European Automotive Leader Goes Live with Sapiens IDITSuite for Auto Insurance

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Dec 12, 2023, 06:30 ET

Sapiens provides leading car manufacturer with complete policy portfolio management, accelerating their mission to launch a new IT landscape of services

HOLON, Israel, Dec. 12, 2023 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced that a leading European automotive brand has gone live with Sapiens IDITSuite and Sapiens Cloud and Application Management Services for the company's self-guarantee and warranty insurance lines of business.

Sapiens' solution replaces the company's existing systems for policy portfolio management and claims management. Phase one of implementation for automotive warranty took just over a year, with the second phase of product warranty implementation planned for 2024.

"Our client stands out for providing its warranty customers high-performance motor insurance that delivers peace of mind. Sapiens' award-winning solution delivered on the cloud helps provide them with a modern, digital core that streamlines processes and customer experiences and enables them to achieve excellence," said Roni Al-Dor, Sapiens President and CEO. "Sapiens' digitally-led, end-to-end policy administration system helped our client achieve their ambitious goal of implementation in just over a year."

Sapiens IDITSuite is an AI-powered, end-to-end insurance software product that supports customer acquisition, billing, finance, claims, and renewals. The solution features a low-code product and pricing configuration engine that accelerates speed to market by 75%. IDITSuite enables its clients to meet regulatory requirements and make data-driven decisions for their international warranty programme.

About Sapiens

Sapiens International Corporation (NASDAQ: SPNS) (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

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Yaffa Cohen-Ifrah
Chief Marketing Officer and Head of Investor Relations
Sapiens International
Email: [email protected]

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SOURCE Sapiens International Corporation