South African Insurer Hollard Group Risk Implements Sapiens for Complete Core Transformation for Life & Pensions
Sapiens CoreSuite for Life & Pensions will improve HGR’s position in market and is Sapiens’ first Group Risk implementation in South Africa
Holon, Israel, February 13, 2023—Sapiens International Corporation, (NASDAQ and TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced the launch of its cloud-first Life core platform CoreSuite for Life & Pensions with South Africa’s Hollard Group Risk (HGR), a division of Hollard Life Insurance Company Limited. The announcement marks Sapiens’ first Group Risk implementation in South Africa.
HGR’s legacy systems are being replaced by Sapiens’ solution to provide efficient processing to drive down operational costs via significant automation for customers, alliance partners and HGR staff, and provide them with a seamless user experience.
“Working with Sapiens was incredibly satisfying and beneficial for our organisation and its people,” said Duran Chetty, Chief Operating Officer of HGR. “We are very pleased to have launched alongside Sapiens a focused solution that can handle our existing business volumes with ample room to accommodate expected growth.”
Sapiens CoreSuite for Life & Pensions is an end-to-end, cloud-first, digitally enhanced Policy Administration System, for individual and group products, across Life, Health, Wealth, and Pensions. It is a modern, flexible solution enabling customer-centricity and improved time-to-market.
“We are excited to see the culmination of this complex project,” said Roni Al-Dor, Sapiens president and CEO. “Going live with a new core system for a Life & Pensions insurer is a challenge requiring considerable effort on both our part and that of HGR. It was a pleasure to do this work together with the amazing team of professionals at HGR, and we look forward to working together on subsequent projects.”
Sapiens and HGR expect to further expand their partnership in the near future by launching Sapiens Intelligence, a data and analytics solution that integrates insurers’ data to produce actionable insights that maximize its value.
Sapiens International Corporation (NASDAQ and TASE: SPNS) empowers the financial sector, with a focus on insurance, to transform and become digital, innovative, and agile. Backed by more than 40 years of industry expertise, Sapiens offers a complete insurance platform, with pre-integrated, low-code solutions and a cloud-first approach that accelerates customers’ digital transformation. Serving over 600 customers in 30 countries, Sapiens offers insurers across property and casualty, workers’ compensation, and life markets the most comprehensive set of solutions, from core to complementary, including Reinsurance, Financial & Compliance, Data & Analytics, Digital, and Decision Management. For more information visit https://sapiens.com or follow us on LinkedIn.
About Hollard Group Risk
Hollard Group Risk (HGR) is a division of Hollard Life Insurance Company Limited. HGR is an independent specialist risk manager that provides a comprehensive range of flexible risk benefit solutions to employer and affinity groups, both locally and internationally. For more information, visit https://hollardgrouprisk.com/.
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