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

Texas Farm Bureau Insurance Companies To Implement All Personal Property Lines With Sapiens

JERSEY CITY, New Jersey, April 8, 2013 /PRNewswire/ --

Sapiens International Corporation, (NASDAQ and TASE: SPNS), a global provider of innovative software solutions for the financial services industry, today announced that the Texas Farm Bureau Insurance Companies, one of the largest Texas-based insurance groups providing auto, home, farm and ranch, life, and health insurance, has chosen to expand its Sapiens' insurance implementation to include all personal property and casualty lines of business.

     (Logo: )

As part of an ongoing strategic shift in its systems infrastructure and application suite, Texas Farm Bureau Insurance Companies will migrate all personal lines of business from its legacy systems to a Sapiens software platform. This will enable ease of doing business backed by a customer-centric rules-based management system.

Commenting on the implementation expansion, Mike Gerik, Executive Vice President of Texas Farm Bureau Insurance Companies, said, "We've benefited from a successful Farm and Ranch property project with Sapiens, and we continue to be impressed with Sapiens' wide-ranging experience in the insurance sector and understanding of our needs. The Farm and Ranch property system has been statewide for a couple years, and the casualty (auto) system is now scheduled to be statewide soon. Additional property lines are also scheduled to be deployed in the coming months."

Roni Al-Dor, President and CEO of Sapiens, commented, "We appreciate Texas Farm Bureau Insurance Companies' confidence in our team and in our software offerings and we are fully committed to this long-term partnership. We are very pleased with the growing demand for Sapiens insurance software solutions and services, and have recruited over 100 new employees globally to further support our growth."

"This is a clear vote of confidence in Sapiens, and it follows the successful implementation of our rules-based solutions delivered to our customers so far," said Tomer Srulevich, Executive Vice President Sales and Operation of Sapiens DECISION. "The expansion of our relationship reflects our solid business value for helping our customers cope in today's fast-paced, ever changing, tightly regulated marketplace."

About Sapiens

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
Dividend Stock Advisor

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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs