Sapiens International Corporation (NASDAQ:SPNS), a leading provider of insurance industry software solutions, announced a significant milestone in its partnership with Republic Life Insurance in the Caribbean.
The collaboration marks the launch of the first fully digital, direct-to-consumer life insurance platform in the region, powered by Sapiens' CoreSuite for Life & Annuities and Digital Suite on the Microsoft Azure cloud.
This pioneering initiative enables Republic Life Insurance to offer an entirely online customer journey, from policy acquisition to servicing.
The move positions Republic Life Insurance as a disruptor in the Caribbean insurance market, leveraging Sapiens' digital platform to deliver an enhanced customer experience.