HOLON, Israel – Sapiens' next generation software suite to manage Wesleyan's end-to-end policy administration, enabling the financial mutual to achieve its ambitious business goals.
Sapiens International Corporation [ http://www.sapiens.com , (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 the successful go-live of the new Sapiens ALIS 6.5 version at Wesleyan, [ http://www.wesleyan.co.uk a specialist financial services provider for doctors, dentists, lawyers and teachers.
Sapiens ALIS 6.5 - Sapiens' core policy administration suite for the life insurance, annuities, savings, pension and medical markets - will enable Wesleyan to introduce new products to the market more rapidly and efficiently. Wesleyan will leverage the functional and technology richness embedded in the Sapiens ALIS platform to achieve its ambitious business goals.
Sapiens ALIS 6.5 went into production for Wesleyan's income protection business. During the next stage of the project, which is already underway, Sapiens ALIS 6.5 will be implemented for additional lines of business, such as bonds, individual savings accounts (ISA) and individual pensions.
"Wesleyan is embarking on an ambitious growth project and the introduction of Sapiens ALIS 6.5 is a fundamental step in ensuring we have the right foundations in place on which to base our growth plans," said Liz McKenzie, Wesleyan's Group Corporate Services director. "This is another important milestone in our long-term relationship with Sapiens."
"Sapiens has once again demonstrated that we understand the needs of the global life and pension market," said Roni Al-Dor, president and CEO of Sapiens. "This successful development and implementation will enable Sapiens ALIS to continue to stand out in the global market."
"This is a very significant achievement that was facilitated by the collective team work and spirit across Wesleyan and Sapiens," said Raj Ghuman, vice president of Sales and Operations, Sapiens Europe. "Sapiens looks forward to continuing to develop and expand our strategic partnership with Wesleyan."
Wesleyan Assurance Society provides financial services to doctors, dentists, lawyers and teachers on mortgages, savings, investments, pensions, insurance, inheritance tax planning, loans and protection. The company is authorised by Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA). For further information: http://www.wesleyan.co.uk.
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. Sapiens offers core, end-to-end solutions to the global general insurance, property and casualty, life, pension and annuities, reinsurance and retirement markets, as well as business decision management software. The company has a track record of over 30 years in delivering superior software solutions to more than 130 financial services organizations. The Sapiens team of approximately 1,000 professionals operates through our fully-owned subsidiaries in North America, the United Kingdom, EMEA and Asia Pacific. For more information: http://www.sapiens.com.
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Sapiens International Corporation