MS Amlin Insurance coverage Selects Sapiens for Transformation of its Industrial Traces Operations throughout A number of Nations

MS Amlin Insurance coverage will substitute legacy core methods in French, Belgian and Dutch markets with Sapiens Core P&C Platform and Reinsurance module, underpinned by its Information & Analytics resolution; all delivered within the Sapiens Cloud

HOLON, Israel, Feb. 2, 2023 /PRNewswire/ — Sapiens Worldwide Company, (NASDAQ: SPNS) (TASE: SPNS), a number one world supplier of software program options for the insurance coverage trade, at present introduced that main European insurer MS Amlin Insurance coverage S.E. has chosen Sapiens to ship an overhaul of plenty of their software program methods throughout a number of European nations.

Most of the insurer’s legacy core methods in its French, Belgian, and Dutch markets shall be changed by Sapiens IDITSuite, resulting in vital beneficial properties in simplicity and consistency throughout markets. Price financial savings shall be achieved each by retiring a lot of outdated legacy functions, and by decreasing reliance on advanced onsite IT methods.

“We knew that our necessities wouldn’t be straightforward to fulfil,” mentioned Norbert Herkströter, COO of MS Amlin Insurance coverage. “We discovered Sapiens exceptionally proficient at assembly the excessive benchmarks we set. I’ve little question that this shall be a mutually rewarding partnership, and I’m excited to see our firm proceed to flourish with the assist of Sapiens know-how.”

Sapiens IDITSuite is a digitally led, award-winning, end-to-end, cloud-based modular insurance coverage platform; supporting private and industrial strains of enterprise from acquisition to billing, declare and renewal. The MS Amlin Insurance coverage implementation shall be utilizing the PolicyMaster, BillingMaster, and ClaimsMaster parts, complimented by the market-leading Sapiens ReinsuranceMaster module protecting each ceded and assumed enterprise. That is underpinned by the Sapiens Intelligence knowledge and analytics module that swimming pools the insurer’s knowledge to supply actionable insights that improves underwriting danger choice and reduces claims expense ratios.

“Reaching simplicity and operational excellence could be a vital problem and assembly such challenges is considered one of Sapiens’ chief strengths,” mentioned Roni Al-Dor, Sapiens President and CEO. “Deploying a single occasion of our cloud-based P&C platform throughout three nations to assist MS Amlin Insurance coverage’s worthwhile progress plans, while offering operational efficiencies and enhanced buyer and dealer experiences is a tremendously advanced operation. For Sapiens, it’s our mission to beat such obstacles.”

The challenge will begin with MS Amlin Insurance coverage’s operation in France earlier than rolling out to their Belgium and Netherlands markets.

About Sapiens

Sapiens Worldwide Company (NASDAQ: SPNS) (TASE: SPNS) empowers the monetary sector, with a deal with insurance coverage, to rework and turn into digital, revolutionary, and agile. Backed by greater than 40 years of trade experience, Sapiens gives an entire insurance coverage platform, with pre-integrated, low-code options and a cloud-first strategy that accelerates clients’ digital transformation. Serving over 600 clients in 30 nations, Sapiens gives insurers throughout property and casualty, staff’ compensation, and life markets probably the most complete set of options, from core to complementary, together with Reinsurance, Monetary & Compliance, Information & Analytics, Digital, and Determination Administration. For extra data go to or comply with us on LinkedIn.

About MS Amlin Insurance coverage

MS Amlin Insurance coverage S.E. is a specialist P&C and Marine insurer with native groups working throughout markets inside Europe and the UK. With a need to supply an unparalleled service expertise, MS Amlin Insurance coverage works carefully with brokers and companies to ship bespoke and digitally traded options to satisfy consumer’s insurance coverage wants.

A part of the MS&AD Group, a worldwide prime 10 non-life insurer; MS Amlin Insurance coverage is domiciled in Belgium and is rated A (Steady) by Commonplace & Poor’s and A (wonderful) AM BEST.

Media and Investor’s Contact

Yaffa Cohen-Ifrah
Chief Advertising Officer &
Head of Investor Relations, Sapiens
[email protected]

Ahead-Trying Statements

Sure issues mentioned on this press launch which are integrated herein by reference are forward-looking statements throughout the which means of Part 27A of the Securities Act, Part 21E of the Alternate Act and the secure harbor provisions of the U.S. Non-public Securities Litigation Reform Act of 1995, which are based mostly on our beliefs, assumptions and expectations, in addition to data at present accessible to us. Such forward-looking statements could also be recognized by way of the phrases “anticipate,” “consider,” “estimate,” “count on,” “might,” “will,” “plan” and comparable expressions. Such statements mirror our present views with respect to future occasions and are topic to pandemic dangers and uncertainties. There are vital 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 world footprint to develop our gross sales; the diploma of our success in integrating the businesses that we now have acquired by the implementation of our M&A progress technique; the prolonged improvement cycles for our options, which can frustrate our capacity to understand revenues and/or income from our potential new options; our prolonged and sophisticated gross sales cycles, which don’t all the time end result within the realization of revenues; the diploma of our success in retaining our present clients or competing successfully for larger market share; difficulties in efficiently planning and managing modifications within the measurement of our operations; the frequency of the long-term, giant, advanced tasks that we carry out that contain advanced estimates of challenge prices and revenue margins, which typically change mid-stream; the challenges and potential legal responsibility that heightened privateness legal guidelines and rules pose to our enterprise; occasional disputes with purchasers, which can adversely impression our outcomes of operations and our status; varied mental property points associated to our enterprise; potential unanticipated product vulnerabilities or cybersecurity breaches of our or our clients’ methods; dangers associated to the insurance coverage trade by which our purchasers function; dangers related to our world gross sales and operations, comparable 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 alternate 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 might differ materially from these expressed or implied by the forward-looking statements. Please learn the dangers mentioned underneath the heading “Threat Elements” in our most up-to-date Annual Report on Type 20-F, with a view to assessment situations that we consider might 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 consider that the expectations mirrored within the forward-looking statements are cheap, we can not assure that future outcomes, ranges of exercise, efficiency and occasions and circumstances mirrored within the forward-looking statements shall 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 evolve these statements to precise outcomes or to modifications in our expectations.


SOURCE Sapiens Worldwide Company

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