Sapiens IDITSuite will supply a unmarried evaluate of insurance policies, from issuing proposals, coverage paperwork to bills
HOLON, Israel, Nov. 23, 2022 /PRNewswire/ — Sapiens Global Company, (NASDAQ: SPNS) (TASE: SPNS), a number one international supplier of tool answers for the insurance coverage business, these days introduced the deployment of its cloud-first P&C platform IDITSuite with the Netherlands department of HDI International Distinctiveness SE (HGS), a number one international distinctiveness insurance coverage supplier.
HGS’ legacy device has been changed by way of the Sapiens resolution with a view to supply higher automation and standardization, and globally to be had oversight on insurance policies, chance exposures and information.
“Our earlier device used to be no longer a great are compatible for our distinctiveness trade,” stated Ralph Beutter, HGS CEO. “Sapiens has given us the power to briefly and simply create a bespoke device that serves our wishes precisely as required.”
Following the a hit implementation of IDITSuite in the Netherlands, the following HGS trade devices to be digitally reworked by way of Sapiens will probably be Belgium and Denmark. As well as, HGS has selected to digitally turn out to be its reinsurance device with Sapiens’ virtual reinsurance platform, a undertaking scheduled to start out within the close to long run.
“Sapiens has been extraordinarily proud of the top stage of collaboration and partnership with HGS, resulting in a hit implementation inside of a brief time period,” stated Roni Al-Dor, Sapiens president and CEO. “Sapiens IDITSuite is an award-winning Core P&C platform with wealthy capability and simplicity of use and we’re satisfied to spouse with HGS on their transformation adventure.”
Sapiens IDITSuite is a component-based, core tool resolution created from coverage, billing and claims answers. It helps end-to-end core operations and processes for temporary/non-life insurance coverage from inception to renewal and claims.
About HDI International Distinctiveness (HGS)
HDI International Distinctiveness SE is a distinctiveness strains insurer. It’s owned by way of HDI International SE, a part of the Talanx Staff. HDI International Distinctiveness’s center of attention is on writing company and distinctiveness insurance coverage trade with operations in 9 places and get right of entry to to an international community of greater than 175 nations throughout the HDI International SE community. HDI International Distinctiveness additionally enjoys the similar monetary power as HDI International SE. For more info, discuss with https://www.hdi.international/redirect/hdi-global-specialty-se/.
Sapiens Global Company (NASDAQ and TASE: SPNS) empowers the monetary sector, with a focal point on insurance coverage, to turn out to be and turn into virtual, cutting edge, and agile. Sponsored by way of greater than 40 years of business experience, Sapiens provides an entire insurance coverage platform, with pre-integrated, low-code answers and a cloud-first manner that hurries up consumers’ virtual transformation. Serving over 600 consumers in 30 nations, Sapiens provides insurers throughout belongings and casualty, employees’ repayment and lifestyles markets essentially the most complete set of answers, from core to complementary, together with Reinsurance, Monetary & Compliance, Information & Analytics, Virtual, and Resolution Control. For more info discuss with https://sapiens.com or apply us on LinkedIn.
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Ahead Taking a look Statements
Positive issues mentioned on this press unlock which are integrated herein by way of reference are forward-looking statements inside the which means of Phase 27A of the Securities Act, Phase 21E of the Alternate Act and the secure harbor provisions of the U.S. Personal Securities Litigation Reform Act of 1995, which are in line with our ideals, assumptions and expectancies, in addition to knowledge these days to be had to us. Such forward-looking statements is also known by way of the phrases “wait for,” “consider,” “estimate,” “be expecting,” “would possibly,” “will,” “plan” and identical expressions. Such statements replicate our present perspectives with admire to long run occasions and are matter to pandemic dangers and uncertainties. There are essential components that would motive our exact effects, ranges of process, efficiency or achievements to vary materially from the consequences, ranges of process, efficiency or achievements expressed or implied by way of the forward-looking statements, together with, however no longer restricted to: the stage of our good fortune in our plans to leverage our international footprint to develop our gross sales; the stage of our good fortune in integrating the corporations that we have got bought throughout the implementation of our M&A expansion technique; the long construction cycles for our answers, which would possibly frustrate our talent to comprehend revenues and/or income from our attainable new answers; our long and complicated gross sales cycles, which don’t all the time end result within the realization of revenues; the stage of our good fortune in maintaining our current consumers or competing successfully for higher marketplace proportion; difficulties in effectively making plans and managing adjustments within the measurement of our operations; the frequency of the long-term, huge, complicated initiatives that we carry out that contain complicated estimates of undertaking prices and benefit margins, which infrequently trade mid-stream; the demanding situations and attainable legal responsibility that heightened privateness rules and laws pose to our trade; occasional disputes with shoppers, which would possibly adversely affect our result of operations and our popularity; quite a lot of highbrow belongings problems associated with our trade; attainable unanticipated product vulnerabilities or cybersecurity breaches of our or our consumers’ methods; dangers associated with the insurance coverage business during which our shoppers perform; dangers related to our international gross sales and operations, reminiscent of adjustments in regulatory necessities, wide-spread viruses and epidemics like the new novel coronavirus pandemic, which adversely affected our result of operations, or fluctuations in foreign money trade charges; and dangers associated with our primary location in Israel and our standing as a Cayman Islands corporate.
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SOURCE Sapiens Global Company