Altshuler Shaham Uses Sapiens for the Management of Pension Process

Sapiens International Corporation, a leading global provider of software solutions for the insurance industry, has announced that Altshuler Shaham Investment House one of the most important is Israel’sTo support and accelerate its rapidly expanding pension funds business, the fastest-growing providernt and pension funds has upgraded its Life and Pensions Solution. Sapiens Life and Pension platform will dramatically improve Altshuler Shaham’s business processes and operational costs. Sapiens’ platform was selected for its ability to meet Altshuler’s business needs as well as Israeli regulatory requirements.

Altshuler Shaham manages the pension assets of more than 2.4 million customers NIS 200 billion. Its steady growth will be supported by the upgrade to its pension management platform. This platform is designed to meet both Israeli regulation requirements and changing business needs. The company will be able to offer customers a more flexible, efficient and cost-effective service. Altshuler Shaham will see a significant improvement in the efficiency of its pension operations.

“We are pleased to continue our fruitful cooperation with Sapiens,”  Anat Knafo TavorAltshuler Shaham Provident Funds and Pension, CEO. “The choice of Sapiens stemmed from its rich experience in the field of pensions and technology and in Israeli local regulations. We are currently implementing the system as part of our growth strategy. It is our goal to continue leading the market for pensions. Israel.”

“Sapiens is extremely pleased to be a trusted partner of Altshuler Shaham and to empower them to achieve such outstanding growth in the pension fund market. Our 40-year industry expertise demonstrates our commitment to excellence in pension fund solutions,”  Roni Al-DorSapiens CEO and president

According to Tal SharonDirector of Sapiens Israel “We are proud of Altshuler Shaham’s choice to streamline and expand its operations with Sapiens’ advanced solutions, thus becoming a leading player in the field of pension fund management in Israel.”

Sapiens Life and Pensions and digital facilitation for pension claims offer a simplified, automated, and integrated process for all involved (the insurance company and government agencies as well as the legal representatives). The solution allows for a significant increase in straight-through processing, as well as a substantial decrease in the number of claims calls and processing time.

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