Version 7.0 provides robust system
configurability and report selection for users
ROCHELLE PARK, N.J.,
Dec. 4, 2023 /PRNewswire/ --
Sapiens International Corporation, (NASDAQ: SPNS) (TASE:
SPNS), a leading global provider of software solutions for the
insurance industry, announced the launch of its latest version of
Sapiens IllustrationPro and Sapiens ApplicationPro. This new
release brings a multitude of enhancements and additions, all
designed to empower insurers with innovation, improved member
servicing, and reinforced security measures.
Sapiens IllustrationPro is a dynamic point-of-sale solution for
Life & Annuities that quickly and accurately generates quotes
and compliant illustrations through an intuitive and modern
engagement. This responsive solution seamlessly operates across
various devices and expedites the sales process. In parallel,
Sapiens ApplicationPro streamlines processes for seasoned and
novice agents through a wizard-based, self-directed navigation that
simplifies data input. Its content is dynamic and reflexive,
presenting forms and questions as needed, with only valid options
available for selection. Together, these two modules ensure a
smooth exchange of data, thereby reducing the chances of errors and
improving the overall customer and agent experience.
This new release not only delivers significant value to
insurers, but also stands out in today's competitive market thanks
to a range of functional and technical enhancements, including
enhanced digital experience, improved usability, and reinforced
security measures. Notably, the illustration report editor offers
customers greater control over design and illustration output,
while the rules editor helps manage the configuration of products
and reflexive question design. In addition, the release allows for
the segmentation of application sections between agents and
applicants, catering to various digital engagement models. New
digital features include rapid illustration duplication for easy
comparison, a tool for copying addresses between parties, an eApp
attachment page with an integrated camera for document image
uploads, and streamlined email delivery of illustrations.
For greater security, Sapiens has integrated Multi-Factor
Authentication (MFA) into the IllustrationPro/ApplicationPro login
process, including text messages, email, and the use of an
authentication app. New APIs have also been incorporated to
facilitate status updates and other critical data callouts,
ensuring a comprehensive and overall robust solution.
"The IllustrationPro/ApplicationPro Version 7 enhancements bring
a host of exciting features to the table," said David Pidgeon, Sapiens Head of Life &
Annuities, North America. "With a
focus on enhanced digital servicing and increased security, this
latest release accelerates the pace of innovation and value
delivery to our customers."
About Sapiens
Sapiens International Corporation (NASDAQ and TASE: SPNS)
empowers the financial sector, with a focus on insurance, to
transform and become digital, innovative, and agile. With more than
40 years of industry expertise, Sapiens' cloud-based SaaS insurance
platform offers pre-integrated,
low-code capabilities across core, data, and digital
domains to accelerate our customers' digital transformation.
Serving over 600 customers in more than 30 countries, Sapiens
offers insurers across property and casualty, workers'
compensation, and life insurance markets the most
comprehensive set of solutions, from core to complementary,
including Reinsurance, Financial & Compliance, Data &
Analytics, Digital, and Decision Management.
For more information visit https://sapiens.com or follow
us on LinkedIn.
Media and Investor's Contact
Yaffa Cohen-Ifrah
Chief Marketing Officer &
Head of Investor Relations, Sapiens
yaffa.cohen-ifrah@sapiens.com
Forward-Looking Statements
Certain matters discussed in this press release that are
incorporated herein by reference are forward-looking statements
within the meaning of Section 27A of the Securities Act, Section
21E of the Exchange Act and the safe harbor provisions of the U.S.
Private Securities Litigation Reform Act of 1995, that are based on
our beliefs, assumptions and expectations, as well as information
currently available to us. Such forward-looking statements may be
identified by the use of the words "anticipate," "believe,"
"estimate," "expect," "may," "will," "plan" and similar
expressions. Such statements reflect our current views with respect
to future events and are subject to pandemic risks and
uncertainties. There are important factors that could cause our
actual results, levels of activity, performance or achievements to
differ materially from the results, levels of activity, performance
or achievements expressed or implied by the forward-looking
statements, including, but not limited to: the degree of our
success in our plans to leverage our global footprint to grow our
sales; the degree of our success in integrating the companies that
we have acquired through the implementation of our M&A growth
strategy; the lengthy development cycles for our solutions, which
may frustrate our ability to realize revenues and/or profits from
our potential new solutions; our lengthy and complex sales cycles,
which do not always result in the realization of revenues; the
degree of our success in retaining our existing customers or
competing effectively for greater market share; difficulties in
successfully planning and managing changes in the size of our
operations; the frequency of the long-term, large, complex projects
that we perform that involve complex estimates of project costs and
profit margins, which sometimes change mid-stream; the challenges
and potential liability that heightened privacy laws and
regulations pose to our business; occasional disputes with clients,
which may adversely impact our results of operations and our
reputation; various intellectual property issues related to our
business; potential unanticipated product vulnerabilities or
cybersecurity breaches of our or our customers' systems; risks
related to the insurance industry in which our clients operate;
risks associated with our global sales and operations, such as
changes in regulatory requirements, wide-spread viruses and
epidemics like the recent novel coronavirus pandemic, which
adversely affected our results of operations, or fluctuations in
currency exchange rates; and risks related to our principal
location in Israel and our status
as a Cayman Islands company.
While we believe such forward-looking statements are based on
reasonable assumptions, should one or more of the underlying
assumptions prove incorrect, or these risks or uncertainties
materialize, our actual results may differ materially from those
expressed or implied by the forward-looking statements. Please read
the risks discussed under the heading "Risk Factors" in our most
recent Annual Report on Form 20-F, to review conditions that we
believe could cause actual results to differ materially from those
contemplated by the forward-looking statements. You should not rely
upon forward-looking statements as predictions of future events.
Although we believe that the expectations reflected in the
forward-looking statements are reasonable, we cannot guarantee that
future results, levels of activity, performance and events and
circumstances reflected in the forward-looking statements will be
achieved or will occur. Except as required by law, we undertake no
obligation to update publicly any forward-looking statements for
any reason, to conform these statements to actual results or to
changes in our expectations.
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