Sapiens International Corporation, a global provider of software solutions for the insurance industry, announced the full launch of its cloud-first Life core platform CoreSuite for Life and Pensions with South Africa’s Hollard Group Risk, a division of Hollard Life Insurance Company Limited. The announcement marks Sapiens’ first Group Risk implementation in South Africa.
HGR’s legacy systems are being replaced by Sapiens’ solution to provide efficient processing to drive down operational costs via significant automation for customers, alliance partners and HGR staff, and provide them with a seamless user experience.
“Working with Sapiens was incredibly satisfying and beneficial for our organisation and its people,” said Duran Chetty, Chief Operating Officer of HGR. “We are very pleased to have launched alongside Sapiens a focused solution that can handle our existing business volumes with ample room to accommodate expected growth.”
Sapiens CoreSuite for Life & Pensions is an end-to-end, cloud-first, digitally enhanced Policy Administration System, for individual and group products, across Life, Health, Wealth, and Pensions. It is a modern, flexible solution enabling customer-centricity and improved time-to-market.
“We are excited to see the culmination of this complex project,” said Roni Al-Dor, Sapiens president and CEO. “Going live with a new core system for a Life & Pensions insurer is a challenge requiring considerable effort on both our part and that of HGR. It was a pleasure to do this work together with the amazing team of professionals at HGR, and we look forward to working together on subsequent projects.”
Sapiens and HGR expect to further expand their partnership in the near future by launching Sapiens Intelligence, a data and analytics solution that integrates insurers’ data to produce actionable insights that maximize its value.