Sapiens' RapidSure Featured in Strategy Meeting Action (SMA) Perspective Report: "The Pressing Need for Speed"
Poster: SySAdmin
Posted on August 1, 2011 at 11:14:01 AM
Sapiens' RapidSure Featured in Strategy Meeting Action (SMA) Perspective Report: "The Pressing Need for Speed"
RapidSure Recognized as a Policy Administration System That Belongs on the Shortlist of Solutions for Insurers Needing Rapid Time to Market and a Highly Flexible and Responsive Systems Environment
CARY, North Carolina, August 1, 2011/PRNewswire-FirstCall/ --
Sapiens International Corporation N.V. [http://www.sapiens.com ] (NASDAQ
and TASE: SPNS), a global provider of innovative insurance software
solutions announced today that its RapidSure
[http://www.sapiens.com/property-casualty.htm ] policy administration
solution has been featured by Strategy Meets Action
[https://strategymeetsaction.com/favicon.ico ] (SMA), an industry analyst and
strategic advisory firm. In the report titled The Pressing Need for Speed,
SMA Partner and author of the report, Karen Furtado, shares her perspective
on market pressures pushing insurers to find ways to bring products to
market faster and create a more agile, responsive environment.
(Logo:
http://www.newscom.com/cgi-bin/prnh/20100811/hs49090logo )
The SMA report reviews how the need for speed is causing close
evaluation of policy administration systems that sit at the heart of every
insurance company's operations. Noting that legacy policy administration
systems have become more inflexible over time and less able to adapt to
support today's requirements and the need for speed, many insurers are
finding it necessary to make the important decision to replace their
existing system(s). In the report, Furtado comments that there are more than
a few solutions available today, but the trick is to find a solution that is
truly modern and flexible enough to provide the speed and agility needed to
compete effectively now and in the future.
The report features Sapiens' RapidSure, recognizing it as a solution
that has proven that a modern policy administration system can deliver the
functionality that aligns directly with insurer goals - rapid time to market
with a highly flexible and responsive system. The report also cites that
RapidSure provides a policy administration base that can handle the needs of
insurers that require high responsiveness to quickly changing market
conditions and expectations.
Commenting on Sapiens' RapidSure, SMA's Karen Furtado said, "RapidSure
belongs on the shortlist of solutions to be considered for those insurers
that are looking for a modern policy administration system to help them move
ahead with the times and to enable them to position their organizations to
fully capitalize on burgeoning opportunities."
"We sincerely appreciate RapidSure being highlighted by SMA and cited as
an example of a modern policy administration system that can enable insurers
to achieve their desired speed-to-market goals and meet the challenges of
the constantly changing insurance industry," said Sapiens' Dan Sobotincic,
EVP P&C for North America. "It is gratifying to receive validation from SMA
that we have delivered on the design goals we set for the RapidSure solution
- speed and flexibility, combined with breadth and depth of functionality to
meet business needs and exceed any carrier's value proposition."
Subsequent to SMA publishing their perspective report, Sapiens announced
on July 21st its merger with solution providers IDIT I.D.I Technologies
[http://www.idit-technologies.com ] Ltd. and FIS Software
[http://www.fis-software.com ] Ltd. The combined organization looks to be
recognized as a major solutions provider to the global insurance market,
with RapidSure continuing as one of the key offerings in the company's
product portfolio in North America.
Referring to the recent merger announcement, SMA Founder Deb Smallwood,
said, "Mergers can present an assortment of challenges, but with strong
leadership support, focused plans and alignment, these challenges quickly
turn into infinite possibilities. It appears that this merger will
capitalize on the synergies between the companies, and the new assets from
this merger will align well to the RapidSure product offering."
To obtain a copy of the SMA Perspective featuring RapidSure, please
click here
[http://www.sapiens.com/announcements/sma-prespective-the-pressing-need-for-speed ]
.
About Sapiens International
Sapiens International Corporation N.V. is a leading global provider of
business solutions for the insurance industry, helping modernize business
processes and enabling insurance organizations to adapt quickly to change.
Sapiens' innovative solutions are widely recognized for their ability to
cost-effectively align IT with the business demands for speed, flexibility
and efficiency. Sapiens operates through its subsidiaries in North America,
the United Kingdom, EMEA and Asia Pacific. For more information, please
visit http://www.sapiens.com.
Except for historical information contained herein, the matters set
forth in this release are forward-looking statements that are dependent on
certain risks and uncertainties, including such factors, among others, as
market acceptance, market demand, pricing, changing regulatory environment,
changing economic conditions, risks in new product and service development,
the effect of the Company's accounting policies, specific system
configurations and software needs of individual customers and other risk
factors detailed in the Company's SEC filings.
