MAPFRE MSV Life – Goes Live with Sapiens CoreSuite for Life and Pensions

MAPFRE MSV Life p.l.c. has rolled out the world-leading, cloud-based Sapiens’ CoreSuite platform, including policy administration, digital portals and advanced analytics, to enhance and expand their services

David G. Curmi, Chief Executive Officer of MAPFRE MSV Life p.l.c. stated, “we are totally focused and committed to use technology to change what it means to provide an excellent customer service. New digital tools are providing ways for insurance companies to reposition themselves as relatable, personal and conversational brands and we want to be the first to do this in the Maltese market. We are very pleased with our partnership with Sapiens International Corporation, (NASDAQ and TASE: SPNS) a leading global provider of software solutions for the insurance industry. The first phase of implementation was completed after only 15 months, despite the interruption of the Covid-19 global pandemic. This first phase will consolidate our protection business onto a single administration platform whilst the next phase will consolidate our savings, investments and pension business offering.”

Mr. Curmi added, “this project is the first of its kind in the MAPFRE Group to be wholly cloud supported by the Azure Cloud platform offering our company the highest level of flexibility, security and business continuity for our core business systems and facilitating a rapid digital transformation project.”

Luciano Anastasi, Chief Information Officer of MAPFRE MSV Life p.l.c stated, “our company has achieved considerable business success in the Maltese life market in recent years. Our continued partnership with Sapiens provides us with the necessary technology and business tools we need to rapidly scale up our activities, simplify our legacy programs and offer the best service possible to our customers. Sapiens

Core Suite for Life and Pensions will streamline our operations, integrating seven distinct systems all into one easily accessible cloud-based platform to maximize our efficiency.”

Tal Sharon, president of Sapiens Life division stated, “Sapiens is delighted to contribute to the work of MAPFRE MSV Life p.l.c. and are excited to see that the company has gone live with our life and pensions platform. Our digital solutions equip our customers with the business insights and capabilities they need to excel in an increasingly digital marketplace. We are proud to have supported MAPFRE MSV Life p.l.c. on their digital transformation journey and we look forward to many more years working closely together.”

Sapiens CoreSuite for Life & Pensions is a flagship solution designed to enable insurance providers to quickly and efficiently address the challenges of a highly regulated and increasingly competitive marketplace. The end-to-end, core solution suite supports the complete policy lifecycle across a wide variety of products in the life & pension market. Sapiens Digital Suite offers end-to-end, holistic and seamless digital experience for customers, agents, brokers, customer groups and third-party service providers. Sapiens Intelligence for Life & Pension offers providers complete analytic capabilities.