Clal Insurance Goes Live With Sapiens L&P Solution

"The Sapiens solution has enabled us to accelerate our growth and better serve our agents and customers to strengthen our leadership position in the pension provider market," said Izzy Cohen, CEO of Clal Insurance Enterprises Holdings Ltd.

"Sapiens' system, together with other satellite systems developed by Clalbit, allows us to serve agents, customers and employees in a professional and high quality manner. I have no doubt that that this project has positioned us on the cutting-edge of the pension market in Israel," added Gil Arazi, CEO of Clalbit Systems Ltd.

"The Israeli market is important for Sapiens and the success of the Clal Insurance implementation gives us an even stronger presence and reputation for high quality solutions and services in this region," said Roni Al-Dor, Sapiens president and CEO. "We will continue to work closely with the Clal team as they grow their business and gain new efficiencies with the Sapiens solution now in production."

About Clal 

Clal Insurance Holdings is one of the leading insurance and pension companies in Israel. The company is rated "A" by Standard & Poor's Maalot and owns insurance agencies, pension funds, provident funds, and credit services companies. As of December 2013 Clal Insurance employs about 4,200 staff and about 2,000 insurance agents. The company holds a market share of approximately 15% of the long-term savings market in Israel, as defined by the government's insurance regulator. The group's pension funds manage assets worth more than $ 41 billion for 500 Thousand members and provident funds of about $ 37 billion (as of end of September 2014).
For more information: https://www.clalbit.co.il/engir/Pages/default.aspx

About Sapiens 

Sapiens International Corporation (NASDAQ and TASE: SPNS) is a leading global provider of software solutions for the insurance industry, with an emerging focus on the broader financial services sector. Sapiens offers core, end-to-end solutions to the global general insurance, property and casualty, life, pension and annuities, reinsurance and retirement markets, as well as business decision management software. The company has a track record of over 30 years in delivering superior software solutions to more than 130 financial services organizations. The Sapiens team of over 1,000 professionals operates through our fully-owned subsidiaries in North America, the United Kingdom, EMEA and Asia Pacific. For more information: http://www.sapiens.com.

Contact
Yaffa Cohen-Ifrah
Chief Marketing Officer and Head of Corporate Communications
Sapiens International
Mobile: +1-201-250-9414
Phone: +972-3-790-2026
Email: Yaffa.cohen-ifrah@sapiens.com