Media Contact:
Osnat Segev-Harel, CMO
Sapiens International
+972-8-9382721
osnat.se@sapiens.com
Photo:
http://www.newscom.com/cgi-bin/prnh/20100811/hs49090logo
Source: Sapiens International Corporation N.V
.
RapidSure Recognized as a Policy Administration System That Belongs on the Shortlist of Solutions for Insurers Needing Rapid Time to Market and a Highly Flexible and Responsive Systems Environment
CARY, North Carolina, August 1, 2011/PRNewswire-FirstCall/ --
Sapiens International Corporation N.V. [http://www.sapiens.com ] (NASDAQ
and TASE: SPNS), a global provider of innovative insurance software
solutions announced today that its RapidSure
[http://www.sapiens.com/property-casualty.htm ] policy administration
solution has been featured by Strategy Meets Action
[https://strategymeetsaction.com/favicon.ico ] (SMA), an industry analyst and
strategic advisory firm. In the report titled The Pressing Need for Speed,
SMA Partner and author of the report, Karen Furtado, shares her perspective
on market pressures pushing insurers to find ways to bring products to
market faster and create a more agile, responsive environment.
(Logo:
http://www.newscom.com/cgi-bin/prnh/20100811/hs49090logo )
The SMA report reviews how the need for speed is causing close
evaluation of policy administration systems that sit at the heart of every
insurance company's operations. Noting that legacy policy administration
systems have become more inflexible over time and less able to adapt to
support today's requirements and the need for speed, many insurers are
finding it necessary to make the important decision to replace their
existing system(s). In the report, Furtado comments that there are more than
a few solutions available today, but the trick is to find a solution that is
truly modern and flexible enough to provide the speed and agility needed to
compete effectively now and in the future.
The report features Sapiens' RapidSure, recognizing it as a solution
that has proven that a modern policy administration system can deliver the
functionality that aligns directly with insurer goals - rapid time to market
with a highly flexible and responsive system. The report also cites that
RapidSure provides a policy administration base that can handle the needs of
insurers that require high responsiveness to quickly changing market
conditions and expectations.
Commenting on Sapiens' RapidSure, SMA's Karen Furtado said, "RapidSure
belongs on the shortlist of solutions to be considered for those insurers
that are looking for a modern policy administration system to help them move
ahead with the times and to enable them to position their organizations to
fully capitalize on burgeoning opportunities."
"We sincerely appreciate RapidSure being highlighted by SMA and cited as
an example of a modern policy administration system that can enable insurers
to achieve their desired speed-to-market goals and meet the challenges of
the constantly changing insurance industry," said Sapiens' Dan Sobotincic,
EVP P&C for North America. "It is gratifying to receive validation from SMA
that we have delivered on the design goals we set for the RapidSure solution
- speed and flexibility, combined with breadth and depth of functionality to
meet business needs and exceed any carrier's value proposition."
Subsequent to SMA publishing their perspective report, Sapiens announced
on July 21st its merger with solution providers IDIT I.D.I Technologies
[http://www.idit-technologies.com ] Ltd. and FIS Software
[http://www.fis-software.com ] Ltd. The combined organization looks to be
recognized as a major solutions provider to the global insurance market,
with RapidSure continuing as one of the key offerings in the company's
product portfolio in North America.
Referring to the recent merger announcement, SMA Founder Deb Smallwood,
said, "Mergers can present an assortment of challenges, but with strong
leadership support, focused plans and alignment, these challenges quickly
turn into infinite possibilities. It appears that this merger will
capitalize on the synergies between the companies, and the new assets from
this merger will align well to the RapidSure product offering."
To obtain a copy of the SMA Perspective featuring RapidSure, please
click here
[http://www.sapiens.com/announcements/sma-prespective-the-pressing-need-for-speed ]
.
About Sapiens International
Sapiens International Corporation N.V. is a leading global provider of
business solutions for the insurance industry, helping modernize business
processes and enabling insurance organizations to adapt quickly to change.
Sapiens' innovative solutions are widely recognized for their ability to
cost-effectively align IT with the business demands for speed, flexibility
and efficiency. Sapiens operates through its subsidiaries in North America,
the United Kingdom, EMEA and Asia Pacific. For more information, please
visit http://www.sapiens.com.
Except for historical information contained herein, the matters set
forth in this release are forward-looking statements that are dependent on
certain risks and uncertainties, including such factors, among others, as
market acceptance, market demand, pricing, changing regulatory environment,
changing economic conditions, risks in new product and service development,
the effect of the Company's accounting policies, specific system
configurations and software needs of individual customers and other risk
factors detailed in the Company's SEC filings.
Media Contact:
Osnat Segev-Harel, CMO
Sapiens International
+972-8-9382721
osnat.se@sapiens.com
Photo:
http://www.newscom.com/cgi-bin/prnh/20100811/hs49090logo
Source: Sapiens International Corporation N.V
.