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EuroLife Goes Live with Sapiens ALIS Policy System

Staff Writer | May 17, 2017

Sapiens International announces the successful go-live of Sapiens ALIS at EuroLife to replace the company’s legacy environment and support all of EuroLife’s life, investment and health lines of business.

With a legacy environment seriously challenged in meeting a leading Cyprus-based life insurance company’s new product and time to market needs, EuroLife opted to modernize its processing environment with a core solution suite that supports the complete policy lifecycle and contributes to its strategic goal of being a current, customer-centric company.

The Sapiens suite was chosen due to its modern technology, depth of functionality, flexibility and ability to support EuroLife’s diverse product portfolio. Also key to the decision was Sapiens’ implementation approach, offering EuroLife a clear path to self-sufficiency through a combination of a joint implementation effort, consultation/training, and Sapiens’ knowledge and skills transfer.

“The professionalism and quality of Sapiens’ personnel were major factors in our selection and Sapiens executed on its promises and vision. Going live successfully in a relatively short period of time was the result of great collaboration between two highly professional, high-performing teams,” says Savvas Sideras, operations manager at EuroLife. “Sapiens’ domain expertise and understanding of our business needs provided tremendous value and led to a fast and collaborative implementation process.”

“This achievement was made possible by the excellent teamwork and spirit exhibited by EuroLife and Sapiens,” says Roni Al-Dor, Sapiens’ president and CEO. “We are pleased that the delivery process went smoothly and we look forward to continuing to explore new opportunities with our partners at EuroLife.”

Anticipated benefits from the new system include:

  • Improved time to market for new products
  • Reduced IT costs associated with the support and maintenance of the legacy environment
  • A holistic view of the client in an omni-channel environment
  • The ability to leverage data to better serve and interface with customers

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