The insurer has rolled out the system for its whole and term life business, with plans to consolidate all of its life, health and annuity business onto the ALIS environment and retire its legacy policy systems.
The London-based provider of income protection to dentists in the British Isles will use ALIS to replace its legacy platform, and will use ALIS Agent and Client Portal, and integrate with OneBase Enterprise Content Management.
Enhancements to the vendor’s flagship life policy system suite includes improved group and investment capabilities, plus digital-age features: ecosystem connectivity and DevOps and configuration tools.
Sapiens ALIS’ cloud option runs on Microsoft Azure, providing insurers with a deployment option offering agility, scalability and affordability.
MTL’s transformation program includes utilizing the Sapiens ALIS platform to support all of MTL’s product offerings, including whole life, universal life, term and fixed annuities for new business and its in-force book of business.
The project, which marks the first cloud-based deployment of ALIS, includes the conversion of more than 330,000 policies.
Sapiens’ Cardiff operation is the Delivery Competency Centre for the vendor’s insurance solutions including the ALIS core insurance solution suite for life, pension, annuity and health insurance.
Enhancements to the vendor’s flagship L&A suite was designed to meet rapidly changing industry needs and deliver fast time-to-value for digital transformation, including increased product speed-to-market.
The Big Four bank’s new life insurance company chose Sapiens in part to achieve the ambitious goal of implementation by year’s end.
The Nicosia, Cyprus-based carrier anticipates greater product speed-to-market, a more flexible and lower-cost operating environment, and a holistic view of clients.