Developed as a rule-based platform for all pension products, the new software will replace the insurer’s existing legacy system.
The software, which fully complies with the local regulations and legislations, is expected to offer rich functionality and strong productivity to the insurer.
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Commenting on the deployment, Clal CEO Izi Cohen said that the company will deploy the new system in a timely manner.
"The implementation of the new system is aligned with our growth strategy and main objective to become a major player in the pension providers industry, Cohen added.
Sapiens president and CEO Roni Al-Dor said, "Clal joins a growing and an impressive portfolio of customers that have chosen to work with Sapiens, and we look forward to supporting Clal derive the highest possible value from this solution."
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