Sapiens International Corporation N.V. (Nasdaq:SPNS), today announced the launch of its North American insurance solutions practice.
The practice will focus on fulfilling the business process demands of the property and casualty, and life insurance markets by providing modular, web-enabled business solutions.
Sapiens is building on its 15 years of experience providing technology solutions to the global insurance market with over 50 customers worldwide.
Sapiens launched a financial services practice in the UK in 2001 and is already working with seven out of the top ten insurers in the market.
The company is building the "Sapiens Insight" family of solutions that will address, among other areas, the policy and claims administration needs as well as dynamic channel integration.
"Many insurance companies are discovering that their current information technology constrains their ability to compete and to respond to rapidly changing market conditions," said Itzick Sharir, Sapiens president and CEO. "We are dedicated to using our proven solutions and full delivery capabilities to help these organizations evolve their business processes."
Judy Johnson, who recently joined Sapiens Americas as Vice President of Insurance Strategy, will lead the Sapiens Americas Insurance Solutions Practice. Prior to joining Sapiens Americas, Johnson served as Vice President of Insurance Information Strategies at META Group and has held senior consulting and information systems management positions at MetLife, AIG, Swiss Re- and American Re-Insurance Company.
"My vision for the practice is to offer solutions that help insurers quickly evolve their organizations to meet this challenge", said Johnson.
Published by Globes [online] - www.globes.co.il - on 26 September 2002