Sapiens International Corporation (NASDAQ: SPNS) (TASE: SPNS) said it has begun the migration of Wesleyan Assurance Society's legacy portfolios to Sapiens' Closed Book
He revealed: "The waves can pass through a closed book
but are sensitive enough to see the writing on each page.
In parallel, we will work with our clients to create new business processing services, based on NaviSys technology and Accenture's global sourcing assets, to help life insurers reduce operating costs on closed books
of business and on open books.
Closed Books INSIGHT Functionality and Products Profile
Nasdaq and TASE:SPNS) today announced a broadening of their relationship with Liverpool Victoria, the UK's largest friendly society (a), with the award of a further contract to migrate another 400,000 of the company's unit-linked policies onto its Closed Books INSIGHT solution.
Closed Books INSIGHT has assisted Liverpool Victoria in restructuring their business processes and reducing their cost base.
Whilst Closed Books INSIGHT is already rich in process functionality, the migration of this additional book will broaden the solution's capabilities, enabling it to process traditional with-profits products while adding new products, such as: unitised with-profits, unit-linked, pensions and life products.
Nasdaq:SPNS), a global IT solutions provider, today announced the implementation of a multi-million dollar Closed Books Solution for Liverpool Victoria Friendly Society Limited, one of the UK's foremost suppliers of insurance and financial services.
It is fully integrated with the company's other essential systems, and now provides Liverpool Victoria with a low-cost efficient platform for all its existing and future Closed Books.
Insurance organizations are seeking solutions to automate their business processes and integrate their diverse systems so they can better track and control expenses, especially for Closed Books where they are no longer generating new revenue, and the main issue is cost of ownership
It's time to crack wide open the closed books
of other market participants," said Mr.
M2 EQUITYBITES-March 11, 2015-Wesleyan implements Sapiens' Closed Book
Teeuwen clearly recognises that a collection of commentaries cannot be a closed book
, but rather something more akin to a growing organism, whose component parts have been invented, borrowed, and transcribed (sometimes inaccurately) by many hands.