Wesleyan Assurance Society Expands its Sapiens L&P Platform
A multi-million USD contract encompasses the administration of Wesleyan Closed Books
HOLON, Israel, April 8, 2014 /PRNewswire/ — 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 Wesleyan Assurance Society (Wesleyan), a Birmingham-based mutual offering specialist financial advice and solutions to niche professional customer groups, has selected the Sapiens Closed Books platform to administer its Closed Books portfolios. This contract follows Wesleyan’s decision to administer a range of new financial products with the Sapiens ALIS platform.
“We are proud to have extended our strategic partnership with Wesleyan and their recognition of our Life and Pensions solutions and value of our dedicated teams,” said Roni Al-Dor, President and CEO of Sapiens International. “This implementation further expands our growth across Europe, and demonstrates the continued demand for our L&P solutions and professional services.”
Raj Ghuman, Vice President of Sales and Operations, Sapiens Europe, added, “The commitment Wesleyan has shown to the Sapiens solution is a strong vote of confidence in both our product and professional services teams. We look forward to seeing all Wesleyan’s in-force policy base, running across several legacy platforms, being migrated on to the Sapiens Closed Books platform – thus enabling the decommissioning of those legacy systems.”
Expected benefits will be a smoother end to end customer service experience, simpler internal processes and improved costs through using and maintaining one IT platform.
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 130 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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SOURCE Sapiens International Corporation