Sapiens end-to-end solution reinforces EquiTrust’s strategic initiative to increase sales through a more intuitive and engaging experience

RALEIGH, North Carolina, June 21, 2022 /PRNewswire/ — Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced that EquiTrust Life, the one of North America’s leading life and health insurance companies, has chosen Sapiens’ award-winning suite of electronic applications, illustrations and digital solutions to provide its agents with new customer acquisition and service capabilities. generation.

Sapiens IllustrationPro, Sapiens ApplicationPro, and Sapiens DigitalSuite support EquiTrust Life’s key product offerings by providing comprehensive new business illustrations with enhanced solutions for complex scenarios with split-second calculations, and an interactive experience for reduce re-keying, resulting in fewer errors, faster decision-taking time, and better engagement. Sapiens’ simple, intuitive and device-agnostic user engagement with flexible branding and integrations enhances the partner experience of EquiTrust Life. Leveraging Sapiens’ toolkit, the solution provides autonomy and reduces total cost of ownership.

“We were looking for a vendor to drive our digital transformation and accelerate innovation within our agent sales process. Innovation is a key pillar within EquiTrust Life, and we felt that Sapiens’ digital tools would innovate much faster than any other competitor, while delivering industry knowledge and best practices,” said Carole Woodruff, Vice President, Information Systems at EquiTrust Life. “We administer financial products for retirees, and Sapiens’ solution provides a superior agent experience to market complex financial products that help protect our growing senior population.”

“We are thrilled to partner with EquiTrust Life on their digital transformation journey,” said Jamie Yoder, President and CEO of Sapiens North America. “Sapiens not only provides a wide range of industry-leading solutions, but we also fully understand our customers’ business objectives and are committed to delivering best-in-class solutions, seamlessly to drive growth and create value.

Sapiens IllustrationPro for Life & Annuities is a cloud-based point-of-sale illustration and quoting solution, providing a fully responsive, modern and intuitive user experience for the life insurance, annuity and healthcare markets . Sapiens ApplicationPro is robust electronic application software that helps insurers manage critical business factors, such as reducing issue times and reducing policy acquisition costs, all in a highly intuitive and easy-to-use package. utilize.

Sapiens DigitalSuite offers a dynamic, digital engagement and enablement platform for insurers to deliver a unified omnichannel experience. The flexible component-based platform can be used alongside Sapiens core solutions or in addition to other (non-Sapiens) solutions.

About EquiTrust Life
EquiTrust Life Insurance Company is a trusted provider of life insurance and annuity products with a strong track record of operational performance. EquiTrust is a nationwide provider of competitive, user-friendly options available through a variety of distribution channels, including more than 15,700 independent sales representatives and independent marketing organizations. EquiTrust offers fixed rate and indexed annuities and life insurance and is headquartered in Chicago with operations in West Des Moines. In June 2015Magic Johnson Enterprises became the majority shareholder, making EquiTrust Life Insurance one of the largest minority-owned life insurance companies in the nation’s history in $25.7 billion in assets. For more information, visit https://www.EquiTrust.com

About Sapiens
Sapiens International Corporation (NASDAQ: SPNS) (TASE: SPNS) is enabling the financial industry, with a focus on insurance, to transform and become digital, innovative and agile. Leveraging over 40 years of industry expertise, Sapiens offers a comprehensive insurance platform, with pre-integrated low-code solutions and a cloud-first approach that accelerates customers’ digital transformation. Serving more than 600 customers in 30 countries, Sapiens offers insurers in the property and casualty, workers’ compensation and life insurance markets the most comprehensive set of solutions, from core to complementary , including reinsurance, finance and compliance, data and analytics, digital and decision management. . For more information, visit https://sapiens.com or follow us on LinkedIn.

Media Contact
Shay Assaraf
Chief Marketing Officer, Sapiens
[email protected]

Investor contacts
Dina Vince
Head of Investor Relations, Sapiens
[email protected]

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 US Private Securities Litigation Reform Act of 1995. , which are based on our beliefs, assumptions and expectations, and on information currently available to us. These forward-looking statements can be identified by the use of the words “anticipate”, “believe”, “estimate”, “expect”, “may”, “will”, “plan” and similar expressions. These statements reflect our current views regarding future events and are subject to the risks and uncertainties associated with the pandemic. 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 without limitation: our degree of success in our plans to leverage our global footprint to increase our sales; the degree of our success in integrating companies we have acquired through the implementation of our M&A growth strategy; long development cycles for our solutions, which may frustrate our ability to realize revenues and/or profits from our potential new solutions; our long and complex sales cycles, which do not always translate into the realization of revenue; the degree of our success in retaining existing customers or effectively competing for greater market share; difficulties in successfully planning and managing changes in the size of our operations; the frequency of long-term, material, complex projects we undertake that involve complex estimates of project costs and profit margins, which sometimes change along the way; the challenges and potential liability that enhanced privacy laws and regulations pose to our business; occasional disputes with customers, which may negatively impact our results of operations and our reputation; various intellectual property issues relating 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 customers operate; risks associated with our global sales and operations, such as changes in regulatory requirements, large-scale viruses and disease outbreaks such as the recent novel coronavirus pandemic, which adversely affected our operating results, or rate fluctuations exchange; and the risks associated with our principal location in Israel and our status as Cayman Islands company.

Although we believe that these forward-looking statements are based on reasonable assumptions, should one or more of the underlying assumptions prove incorrect, or should such risks or uncertainties materialize, our actual results could differ materially from those expressed or implied. understood by the forward-looking statements. Please read the risks discussed under “Risk Factors” in our most recent Annual Report on Form 20-F, to discuss the conditions that we believe could cause actual results to differ materially from those contemplated by forward-looking statements. You should not rely on 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 the future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or occur. Except as required by law, we undertake no obligation to publicly update any forward-looking statements for any reason, to conform such statements to actual results or to changes in our expectations.

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