Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, and Mindtree, a global technology consulting and services company, today announced a partnership to help drive digital transformation through the insurance industry. The combination of Sapiens’ industry-leading, a cloud-native, core suite of insurance applications and Mindtree’s deep insurance domain knowledge and expansive delivery capabilities will increase the scale, speed to market and customer satisfaction as insurance companies embrace digital. Designed to support insurance system implementations, the partnership will focus initially on North America, with plans to grow into Europe and Asia.We are delighted to collaborate with Mindtree in Property & Casualty and Life & Annuities. Our collective insurance industry and digital transformation experience will further strengthen our delivery capabilities and scale which will drive continued growth and customer satisfaction,” said Jamie Yoder, Sapiens North America President & General Manager. “Together we will power insurers with the competitive edge to meet market demands and succeed in the digital age of insurance
Our partnership with Sapiens emphasizes our longstanding commitment to innovation,” said Mukund Rao, Chief Business Officer for Banking, Financial Services, and Insurance at Mindtree. “Digital technologies have unlocked a significant opportunity for P&C insurers to not just streamline processes, but to also drive new business and operating models centered on engaging and disruptive experiences. The combined strengths of Mindtree and Sapiens will enable insurance companies to maximize digital transformation and achieve business outcomes.”
Sapiens’ insurance solutions enable carriers to improve operational efficiency, expand revenue streams and increase customer engagement and satisfaction using digital and omnichannel experience. Sapiens CoreSuite for Property & Casualty and Life & Annuities enables insurers to rapidly deploy core systems on the cloud, including business intelligence, reinsurance, and digital portal solutions that support all lines of business.
With many years of experience in engagements with customers around the world, the combined expertise of Sapiens and Mindtree will help lower risk and accelerate the change process for customers during their implementations.
