Tennessee Farmers Life Insurance Company Picks Sapiens to Modernize Policy Administration System
April 27, 2015
Sapiens International Corporation, a provider of retirement and insurance software solutions, has announced that Tennessee Farmers Life Insurance Company (TFLIC) has selected its ALIS policy administration system.
“We wish to thank Tennessee Farmers Life for selecting Sapiens and joining our growing Sapiens ALIS user community. We look forward to another successful implementation," Ron Karam, president of Sapiens’ North American insurance and retirement services division. "Our new partnership with TFLIC demonstrates Sapiens ongoing commitment to the Life and Annuity market as we continue to improve Sapiens ALIS to offer greater benefits to our customers."
TFLIC is moving to ALIS from the LIFE-COMM mainframe application. The company is converting over 330,000 policies to the cloud-based ALIS after a six month evaluation period. This is the third such conversion that Sapiens has performed. TFLIC will also connect with LifeNet, which is the main interface for both TFLIC employees and field agents.
ALIS offers new business, policy owner services, claims processing and repetitive payments. Sapiens is also partnering with NTT (News - Alert) DATA to offer the company’s first cloud-based deployment of ALIS. Sapiens is using NTT’s application, migration and hosting capabilities under the deal.
Both Sapiens and TFLIC hope that the new system will improve the company’s insurance services while reducing the risks inherent in implementing new systems.
"We are pleased to partner with Sapiens to modernize our infrastructure, enabling Tennessee Farmers Life to enhance the service we provide to our policy holders and take advantage of current digitalization trends, including mobility and social media," said Dennis Stephen, chief operating officer of TFLIC. "We felt the Service-Oriented Architecture of Sapiens ALIS was ideal and the Sapiens personnel who have assisted with our due diligence process, and now the project, have been outstanding. This collaboration, along with Sapiens' reputation in the industry, gives us confidence in our decision."
Edited by Dominick Sorrentino