AAFMAA Partners with Sapiens for an Enhanced and Timely
Personalized Digital Experience
ROCHELLE PARK, N.J.,
Sept. 19, 2023 /PRNewswire/
-- Sapiens International Corporation, (NASDAQ: SPNS)
(TASE: SPNS), a leading global provider of software solutions for
the insurance industry, announced today that the American Armed
Forces Mutual Aid Association (AAFMAA), a non-profit financial
solutions provider for military families and Veterans, has selected
Sapiens' Pro Series Customer Acquisition SaaS solution, consisting
of Sapiens' ApplicationPro, IllustrationPro, UnderwritingPro, and
Intelligence, as a part of its legacy modernization and automation
initiative.
AAFMAA needed a modern solution to serve its military
constituents effectively and could integrate the value of its
existing legacy system. Their selection of Sapiens' Pro Series
Customer Acquisition Solution system was prompted by its
outstanding functionality, responsiveness, and 24/7 platform
access. AAFMAA is a new Sapiens customer whose implementation of
the Sapiens Pro Series Customer Acquisition solution should be
completed during second-quarter 2024.
"Implementing Sapiens' Pro Series Customer Acquisition solution
will help us maintain the best technology stack and support new
customer acquisition, in addition to the increasing volume and
complexity of future transactions," said Col. Jerry Quinn, AAFMAA's Chief Operating Officer.
"The solution will also allow us to deliver timely, quality
products and services in today's demanding digital environment, and
enable us to best serve our members and their families," he
added.
"A streamlined and next-generation customer acquisition platform
with robust cloud architecture will help strengthen AAFMAA's
long-term financial performance," said Jamie Yoder, Sapiens North America President
& General Manager. "Sapiens looks forward to providing AAFMAA
with the tools to accelerate industry gains and pursue their
growth targets."
Created and designed by some of the industry's leading
experts, Sapiens Customer Acquisition cloud solution merges
Sapiens ApplicationPro, IllustrationPro, UnderwritingPro, and
Intelligence to create a completely automated digital point of sale
decisioning solution for a quick and complete
submission-to-commission experience for agents and their customers.
Agent toolkit integrations ensure data accuracy, process
flexibility, and availability for any life and annuity products to
be decisioned immediately, using a variety of instant evidence
sources.
About Sapiens
Sapiens International Corporation (NASDAQ and TASE: SPNS)
empowers the financial sector, with a focus on insurance, to
transform and become digital, innovative, and agile. With more than
40 years of industry expertise, Sapiens' cloud-based SaaS insurance
platform offers pre-integrated,
low-code capabilities across core, data, and digital
domains to accelerate our customers' digital transformation.
Serving over 600 customers in more than 30 countries, Sapiens
offers insurers across property and casualty, workers'
compensation, and life insurance markets the most
comprehensive set of solutions, from core to complementary,
including Reinsurance, Financial & Compliance, Data &
Analytics, Digital, and Decision Management. For more
information visit https://sapiens.com or follow us
on LinkedIn.
About AAFMAA
The American Armed Forces Mutual Aid Association (AAFMAA)
is the longest-standing nonprofit financial solutions provider that
empowers the military community with affordable financial solutions
— including always-affordable life insurance, expert investment
management, and customized residential mortgages. Follow the
organization
on Twitter, Facebook and LinkedIn.
Media and Investor's Contact
Yaffa Cohen-Ifrah
Chief Marketing Officer &
Head of Investor Relations, Sapiens
yaffa.cohen-ifrah@sapeins.com
FischTank PR
aafmaa@fischtankpr.com
Forward-Looking Statements
Certain matters discussed in this press release that are
incorporated herein by reference are forward-looking statements
within the meaning of Section 27A of the Securities Act, Section
21E of the Exchange Act and the safe harbor provisions of the U.S.
Private Securities Litigation Reform Act of 1995, that are based on
our beliefs, assumptions and expectations, as well as information
currently available to us. Such forward-looking statements may be
identified by the use of the words "anticipate," "believe,"
"estimate," "expect," "may," "will," "plan" and similar
expressions. Such statements reflect our current views with respect
to future events and are subject to pandemic risks and
uncertainties. There are important factors that could cause our
actual results, levels of activity, performance or achievements to
differ materially from the results, levels of activity, performance
or achievements expressed or implied by the forward-looking
statements, including, but not limited to: the degree of our
success in our plans to leverage our global footprint to grow our
sales; the degree of our success in integrating the companies that
we have acquired through the implementation of our M&A growth
strategy; the lengthy development cycles for our solutions, which
may frustrate our ability to realize revenues and/or profits from
our potential new solutions; our lengthy and complex sales cycles,
which do not always result in the realization of revenues; the
degree of our success in retaining our existing customers or
competing effectively for greater market share; difficulties in
successfully planning and managing changes in the size of our
operations; the frequency of the long-term, large, complex projects
that we perform that involve complex estimates of project costs and
profit margins, which sometimes change mid-stream; the challenges
and potential liability that heightened privacy laws and
regulations pose to our business; occasional disputes with clients,
which may adversely impact our results of operations and our
reputation; various intellectual property issues related to our
business; potential unanticipated product vulnerabilities or
cybersecurity breaches of our or our customers' systems; risks
related to the insurance industry in which our clients operate;
risks associated with our global sales and operations, such as
changes in regulatory requirements, wide-spread viruses and
epidemics like the recent novel coronavirus pandemic, which
adversely affected our results of operations, or fluctuations in
currency exchange rates; and risks related to our principal
location in Israel and our status
as a Cayman Islands company.
While we believe such forward-looking statements are based on
reasonable assumptions, should one or more of the underlying
assumptions prove incorrect, or these risks or uncertainties
materialize, our actual results may differ materially from those
expressed or implied by the forward-looking statements. Please read
the risks discussed under the heading "Risk Factors" in our most
recent Annual Report on Form 20-F, to review conditions that we
believe could cause actual results to differ materially from those
contemplated by the forward-looking statements. You should not rely
upon forward-looking statements as predictions of future events.
Although we believe that the expectations reflected in the
forward-looking statements are reasonable, we cannot guarantee that
future results, levels of activity, performance and events and
circumstances reflected in the forward-looking statements will be
achieved or will occur. Except as required by law, we undertake no
obligation to update publicly any forward-looking statements for
any reason, to conform these statements to actual results or to
changes in our expectations.
Logo -
http://mma.prnewswire.com/media/585787/Sapiens_Logo.jpg
View original
content:https://www.prnewswire.co.uk/news-releases/aafmaa-selects-sapiens-to-modernize-customer-acquisition-processes-301931771.html