This Day On The Street
Continue to site
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

Achmea (Australia) Selected Sapiens IDIT Software Suite

REHOVOT, Israel, December 5, 2012 /PRNewswire/ --

Sapiens International Corporation N.V. (NASDAQ and TASE: SPNS), a provider of innovative insurance software solutions and a member of the Formula Group (NASDAQ: FORTY and TASE: FORT), announces today that Achmea Insurance Group have selected Sapiens IDIT software suite as their centralized solution for core General Insurance business in Australia. This Greenfield operation is conducted by Achmea Australia, who will serve as the insurer's main distribution channel on the ground.

     (Logo: )

This Sapiens IDIT deployment follows the successful implementations of Sapiens IDIT Software Suite in Interamerican ( Bulgaria) and Oranta ( Russia), members of the Achmea Group, and the decision of Achmea to select Sapiens IDIT as the strategic software solution across all operating companies within the group.

Timo van Voorden, CEO of Achmea Australia, commented: "I am confident that the rich functionality of Sapiens IDIT Software suite and the experience of the Sapiens team will help us meet our aggressive business objectives that we have set for ourselves in the Australian market."

Ruud Gruson, Program Manager at Achmea B.V Division International added: "The most important success factor of Sapiens IDIT Software Suite is the comprehensiveness of the solution. Sapiens IDIT's robust technology enables us an easy opening up of any distribution channel for selling our insurance products."

"Our successful partnership with the Achmea Group is yet another evidence to our growing market share within the global insurance enterprises segment." said Roni Al-Dor, President and CEO of Sapiens International.

Yoel Amir, Managing Director, General Insurance & Non-Life at Sapiens, added: "This win further fosters our commitment to the Australian insurance market. We are dedicated to the success of this partnership with Achmea and look forward to providing the best insurance technology solution that addresses Achaea's global strategy. As a global company, Sapiens invests in meeting the undisputed demands of global insurers who wish to deploy a common software platform across their operations worldwide."

About Achmea

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
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 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs