sapiens international corp (SPNS) Snapshot

Sapiens International Corp. NV announced that a leading financial institution in the U.S. has selected Sapiens DECISION, a business decision management system, as a key component to support their operations. With Sapiens DECISION, this leading financial institution plans to optimize the results in the execution of key operations and to be utilized as a central repository of business and regulatory rules, enabling the required flexibility to meet the ongoing business needs and comply with the industry regulations and standards. Sapiens DECISION is a proven solution with measurable results. It gives the ability to respond to the market faster; manage change and achieve financial benefits quicker; and introduce new products sooner and confidently - cost effectively. Already deployed by several leading global financial institutions, DECISION is a modern Business Decision Management Solution to ensure compliance with business policy and financial regulations. DECISION moves businesses away from the instability of having rules spread throughout various systems, and consolidates them into an organized, single repository, eliminating the need for costly complex projects that are currently necessary to implement change. With DECISION the user gets: substantial cost reduction, complete clarity and compliance, and agile manageability and reusability.

Sapiens International Corporation announced that Wesleyan Assurance Society (Wesleyan) has selected the Sapiens ALIS software suite to administer a range of financial products. Use of Sapiens ALIS will enable Wesleyan to more efficiently introduce new products to the market and leverage the functional and technology richness embedded in the Sapiens ALIS platform. Following an extensive evaluation of available policy administration solutions, Wesleyan determined that ALIS together with the Sapiens project delivery proposition best met its business needs.

Sapiens International Corp. NV announced the introduction and general availability of Sapiens DECISION for Insurance. DECISION for Insurance is a business decision management solution (BDMS) designed to enable L&P and P&C carriers to build, maintain and leverage a centralized repository of reusable business rules and logic to provide a single source for enhanced business decision making, easier compliance, better governance, and improved efficiencies. Sapiens can be found at ACORD LOMA at booth 551. By treating business logic as a corporate asset, separating the logic from the process, and consolidating all of the rules into a central, audit trail supported repository, DECISION for Insurance gives the carrier full control of decision execution throughout the enterprise, and consistency across multiple systems. Managing the significant volume of business rules within the insurance enterprise has been an increasing challenge for insurers. Sapiens DECISION for Insurance creates a paradigm shift in the way insurers can manage disparate business rule content therefore creating improved time to market responsiveness.