This Day On The Street
Continue to site right-arrow
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
TheStreet Open House

MTL Insurance Company Selects The Sapiens ALIS Policy Administration To Administer Its Life Insurance And Annuity Business

Stocks in this article: SPNS

ROCHELLE PARK, New Jersey, July 17, 2012 /PRNewswire/ --

Sapiens International Corporation, (NASDAQ and TASE: SPNS), a global provider of innovative insurance software solutions, announced today that Oak Brook, IL-based MTL Insurance Company, a member of Mutual Trust Financial Group, has selected the Sapiens ALIS policy administration system to administer its life and annuity business. Using ALIS, in a phased-approach project, will enable MTL to update its policy administration platform to more efficiently introduce new products, take advantage of the latest technology and provide better service to its policy holders.

     (Logo: )

MTL Insurance Company develops, underwrites, and services individual life insurance and annuities. The company, which specializes in the design and development of whole life insurance, also offers universal and term life insurance, as well as annuities to individuals, families and businesses.

Commenting on the ALIS selection, Mutual Trust's President and Chief Executive Officer Steve Batza explained, "Following an extensive evaluation, we determined that ALIS was best suited to meet our long-term strategic objectives. We were impressed with ALIS's rich functionality as well as the technical architecture which will allow us to develop more efficient processes and substantially improve our speed to market. The Sapiens organization and its consulting staff took the time to understand our needs, and their customer-focused approach was an important part of our selection process."

Ron Karam, President, Sapiens North America Insurance Division, concludes, "We are extremely pleased with the opportunity to partner with MTL on updating their policy administration infrastructure.  We have already mobilized our team to implement ALIS and to convert MTL's existing business from their legacy system. MTL represents our sixth U.S.-based ALIS customer and 25th ALIS customer world-wide, further establishing Sapiens as a market leader."

Roni Al-Dor, Sapiens's President and CEO, added, "We are proud to be selected by MTL and welcome the company to our family of customers. Our presence in the insurance market continues to grow as we partner with more customers to help them achieve their market and technology goals."

About MTL Insurance Company

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link 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

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, 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
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,461.13 +73.92 0.43%
S&P 500 2,038.65 +9.10 0.45%
NASDAQ 4,726.1890 +44.6920 0.95%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs