Novarica Recognizes Sapiens as a Dominant Provider of Illustration Solutions in their 2021 Market Navigator
HOLON,
Novarica's report provides an overview of the stand-alone illustrations systems currently available to US life/health/annuity insurers, based on vendor market position and offering details. Novarica Market Navigator provides an overview of major providers in a specific segment. It is intended to help insurers quickly understand who is active in the space and their approximately relative market positions. The report contains 13 solution profiles that summarize the vendor organization, technology used, differentiators, client base, supported lines of business, deployment options, implementation approaches, upgrades and enhancements and key functionality.
"We are honored to be recognized as a Novarica Dominant Provider. Its testimony to the fact that Sapiens has made significant investments in IllustrationPro, culminating in a product with robust functionality and efficient usability that provides a completely new and satisfying user experience," said
Sapiens IllustrationPro for Life & Annuities is a cloud-based, point-of-sale illustration and quoting solution, offering a fully responsive, modern and intuitive user experience for both the life and annuities as well as health markets. ACORD®-compliant, it offers straight-through processing, from point-of-sale to application e-submission and is supported by a needs analysis suite. IllustrationPro's calculation engine handles complex product illustrations and the multichannel distribution, enabling carriers to serve multiple marketing segments with a single deployment.
The Novarica report recognized Sapiens for its proven track record and its partnership with 41 live US/Canadian insurers using its illustrations solution, most of which are larger companies (over
The full report can be accessed here.
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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
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, in order 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.
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