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ALEXANDER FORBES SELECTS SAPIENS AS PARTNER FOR ITS MODERNISATION PROGRAMME

Alexander Forbes, the pan-African financial services group, has selected Sapiens for its full complement of world class solutions under a single delivery organisation

Holon - April 6, 2017 – Sapiens International Corporation (NASDAQ and TASE: SPNS), a leading global provider of software solutions for the insurance industry, and Alexander Forbes Group Holdings Ltd (JSE: AFH), a leading pan-African financial services leader, have entered into a material agreement intended to enhance the delivery of Alexander Forbes’ client experience and solutions. Sapiens expects to generate significant revenues pursuant to the new agreement in each of 2017, 2018 and 2019.

The core systems – Sapiens ALIS for life and pensions, and Sapiens IDIT and Sapiens Reinsurance for short term insurance – together with the Sapiens PORTAL, Sapiens INTELLIGENCE and Sapiens DECISION for...

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