“Sapiens not solely provides a number one core answer to satisfy our wants, however they’ve the business data 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 business experience, Sapiens is a useful companion 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 companion in Builders’ progress plans and to speed up their quick and long run wants as a specialty line buyer. We’re absolutely 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 information into an entire insurance coverage hub, gaining operational perception to finetune important processes throughout your complete 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 business normal information administration mannequin.
About Builders Insurance coverage Holdings S.A
Builders Insurance coverage Holdings S.A is wholly owned by HOCHTIEF Insurance coverage Broking and Danger Administration Options GmbH, a subsidiary of the German group HOCHTIEF Aktiengesellschaft (FRA: HOT).
Builders Direct S.A provides market-leading threat safety particularly focusing on these organisations with a real dedication to managing threat. Its A.M. Finest Ranking of A-“Wonderful” is testomony to Builders Direct’s disciplined underwriting, monetary power and stable safety.
Established in 2000, Builders Re, with an AM Finest ranking of A-, is among the largest and most profitable non-life reinsurance corporations based mostly in Luxembourg. With a status for agility, innovation and fast response, Builders Re offers bespoke options for a various vary of threat exposures.
About Sapiens
Sapiens Worldwide Company (NASDAQ: SPNS) (TASE: SPNS) empowers the monetary sector, with a give attention to insurance coverage, to remodel and turn out to be digital, revolutionary, and agile. Backed by greater than 35 years of business experience, Sapiens provides an entire insurance coverage platform, with pre-integrated, low-code options and a cloud-first method that accelerates clients’ digital transformation. Serving over 600 clients in 30 international locations, Sapiens provides insurers throughout property and casualty, employees compensation and life markets essentially the most complete set of options, from core to complementary, together with Reinsurance, Monetary & Compliance, Knowledge & Analytics, Digital, and Choice Administration. For extra info go to www.sapiens.com or observe us on LinkedIn.
Ahead Wanting Statements
Sure issues mentioned on this press launch which might be integrated herein by reference are forward-looking statements inside the which means of Part 27A of the Securities Act, Part 21E of the Change Act and the secure harbor provisions of the U.S. Non-public Securities Litigation Reform Act of 1995, which might be based mostly on our beliefs, assumptions and expectations, in addition to info at present out there to us. Such forward-looking statements could also be recognized by means of the phrases “anticipate,” “consider,” “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 necessary components 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 have now acquired by the implementation of our M&A progress technique; the prolonged growth cycles for our options, which can frustrate our potential to appreciate revenues and/or earnings from our potential new options; our prolonged and sophisticated gross sales cycles, which don’t at all times outcome within the realization of revenues; the diploma of our success in retaining our present clients or competing successfully for better market share; difficulties in efficiently planning and managing modifications within the dimension of our operations; the frequency of the long-term, giant, complicated initiatives that we carry out that contain complicated estimates of challenge prices and revenue margins, which generally change mid-stream; the challenges and potential legal responsibility that heightened privateness legal guidelines and laws pose to our enterprise; occasional disputes with shoppers, which can adversely impression 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 clients’ techniques; dangers associated to the insurance coverage business during which our shoppers function; dangers related to our international gross sales and operations, akin to modifications 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 consider such forward-looking statements are based mostly 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 below the heading “Danger Elements” in our most up-to-date Annual Report on Type 20-F, so as to evaluate situations that we consider might trigger precise outcomes to vary materially from these contemplated by the forward-looking statements. You shouldn’t depend on forward-looking statements as predictions of future occasions. Though we consider 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 likely be achieved or will happen. Besides as required by regulation, we undertake no obligation to replace publicly any forward-looking statements for any purpose, to evolve these statements to precise outcomes or to modifications in our expectations.
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Media contact:
Shay Assaraf
Chief of Advertising and marketing, Sapiens
[email protected]
Buyers contact:
Kimberly Rogers
Managing Director, Hayden IR
+1-541-904-5075
[email protected]
SOURCE Sapiens Worldwide Company; Builders Insurance coverage Holdings S.A