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DirectAsia.com Insurance Goes Live With Sapiens IDIT in Hong Kong
REHOVOT, Israel, May 22, 2012/PRNewswire-FirstCall/ --
Sapiens International Corporation N.V. [http://www.sapiens.com ] (NASDAQ and TASE:
SPNS), a global provider of innovative insurance software solutions, announces today the
successful go-live of Sapiens IDIT Software Suite at DirectAsia.com Hong Kong. This
deployment follows the successful implementation of IDIT software suite at DirectAsia.com
Singapore, in June 2010.
(Logo:
http://photos.prnewswire.com/prnh/20120508/531104 )
DirectAsia.com is planning to further expand its footprint into other countries in the
region, leveraging the power of IDIT web-based direct insurance software
[http://www.idit-technologies.com/category/direct_insurance ], which is built on modern
Service Oriented Architecture (SOA). DirectAsia.com was awarded the CELENT Worldwide Model
Insurer Award 2012 for changing the way automobile insurance is sold. This was possible
due to their deployment of the IDIT Software Suite.
DirectAsia.com [http://www.directasia.com ] is a member of Whittington
[http://www.whittingtoninsurance.com ], an international insurance investment and service
business, headquartered in Singapore. The company is dedicated to providing bespoke and
innovative solutions to the insurance industry. DirectAsia.com was formed to challenge the
existing agency-based personal lines insurance industry in Asia.
"We are very satisfied with the smooth launch of our Hong Kong operations," said Simon
Birch, CEO of DirectAsia.com. "We are looking forward to our further development in the
region, confident in our excellent relationship with IDIT and their innovative software
solutions."
"DirectAsia.com Hong Kong can now realize the benefits of a comprehensive direct
insurance policy processing platform, yielding extended value from their investment," said
Yoel Amir, President, Non-Life/General Insurance at Sapiens. "This deployment follows the
successful implementation of IDIT in DirectAsia.com Singapore, and we look forward to
continue helping the DirectAsia.com group of companies to increase their competitive
advantage in this dynamic marketplace."
"Our partnership with DirectAsia.com is an important step in the implementation of our
growth as a global vendor of innovative insurance software solutions," said Roni Al-Dor,
President and CEO of Sapiens. "We look forward to providing our award winning insurance
technology solution to expedite our global reach in the region."
About Sapiens International
Sapiens International Corporation (NASDAQ and TASE: SPNS) is a global provider of
innovative software solutions for the insurance industry. We offer end-to-end solutions
for the Life & Pension, Property & Casualty, and Reinsurance markets. We serve over 75
insurance customers, backed by a team of over 700 insurance experts, operating through
fully-owned subsidiaries in North America, the United Kingdom, EMEA and Asia Pacific.
Visit: http://www.sapiens.com
Except for historical information contained herein, the matters set forth in this
release are forward-looking statements that are dependent on certain risks and
uncertainties, including such factors, among others, as market acceptance, market demand,
pricing, changing regulatory environment, changing economic conditions, risks in new
product and service development, the effect of the Company's accounting policies, specific
system configurations and software needs of individual customers and other risk factors
detailed in the Company's SEC filings.
Contact:
Osnat Segev-Harel, CMO
Sapiens International
Tel: +972-8-938-2721
Email: osnat.se@sapiens.com
Investor Relations Contact:
Roni Giladi, CFO
Sapiens International
Tel: +972-8-9382721
E-mail: roni.g@sapiens.com
or
James Carbonara, Regional Vice President
Hayden IR
Office: +1-646-755-7412
James@haydenir.com
Photo:
http://photos.prnewswire.com/prnh/20120508/531104
Source: Sapiens International Corporation N.V.
DirectAsia.com Insurance Goes Live With Sapiens IDIT in Hong Kong
REHOVOT, Israel, May 22, 2012/PRNewswire-FirstCall/ --
Sapiens International Corporation N.V. [http://www.sapiens.com ] (NASDAQ and TASE:
SPNS), a global provider of innovative insurance software solutions, announces today the
successful go-live of Sapiens IDIT Software Suite at DirectAsia.com Hong Kong. This
deployment follows the successful implementation of IDIT software suite at DirectAsia.com
Singapore, in June 2010.
(Logo:
http://photos.prnewswire.com/prnh/20120508/531104 )
DirectAsia.com is planning to further expand its footprint into other countries in the
region, leveraging the power of IDIT web-based direct insurance software
[http://www.idit-technologies.com/category/direct_insurance ], which is built on modern
Service Oriented Architecture (SOA). DirectAsia.com was awarded the CELENT Worldwide Model
Insurer Award 2012 for changing the way automobile insurance is sold. This was possible
due to their deployment of the IDIT Software Suite.
DirectAsia.com [http://www.directasia.com ] is a member of Whittington
[http://www.whittingtoninsurance.com ], an international insurance investment and service
business, headquartered in Singapore. The company is dedicated to providing bespoke and
innovative solutions to the insurance industry. DirectAsia.com was formed to challenge the
existing agency-based personal lines insurance industry in Asia.
"We are very satisfied with the smooth launch of our Hong Kong operations," said Simon
Birch, CEO of DirectAsia.com. "We are looking forward to our further development in the
region, confident in our excellent relationship with IDIT and their innovative software
solutions."
"DirectAsia.com Hong Kong can now realize the benefits of a comprehensive direct
insurance policy processing platform, yielding extended value from their investment," said
Yoel Amir, President, Non-Life/General Insurance at Sapiens. "This deployment follows the
successful implementation of IDIT in DirectAsia.com Singapore, and we look forward to
continue helping the DirectAsia.com group of companies to increase their competitive
advantage in this dynamic marketplace."
"Our partnership with DirectAsia.com is an important step in the implementation of our
growth as a global vendor of innovative insurance software solutions," said Roni Al-Dor,
President and CEO of Sapiens. "We look forward to providing our award winning insurance
technology solution to expedite our global reach in the region."
About Sapiens International
Sapiens International Corporation (NASDAQ and TASE: SPNS) is a global provider of
innovative software solutions for the insurance industry. We offer end-to-end solutions
for the Life & Pension, Property & Casualty, and Reinsurance markets. We serve over 75
insurance customers, backed by a team of over 700 insurance experts, operating through
fully-owned subsidiaries in North America, the United Kingdom, EMEA and Asia Pacific.
Visit: http://www.sapiens.com
Except for historical information contained herein, the matters set forth in this
release are forward-looking statements that are dependent on certain risks and
uncertainties, including such factors, among others, as market acceptance, market demand,
pricing, changing regulatory environment, changing economic conditions, risks in new
product and service development, the effect of the Company's accounting policies, specific
system configurations and software needs of individual customers and other risk factors
detailed in the Company's SEC filings.
Contact:
Osnat Segev-Harel, CMO
Sapiens International
Tel: +972-8-938-2721
Email: osnat.se@sapiens.com
Investor Relations Contact:
Roni Giladi, CFO
Sapiens International
Tel: +972-8-9382721
E-mail: roni.g@sapiens.com
or
James Carbonara, Regional Vice President
Hayden IR
Office: +1-646-755-7412
James@haydenir.com
Photo:
http://photos.prnewswire.com/prnh/20120508/531104
Source: Sapiens International Corporation N.V.