This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Tokio Marine Management (TMM) In Production With Sapiens RapidSure And Sapiens Reinsurance Solutions

ROCHELLE PARK, New Jersey, June 4, 2012 /PRNewswire/ --

Sapiens International Corporation N.V. (NASDAQ and TASE: SPNS), a global provider of innovative insurance software solutions announced today that Tokio Marine Management, Inc. (TMM) is now in production with two  Sapiens solutions: Sapiens RapidSure Policy Administration and Sapiens Reinsurance solution.

     (Photo: http://photos.prnewswire.com/prnh/20120508/531104 )

The successful 10 month RapidSure implementation resulted in policy processing for 12 of TMM's lines of personal and commercial business.  In parallel, Sapiens Reinsurance implementation project was completed in April 2012 after an 11 month effort.  These two implementations have made a great contribution toward the successful replacement of the company's legacy mainframe system.

Commenting on the success of the Sapiens projects, TMM's CIO Charlie Kuwabara said, "With RapidSure's outstanding configuration tools and the system's flexibility we were able to roll out 12 lines of business in a short period of time.  Making good on their commitment, the Sapiens team was able to meet our aggressive schedule."

Mr. Kuwabara continued, "Simultaneously, we implemented the reinsurance system.  So, it's been quite a busy and successful year, and we are well positioned to expand the scope of RapidSure."

Ron Karam, President, Sapiens North America Insurance division, noted, "We are very pleased to add Tokio Marine Management to our growing list of North American clients in production with RapidSure.  Core system replacement is never easy, but by establishing a joint, yet small and agile implementation team, our organizations were able to quickly and effectively meet both the business objectives and the target timeline."

Roni Al-Dor, President and CEO of Sapiens added, "It is very gratifying when an organization like TMM puts their trust in Sapiens and in our products.  We appreciate their confidence in our ability to enable the replacement of TMM's mission critical processing systems."

About Tokio Marine Management, Inc. ( TMM )

Tokio Marine Management, Inc. (TMM) is the management company for the U.S. Insurance operations of Tokio Marine & Nichido Fire Insurance Co., Ltd. (TMNF). For nearly 100 years, TMM has offered comprehensive commercial property and casualty insurance products to large- and middle-market companies in a variety of industries.  For additional information, please visit http://www.tokiomarine.us.

About Sapiens International

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,689.86 -56.12 -0.32%
S&P 500 2,103.84 -4.79 -0.23%
NASDAQ 5,128.2810 -0.5040 -0.01%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs