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EuroLife Selects Sapiens ALIS for All Life, Investment, Health Business

Staff Writer | July 15, 2015

Sapiens announces that EuroLife has selected Sapiens ALIS, a core solution suite that supports the complete policy lifecycle, to replace the company’s legacy environment and support all of EuroLife’s life, investment, and health lines of business.

With an inflexible legacy environment unable to meet the leading Cyprus-based life insurance company’s new product and time to market needs, EuroLife opted to modernize its processing environment. 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’ unique 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.

“We selected Sapiens because of the rich business functionality of its software and the professionalism and quality of the personnel. We see a tremendous amount of value in Sapiens’ domain expertise and understanding of our business needs, as well as the cultural alignment between our organizations and the partnership spirit created,” says Savvas Sideras, operations manager at EuroLife.

Once in production, 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

“We look forward to working closely with EuroLife to help them meet their goals of delivering the highest quality customer experience, while continuing to reduce costs and increase efficiencies,” says Henry Ainouze, vice president, regional business and operations at Sapiens.  

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