Cyprus-based life insurer EuroLife has selected Sapiens ALIS insurance software for all its life, investment and health business lines.

The platform will support EuroLife’s complete policy lifecycle t oreplace the company’s legacy environment.

EuroLife operations manager Savvas Sideras said: "We selected Sapiens because of the rich business functionality of its software and the professionalism and quality of the personnel.

Henry Ainouze, vice president, regional business and operations at Sapiens, commented: "We look forward to working closely with EuroLife to help them meet their goals of delivering the highest quality customer experience, while continuing to reduce costs and increase efficiencies."

EuroLife is a subsidiary company of the Bank of Cyprus Group and holds a market share of over 27%.

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By GlobalData