Sapiens signs $1m claims management deal with leading global insurance company

London, 12th October, 2005

Sapiens signs $1m claims management deal with leading global insurance company

Sapiens today announced that one of the world’s leading insurance companies, has selected Sapiens to implement a global claims management solution using the Sapiens INSIGHTTM solution and eMerge technology suite of products.

The initial value of the deal is in the region of $1M and additional services are forecasted to continue into 2006.

Sapiens was selected to enable the company to differentiate itself in both its ‘service activities’ and ‘insurance activities’ and will ensure its continued commitment to profitable growth in a fiercely competitive landscape. Once implemented, the claims management solution is planned to be rolled out to all subsidiaries across Europe (UK, France, Germany, Italy, and Spain).

The insurance company's Chief Information Officer commented: "after a thorough analysis of the various claims solutions on the market we opted for Sapiens. We were impressed with their credentials and delivery track record in the insurance sector. They will enable us to deliver the claims solution quickly and at a fixed price, which is important to us and very unique in the marketplace."

Kali Bagary, Managing Director of Sapiens (UK) Limited, added: "this is a significant milestone for Sapiens and its Insurance Business Solutions strategy. It re-confirms that our solutions have a global appeal and demonstrates to our long term customers that we can deliver innovative solutions to keep them ahead of their competition. Having this multi-national insurance company selecting Sapiens is a huge vote of confidence and recognition, both in our insurance solution and our technology."

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