HOLON, Israel - Sapiens International (NASDAQ:SPNS) Corporation (NASDAQ: SPNS) (TASE: SPNS), a prominent provider of software solutions for the insurance industry, has announced the successful deployment of its CoreSuite for Life & Pensions and Cloud Services at Gjensidige Pensjonsforsikring (GPF), a leading Norwegian insurance firm. This marks a significant development for GPF, positioning it as the first Nordic company to implement CoreSuite, with the aim of enhancing its digital capabilities and solidifying its market presence.
The CoreSuite platform, tailored specifically for the Norwegian market, is designed to increase automation and operational efficiency, granting GPF real-time access to centrally managed data. By utilizing a unified system on the cloud, GPF is expected to streamline its workflows, accelerate its digital transformation, and improve customer engagement. Sapiens will continue to maintain and update the CoreSuite solution, ensuring it meets the latest technological and regulatory standards.
Torstein Ingebretsen, CEO of GPF, expressed satisfaction with the initial phase of the core transformation project and the support provided by Sapiens. He emphasized the importance of a strong core and strategy for GPF's growth within the dynamic Norwegian pensions market.
Roni Al-Dor, President and CEO of Sapiens, highlighted the milestone achievement in the Nordics and the company's commitment to supporting GPF's innovation journey and customer service excellence with its cloud-based IT infrastructure.
Sapiens CoreSuite for Life & Pensions is an award-winning policy administration system that supports individual and group products across various sectors, including life, health, wealth, and retirement. Sapiens Cloud Services is designed to foster business growth by offering a comprehensive suite of value-added cloud services.
GPF, a subsidiary of Gjensidige Forsikring, primarily provides defined contribution and investment products, pension plans, and risk products for groups and individuals in Norway. Sapiens International Corporation serves over 600 customers in more than 30 countries, empowering the financial sector's digital transformation with its cloud-based SaaS insurance platform.
This development is based on a press release statement from Sapiens International Corporation.
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