Sapiens International Corporation (NASDAQ:SPNS), a leading global provider of software solutions for the insurance industry, today announced a conditional agreement with Universal Life (Unilife), a prominent life and health insurer in Cyprus.
The collaboration will see Unilife implement Sapiens CoreSuite for Life & Pensions to modernize its core insurance processes and support its strategic growth ambitions.
The intended partnership aims to replace Unilife's legacy systems with Sapiens' modern and scalable solution.
This upgrade is expected to significantly enhance Unilife's operational efficiency and accelerate its ability to introduce innovative products to the market.
By leveraging the comprehensive capabilities of Sapiens CoreSuite, Unilife intends to streamline critical operations, including policy administration, claims processing, and billing.
The integration will also utilize Sapiens Cloud Services, offering a secure and flexible infrastructure to support Universal Life's strategic growth initiatives.