JERSEY CITY, New Jersey
February 25, 2013
Sapiens International Corporation
, (NASDAQ and TASE: SPNS), a global provider of innovative insurance software solutions, announced today that
Binghamton, New York
Columbian Financial Group
(CFG) is now processing over 340,000 policies on the Sapiens
ALIS policy administration
CFG, a leading provider of Preneed and Final Expense products, originally licensed ALIS in 2008. At that time, the company's business was distributed across a variety of disparate policy administration systems. With the goal of consolidating the business to a common platform, CFG chose to deploy ALIS. After a series of successful conversions, CFG is now processing over 340,000 policies, including Preneed, Final Expense, Single Premium Whole Life, Universal Life, Fixed Annuities, and Mortgage Term Insurance products. Additional conversations from the remaining systems are currently in progress.
Commenting on the success to date of CFG's modernization project,
, CFG's IT Senior Vice President, said, "ALIS has proven to be the industrial strength enterprise level policy administration platform we had been searching for. We have been able to internalize the ALIS conversion tools, helping us to be more self-sufficient and able to conduct the remaining conversions with less reliance on the Sapiens team. Self-sufficiency was a key objective of our project and an important component of our original ALIS evaluation criteria and selection decision."
"We are pleased to provide CFG our ALIS solution in the North America Market," said
, President Sapiens' North American Insurance Division. "As our first customer in the
market, we appreciate CFG's welcoming our modern and functionally-rich technology platform that enable CFG to self-maintain and to serve as the hub for system consolidation. We take great pride in having CFG as a partner and in their success in realizing the ALIS value proposition."
About Columbian Financial Group