Guardian Financial Services Selects Sapiens Insurance Software Solution
May 24, 2012
By Raju Shanbhag
TMCnet Contributor
Insurance companies these days require software that helps get them to their destination despite the quickly evolving market, with the aspiration to be one step ahead of their competitors. Sapiens has developed its software as an array of SOA-based modular software components to cater to the requirements of the insurance industry today and well into the future with its strong team of industry experts.
Those modular insurance software products and solutions are created to meet the special needs of each insurance marketplace.
Guardian Financial Services recently selected Sapiens' insurance software solution, in a contract of $700,000. Founded in 1821, Guardian Financial Services is the collective trading name for Guardian Assurance plc, Guardian Linked Life Assurance Ltd. and Guardian Pensions Management Ltd. The company has more than 300,000 policies and about 170 employees.
With the help of Guardian Financial Services, the company is now equipped with an attractive entry point into the U.K. closed life market, along with a reliable platform from which to execute a consolidation strategy for the sector, the company stated in a press release.
“Our commitment to the financial services and insurance market is undisputed, as we help our customers manage their core business with our solutions,” said Roni Al-Dor, President and CEO at Sapiens. “We are proud to continue and service Guardian Financial Services as our customer and help them achieve their business goals.”
Sapiens recently launched the latest version of its RapidSure Policy Administration System. Components of RapidSure 8.0 have already been pre-released to its current customers. This edition unveils a fully combined and complete billing component with advanced Business Process Management (BPM) capability.
The service is part of the Sapiens roadmap commitment to provide a comprehensive suite to the North American P&C market.
Edited by Braden Becker
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