Sapiens Insurance Platform Chosen by Major Insurer for Czech Operations Digital Overhaul

Sapiens International Partners with Leading Life Insurer in Czech Republic

Sapiens International Corporation, recognized for its innovative software solutions in the insurance sector, has reached a significant milestone by securing a partnership with one of the largest global life insurers. This collaboration focuses on utilizing the Sapiens Insurance Platform to modernize the insurer’s operations in the Czech Republic and facilitate a comprehensive digital transformation.

Streamlining Operations for Enhanced Efficiency

The Czech-based life insurer faced challenges with its legacy platform, which hindered its ability to effectively integrate new technologies and to scale its business operations. In response, Sapiens provided a tailored solution featuring a fully integrated suite known as the Sapiens Insurance Platform. This platform includes several key components: Sapiens CoreSuite for Life & Pensions, DigitalSuite, DataSuite, and comprehensive Cloud Services, all designed to enhance the insurer's core processes.

The transition to Sapiens' cloud-driven solutions promises to significantly improve operational efficiency. By simplifying policy and claims management procedures, the insurer aims to improve overall digital engagement for customers and distributors alike. The platform is expected to facilitate quicker product launches, improve claims management processes, and deliver advanced data analytics to aid strategic decision-making.

A Trusted Partnership

Sapiens was selected for this pivotal project primarily due to its solid reputation in the industry, backed by recognition from analysts and a proven track record with an Australian affiliate of the insurer. Roni Al-Dor, the President and CEO of Sapiens, expressed pride in the partnership, emphasizing the importance of this alignment in supporting the insurer’s digital transformation journey. He noted, “By leveraging Sapiens' SaaS solutions, the client will be well-positioned to expand its capabilities and enhance customer experiences.”

Introducing Comprehensive Solutions

The CoreSuite for Life & Pensions provided by Sapiens stands out as a cloud-native solution that covers individual and group life products, pension products, investments, and voluntary benefits. Its design emphasizes not only operational functionality but also a creative approach to serve the diverse needs of today's insurance markets.

In conjunction with the CoreSuite, the Sapiens DigitalSuite allows insurers to accelerate product launches and minimize operational costs related to digital services. This suite is tailored to help companies adapt to a fast-evolving digital landscape.

Furthermore, Sapiens’ DataSuite acts as a transformative data management system, empowering insurers to derive actionable insights and maximize the utility of their data—ultimately fostering smarter decision-making. This modular and innovative business intelligence solution is crafted specifically for the insurance realm, enhancing its users' competencies.

Lastly, Sapiens Cloud Services offer a comprehensive framework that supports business growth through scalable operations and incorporates all necessary application management services under one roof.

Reinforcing Global Presence

This partnership further solidifies Sapiens’ position in Central and Eastern Europe, marking a crucial step in expanding its global footprint. The company aims to aid insurance businesses in adapting to rapid changes in the market and leveraging emerging technologies in their operations.

Sapiens’ commitment to innovation in the insurance sector is evident in its continuous development of solutions that empower insurers to enhance their operational excellence. With over 600 customers across more than 30 countries, Sapiens’ influence continues to grow, supported by its dedication to providing cutting-edge, customer-driven services.

In conclusion, the collaboration with this major life insurer underscores a significant advancement in the digital transformation journey for the insurance industry, marking an exciting future where technology and enhanced customer experiences take center stage. For more information, visit Sapiens’ official website.