Insurance

Mindtree and Sapiens Announce Partnership to Digitally Transform the Insurance Industry

“We are delighted to partner with Mindtree in the P&C and life and annuity markets. Our experience in the benefits industry and digital transformation will further strengthen our delivery capabilities and scale, which will drive continued growth and customer satisfaction,” said Jamie Yoder, President and CEO North America at Sapiens. “Together, we will give insurers the competitive edge needed to meet market demands and succeed in the digital age of insurance.”

“Our partnership with Sapiens underscores our longstanding commitment to innovation,” said Mukund Rao, Commercial Director for Banking, Financial Services and Insurance at Mindtree. “Digital technologies have opened up a significant opportunity for banks, financial services and insurance companies to not only streamline processes, but also to create new business and operating models centered around engaging and disruptive experiences. The combined forces from Mindtree and Sapiens will enable these companies to maximize digital transformation and business outcomes.”

Sapiens comprehensive set of P&C, L&A, and banking offerings enable customers to improve operational efficiency, expand revenue streams, and increase customer engagement and satisfaction through digital experiences and omnichannel. Sapiens CoreSuite enables property and casualty insurers to rapidly deploy cloud-based core systems, including business intelligence, reinsurance and portal solutions for all lines of business.

By combining Sapiens knowledge gained through years of engagements with clients around the world with Mindtree’s industry-leading digital implementation processes and global scale, the two companies will help clients reduce risk and accelerate implementations and integrations.

About Sapiens

Sapiens International Corporation (NASDAQ: SPNS) and (TASE: SPNS) are enabling the financial industry, with a focus on insurance, to transform and become digital, innovative and agile. Leveraging over 40 years of industry expertise, Sapiens offers a comprehensive insurance platform, with pre-integrated low-code solutions and a cloud-first approach that accelerates customers’ digital transformation. Serving more than 600 customers in 30 countries, Sapiens offers insurers in the property and casualty, workers’ compensation and life insurance markets the most comprehensive set of solutions, from core to complementary , including reinsurance, finance and compliance, data and analytics, digital and decision management. For more information, visit www.sapiens.com or follow us on LinkedIn.

About Mindtree

Mindtree (NSE: MINDTREE) is a global technology consulting and services company that enables companies across industries to achieve superior competitive advantage, customer experience and business results by leveraging digital and cloud technologies. The digital transformation partner of more than 275 of the world’s most pioneering companies, Mindtree brings deep domain, technology and consulting expertise to help reinvent business models, accelerate innovation and maximize growth. As a socially and environmentally responsible company, Mindtree focuses on growth as well as sustainability in creating long-term value for stakeholders. Powered by more than 35,000 talented and enterprising professionals in 24 countries, Mindtree, a Larsen & Toubro company, is consistently recognized as one of the best places to work. To learn more, please visit www.mindtree.com or @Mindtree_Ltd.

For more information contact: [email protected].

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SOURCE Mindtree