Sapiens’ Insight program is a web-enabled pension, savings, life and health insurance platform that aims to improve funds administration.
Mivtachim Pension Funds’ implementation of the product, which is scheduled for the end of 2005, will be completed in phases and will include workflow, rule based product management, insurers’ accounting, billing, collection and funds revaluation. The insurer hopes the deployment will allow it to compete better in the dynamic Israeli pension market.
According to Itzick Sharir, CEO of Sapiens: Sapiens Insight for Life & Pensions, in the future, will support over 70% of the Israeli pension market with additional implementations in the UK and plans to enter the Continental European and North American markets later in 2005.
