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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Haverford Holdings Selects Sapiens IDIT Software Suite As Its Global Solution Across All Operating Companies In The Group

Stocks in this article: SPNS

REHOVOT, Israel, March 25, 2013 /PRNewswire/ --

Sapiens International Corporation, (NASDAQ and TASE: SPNS), a global provider of innovative software solutions for the financial services industry, today announced that Haverford Holdings Limited, a global provider of property and casualty insurance and reinsurance, has licensed Sapiens IDIT Software Suite as their centralized solution throughout its group of insurance companies.  Its first application, which is valued at $1.5 Million USD, will be to manage the direct motor line which will be offered (when licensed) through a newly formed Gibraltar company, St. Bernard Assure Limited.

     (Logo: )

Sapiens IDIT Software Suite will be deployed as the common application with multi-country approach for full value-chain coverage. The new platform will allow Haverford to harmonize the policy administration processes via a centralized platform, facilitate business development by easy launch of new products, improve customer satisfaction by implementing operational excellence, and reduce IT costs.

William F. Fawcett, CEO of Haverford Services commented: "We selected Sapiens IDIT for this mission-critical project because of its intuitive, guided modern and customer-oriented user interface. These aspects associated with the suite's impressive workflow and business rules engines which are based on a structured architecture offered a solution that completely fit with our business needs."

"Our partnership with Haverford Holdings is an important step in the implementation of our growth strategy as a global player in the insurance software market" said Roni Al-Dor, President and CEO of Sapiens International. "We experience a growing interest in our insurance software solutions worldwide, and Haverford is an important pillar in our presence within the global insurance providers."

Yoel Amir, Managing Director, General Insurance & Non-Life at Sapiens added: "We are proud of being selected by Haverford for this multi-year cutting-edge project. The project implementation, which is already well under way, will provide Haverford a superior functionality of Policy Administration, Product Factory, Rating, Underwriting and Workflow Rule Engine across multiple channels. We are dedicated to the success of this partnership and look forward to providing the best insurance technology solution that addresses Haverford's global strategy."

About Sapiens

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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 17,778.15 +421.28 2.43%
S&P 500 2,061.23 +48.34 2.40%
NASDAQ 4,748.3960 +104.0840 2.24%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

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