Sapiens International Corporation, has announced with LocalTapiola (LT), Finland’s -second largest insurance company , the launch of the new Policy Administration System. The new Policy Administration System leverages Sapiens award-winning CoreSuite, Sapiens Business Intelligence, Sapiens Cloud Services (SCS) and Cloud Hosting to replace the 8 Policy Administration Systems (PAS) with a next-generation digital experience.
The consolidation of 8 PAS system into a single seamless digital experience will reduce technology debt, support full compliance with statutory requirements and legislation as well as meet customer demands and dynamic behavior. As a result, LocalTapiola will be customer-centric with a next-generation customer experience and added-value, positioning the company as a digital pioneer in the region. Furthermore, the new Sapiens-based PAS system will significantly reduce IT debt and increase the speed-to-market of new products and solutions.
“Partnering with Sapiens provides LocalTapiola Life the agility and abilities to provide our customers a unique digital experience. An experience with the customer in mind, positioned at the forefront of the company back with the technology to deliver a game-changing policy administration system. Sapiens presence in the Nordic market makes it a perfect partner that brings both global technology and knowledge with local understanding and service” says Pasi Haarala, CEO LocalTapiola Life company.
“Establishing our presence in the Finnish market with LocalTapiola Life is a true honor and further strengthens our strategic presence in the Nordic region ” says Ron Al-Dor, CEO of Sapiens. “This partnership signifies the true spirit of digitalization and LocalTapiola Life as the flagship project in Finland”.
Sapiens solutions offer a dynamic, digital engagement and enablement platform for insurers to provide a unified, omni-channel experience. The flexible, component-based platform can be leveraged together with Sapiens’ core solutions or in addition to other (non-Sapiens) solutions.
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