Hosted on Microsoft Azure, Sapiens’ platform empowers German pet insurer to launch merchandise sooner, simpler and extra cost-efficiently
HOLON, Israel, Feb. 8, 2024 /PRNewswire/ — Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a number one world supplier of software program options for the insurance coverage business, at the moment introduced that German pet insurance coverage model Cleos has gone stay with Sapiens SCIPSuite to speed up Cleos’ underwriting, digital gross sales and go-to-market processes.
Hosted on Microsoft Azure, Sapiens SCIPSuite was carried out in underneath three months, empowering the greenfield insurer Cleos with the digital instruments to launch their first merchandise inside days. SCIPSuite gives Cleos with an end-to-end insurance coverage platform with totally built-in coverage administration and self-service buyer portal, which is able to allow the insurer to configure, handle, and combine merchandise and scale their digital gross sales throughout any channel, together with embedded methods.
“Sapiens delivered exactly what Cleos must kickstart our development, plus they met our timeframe of implementation inside three months,” stated Ingolf Putzbach, CEO of Cleos, which is a subsidiary of Uelzener Allgemeine Versicherungs-Gesellschaft a.G. and You Are We Beteiligungsgesellschaft GmbH.
“Sapiens enabled us to realize a aggressive edge in a distinct segment market by implementing a contemporary low-code insurance coverage platform, so we will develop and promote new merchandise shortly by means of digital channels,” Putzbach continued. “Sapiens empowers us to handle our particular prospects’ wants by way of our on-line portal and partnerships throughout the pet care on-line group.”
“We are delighted that Sapiens’ complete resolution and business experience delivered speedy business worth to Cleos from Day 1, to convey their greenfield to life shortly,” stated Bjorn Eickmann, Senior Director, Sapiens Germany. “Cleos can reply way more shortly to touchpoints within the buyer journey and save time to market, giving them a aggressive achieve over their rivals. It is nice to see Cleos is now turning into some of the promising new insurance coverage manufacturers in its area.”
SCIPSuite is an all-in-one resolution together with totally built-in coverage administration capabilities and self-service portals. The platform incorporates a no-code editor to launch new merchandise and gross sales channels with none programming, in addition to a versatile API layer that makes it doable to simply join present methods or a accomplice ecosystem.
About Cleos
Cleo & You GmbH was based in 2023 as a subsidiary of Uelzener Allgemeine Versicherungs-Gesellschaft a. G. and You Are We Beteiligungsgesellschaft GmbH in Hamburg, Germany. As an unbiased model throughout the Uelzener Versicherungen firms, Cleos pursues a digital-first strategy and an internet platform for pet insurance coverage. For extra data go to https://cleos.de/
About Sapiens
Sapiens International Corporation (NASDAQ and TASE: SPNS) empowers the monetary sector, with a deal with insurance coverage, to remodel and develop into digital, progressive, and agile. With greater than 40 years of business experience, Sapiens’ cloud-based SaaS insurance coverage platform gives pre-integrated, low-code capabilities throughout core, information, and digital domains to speed up our prospects’ digital transformation. Serving over 600 prospects in additional than 30 international locations, Sapiens gives insurers throughout property and casualty, employees’ compensation, and life insurance coverage markets essentially the most complete set of options, from core to complementary, together with Reinsurance, Financial & Compliance, Data & Analytics, Digital, and Decision Management. For extra data go to https://sapiens.com or observe us on LinkedIn
Media Contact
Investor and Media Contact
Yaffa Cohen-Ifrah
Chief Marketing Officer and Head of Investor Relations
Sapiens International
Email: [email protected]
Regionaler Pressekontakt
Christian Vorwerck
Head of Marketing DACH
Sapiens Germany GmbH
Schäferkampsallee 16
20357 Hamburg
Email: [email protected]
Forward-Looking Statements
Certain issues mentioned on this press launch which can be included herein by reference are forward-looking statements throughout the that means of Section 27A of the Securities Act, Section 21E of the Exchange Act and the protected harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, which can be primarily based on our beliefs, assumptions and expectations, in addition to data at present available to us. Such forward-looking statements could also be recognized by means of the phrases “anticipate,” “consider,” “estimate,” “anticipate,” “could,” “will,” “plan” and comparable expressions. Such statements replicate 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’ve got acquired by means of the implementation of our M&A development 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 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 prospects or competing successfully for larger 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 mission prices and revenue margins, which generally change mid-stream; the challenges and potential legal responsibility that heightened privateness legal guidelines and rules pose to our business; occasional disputes with shoppers, which can adversely affect our outcomes of operations and our repute; varied mental property points associated to our business; potential unanticipated product vulnerabilities or cybersecurity breaches of our or our prospects’ methods; dangers associated to the insurance coverage business by which our shoppers function; dangers related to our world gross sales and operations, equivalent to modifications in regulatory necessities, wide-spread viruses and epidemics just like the recent novel coronavirus pandemic, which adversely affected our outcomes of operations, or fluctuations in forex change charges; and dangers associated to our principal location in Israel and our standing as a Cayman Islands firm.
While we consider such forward-looking statements are primarily based on affordable 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 underneath the heading “Risk Factors” in our most recent Annual Report on Form 20-F, to assessment situations that we consider may trigger precise outcomes to vary materially from these contemplated by the forward-looking statements. You mustn’t rely on forward-looking statements as predictions of future occasions. Although we consider that the expectations mirrored within the forward-looking statements are affordable, we can’t guarantee that future outcomes, ranges of exercise, efficiency and occasions and circumstances mirrored within the forward-looking statements shall be achieved or will happen. Except as required by legislation, we undertake no obligation to update publicly any forward-looking statements for any purpose, to adapt these statements to precise outcomes or to modifications in our expectations.
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SOURCE Sapiens International Corporation
