UXBRIDGE, England, July 23, 2012 /PRNewswire/ --
Sapiens International Corporation N.V. (NASDAQ and TASE: SPNS), a global provider of innovative insurance software solutions, announces today that MD Insurance Services UK (MDIS) selected Sapiens IDIT General Insurance solution for providing buildings warranty insurance, to cover their 10 year guarantees.
The project encompasses the implementation of Sapiens IDIT Software Suite for General Insurance as the new web-based Policy Administration solution, enriched with the necessary functionality to ensure readiness and compliance in the UK, followed by other selected countries across Continental Europe. The system will enable fast deployment of building warranty insurance products, backed by a customer-centric management system.Gary Devaney, Managing Director at MDIS commented: "Our main challenge is to enhance our back office software and extranet portal capabilities to offer innovative home warranty covers. We are impressed with Sapiens IDIT's wide-ranging experience in the insurance sector and we consider Sapiens as a true partner to help us win this challenge." "We are proud of being selected by MDIS and we look forward to providing our award winning insurance technology solution to expedite the execution of MDIS global strategy." Said Yoel Amir, President, General Insurance & Non-Life Division. "Our continuous investment in the IDIT Software Suite and the XCelent top honor for the leading Advanced Technology score by Celent Policy Administration Report, demonstrate our undisputed commitment for insurance software innovation." "Our partnership with MDIS UK is an important step in the implementation of our growth strategy and further supports our commitment to the UK insurance market" said Roni Al-Dor, President and CEO of Sapiens. "We experience a growing interest in our insurance software solutions across Europe, and MDIS selection is a cornerstone for our UK market." About Sapiens International