Ifrah
Chief Marketing Officer and Head of Corporate Communications
Sapiens International
Mobile: +1-201-250-9414
Phone: +972-3-790-2026
Email: Yaffa.cohen-ifrah@sapiens.com