Sapiens digital, low-code insurance coverage suite for P&C will help Builders’ present wants and gasoline future geographical growth plans
RALEIGH, N.C., March 7, 2022 /PRNewswire/ — Sapiens Worldwide Company (NASDAQ: SPNS) (TASE: SPNS), a number one international supplier of software program options for the insurance coverage trade, introduced at this time that Builders Insurance coverage Holdings S.A, a number one international supplier of P&C insurance coverage and reinsurance providers primarily based in Luxembourg, is remodeling its legacy system with Sapiens’ end-to-end core answer.
Sapiens IDITSuite and Sapiens Intelligence will allow the transformation of Builders’ quite a few legacy programs in its common direct insurance coverage enterprise. Sapiens’ trendy core answer will present Builders with essentially the most up to date functionalities to speed up its digital operations and empower its plans for multi-national enterprise growth.
“Sapiens not solely affords a number one core answer to fulfill our wants, however they’ve the trade information and experience to assist us develop our enterprise and accompany us in our journey,” mentioned Fabrice Volkaerts, Group COO of Builders. “With its international footprint and trade experience, Sapiens is a useful associate in all our endeavors.”
Builders Direct S.A, their insurance coverage firm, operates in Germany, Belgium, Luxembourg, Norway and the UK. The specialty insurer now requires a brand new answer to make sure higher dealing with of its big selection of providers.
“Sapiens is delighted to function a trusted associate in Builders’ progress plans and to speed up their quick and long run wants as a specialty line buyer. We’re totally aligned with Builders’ imaginative and prescient to onboard to the newest expertise,” mentioned Roni Al-Dor, Sapiens president and CEO. “Sapiens is happy to allow Builders to combine all of their knowledge into a whole insurance coverage hub, gaining operational perception to finetune crucial processes throughout the whole life insurance coverage worth chain.”
Sapiens IDITSuite is a component-based, core software program answer comprised of coverage, billing and claims options. IDITSuite helps end-to-end core operations and processes for the short-term/non-life insurance coverage from inception to renewal and claims. Sapiens Intelligence is an out-of-the-box answer with a full trade commonplace knowledge administration mannequin.
About Builders Insurance coverage Holdings S.A
Builders Insurance coverage Holdings S.A is wholly owned by HOCHTIEF Insurance coverage Broking and Threat Administration Options GmbH, a subsidiary of the German group HOCHTIEF Aktiengesellschaft (FRA: HOT).
Builders Direct S.A affords market-leading danger safety particularly concentrating on these organisations with a real dedication to managing danger. Its A.M. Greatest Ranking of A-“Glorious” is testomony to Builders Direct’s disciplined underwriting, monetary energy and stable safety.
Established in 2000, Builders Re, with an AM Greatest ranking of A-, is without doubt one of the largest and most profitable non-life reinsurance corporations primarily based in Luxembourg. With a status for agility, innovation and fast response, Builders Re supplies bespoke options for a various vary of danger exposures.
About Sapiens
Sapiens Worldwide Company (NASDAQ: SPNS) (TASE: SPNS) empowers the monetary sector, with a deal with insurance coverage, to remodel and turn into digital, progressive, and agile. Backed by greater than 35 years of trade experience, Sapiens affords a whole insurance coverage platform, with pre-integrated, low-code options and a cloud-first method that accelerates prospects’ digital transformation. Serving over 600 prospects in 30 nations, Sapiens affords insurers throughout property and casualty, staff compensation and life markets essentially the most complete set of options, from core to complementary, together with Reinsurance, Monetary & Compliance, Knowledge & Analytics, Digital, and Determination Administration. For extra info go to www.sapiens.com or observe us on LinkedIn.
Ahead Trying Statements
Sure issues mentioned on this press launch which are integrated herein by reference are forward-looking statements inside the which means of Part 27A of the Securities Act, Part 21E of the Alternate Act and the protected harbor provisions of the U.S. Non-public Securities Litigation Reform Act of 1995, which are primarily based on our beliefs, assumptions and expectations, in addition to info at the moment obtainable to us. Such forward-looking statements could also be recognized by means of the phrases “anticipate,” “imagine,” “estimate,” “anticipate,” “could,” “will,” “plan” and related expressions. Such statements mirror our present views with respect to future occasions and are topic to pandemic dangers and uncertainties. There are essential elements that might trigger our precise outcomes, ranges of exercise, efficiency or achievements to vary materially from the outcomes, ranges of exercise, efficiency or achievements expressed or implied by the forward-looking statements, together with, however not restricted to: the diploma of our success in our plans to leverage our international footprint to develop our gross sales; the diploma of our success in integrating the businesses that we now have acquired by way of the implementation of our M&A progress technique; the prolonged improvement cycles for our options, which can frustrate our potential to understand revenues and/or earnings from our potential new options; our prolonged and complicated gross sales cycles, which don’t at all times end result within the realization of revenues; the diploma of our success in retaining our present prospects or competing successfully for better market share; difficulties in efficiently planning and managing adjustments within the dimension of our operations; the frequency of the long-term, massive, advanced initiatives that we carry out that contain advanced estimates of mission prices and revenue margins, which typically change mid-stream; the challenges and potential legal responsibility that heightened privateness legal guidelines and laws pose to our enterprise; occasional disputes with purchasers, which can adversely affect our outcomes of operations and our status; numerous mental property points associated to our enterprise; potential unanticipated product vulnerabilities or cybersecurity breaches of our or our prospects’ programs; dangers associated to the insurance coverage trade by which our purchasers function; dangers related to our international gross sales and operations, akin to adjustments in regulatory necessities, wide-spread viruses and epidemics just like the latest novel coronavirus pandemic, which adversely affected our outcomes of operations, or fluctuations in foreign money trade charges; and dangers associated to our principal location in Israel and our standing as a Cayman Islands firm.
Whereas we imagine such forward-looking statements are primarily based on cheap assumptions, ought to a number of of the underlying assumptions show incorrect, or these dangers or uncertainties materialize, our precise outcomes could differ materially from these expressed or implied by the forward-looking statements. Please learn the dangers mentioned beneath the heading “Threat Components” in our most up-to-date Annual Report on Kind 20-F, with the intention to overview circumstances that we imagine may trigger precise outcomes to vary materially from these contemplated by the forward-looking statements. You shouldn’t rely on forward-looking statements as predictions of future occasions. Though we imagine that the expectations mirrored within the forward-looking statements are cheap, we can’t assure that future outcomes, ranges of exercise, efficiency and occasions and circumstances mirrored within the forward-looking statements will probably be achieved or will happen. Besides as required by legislation, we undertake no obligation to replace publicly any forward-looking statements for any cause, to adapt these statements to precise outcomes or to adjustments in our expectations.
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Media contact:
Shay Assaraf
Chief of Advertising and marketing, Sapiens
shay.assaraf@sapiens.com
Buyers contact:
Kimberly Rogers
Managing Director, Hayden IR
+1-541-904-5075
kim@haydenir.com