(The Oak Brook Hills resort in Mutual Trust Life’s home city. Source: Hilton Chicago/Oak Brook Hills Resort.)
In the first step of multi-phased transformation initiative to modernize its technical infrastructure, Mutual Trust Life (MTL), a Pan-American Life Insurance company based in Oakbrook, Ill., has deployed the Sapiens (Holon, Israel) ALIS policy administration system to support its life insurance business. The launch includes the roll-out of the Sapiens ALIS Agent and Commission module to manage MTL’s sales and distribution network.
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 vendor reports.
“The ALIS system was the right choice for our modernization initiative,” comments Steve Batza, president and CEO, MTL. “Sapiens ALIS provides us with the functionality and flexibility to more efficiently process our business and support our growth plans. The continued focus and commitment of Sapiens’ team of skilled professionals were crucial in helping us to achieve the critical first phase of this complex project.”
Structured and Deliberate Approach
“We thank MTL for the opportunity to work closely with its team through every step of the implementation,” comments Ron Karam, president of Sapiens’ North America Retirement Services and Insurance division. “Introducing a new policy administration system is one of the more challenging initiatives an insurance company will face when modernizing its infrastructure. MTL’s structured and deliberate approach to this challenge was a key to the project’s success.”
“We are excited to have achieved this important milestone with MTL,” adds Roni Al-Dor, president and CEO of Sapiens. “Sapiens is pleased that MTL is already deriving tangible value from Sapiens ALIS and we look forward to continuing to work with the MTL team as they expand the use of the system.”