Sapiens | July 01, 2021
Sapiens International Corporation, a leading global provider of insurance software solutions, announced the availability of two new cloud-native components of its DigitalSuite, a dynamic, digital engagement and enablement platform that helps insurers accelerate their digital transformation: Sapiens Journey and Form Composer. Sapiens Journey & Form Composer, created and developed especially for the insurance market by some of the industry's top digital specialists, can be deployed as a stand-alone solution or as part of a full digital enablement program.
Sapiens Journey & Form Composers enable business users to introduce and manage current journeys and workflows and design and build new ones without writing code. Simple drag-and-drop, low-code functionality, and a library of widgets and components enable insurers to cut costs and speed time to market without relying on IT personnel. In addition, the modules are very user-friendly, graphic, clear, and easy to publish.
Sapiens Journey Composer allows insurers to digitize their existing journeys to improve every stage of the insurance lifecycle for consumers and internal users. Sapiens Form Composer digitizes documentation and forms, allowing insurers to rapidly change journeys by converting conventional PDFs into new digital formats. Together, they can improve existing client journeys while also developing new ones in new businesses or for new lines of insurance. In addition, the modules provide insurers the tools they need to quickly configure and deploy new products, easily integrate data sources, and eliminate costly IT resources, allowing them to control the process of intuitive journey management and creation fully.
Sapiens DigitalSuite's modular, cloud-native components can be connected with insurers' existing technology landscape to build new, digitally native journeys, reinvent consumer experience using new technologies, or cater to new lines of business. Sapiens DigitalSuite's open architecture and seamless connection through advanced APIs, the insight of data-driven business processes, and the agility of a cloud-native environment allow a fast entry into new markets.
Sapiens International Corporation enables insurers to thrive in this ever business. Sapiens provides digital software platforms, solutions, and services to the property and casualty, life, pension and annuity, reinsurance, financial and compliance, workers' comp, and financial markets. Sapiens has over 35 years of experience delivering to over 600 companies worldwide, demonstrating a proven ability to meet clients' core systems, data, and digital requirements.
Midwest Holding Inc. | January 13, 2022
Midwest Holding Inc. (NASDAQ: MDWT), a technology-enabled, services-oriented annuity platform, announced today that its subsidiary American Life & Security (ALSC) will begin offering exclusively to American Life's Fixed Index Annuity policy holders the Goldman Sachs Xenith Index.
The Goldman Sachs Xenith Index is a multi-asset strategy that uses the anticipated macro regime, as identified by a leading economic indicator, to make asset allocations. By using a leading economic indicator, the Goldman Sachs Xenith Index differs from indices that rely on a backward-looking methodology alone. Instead of relying purely on the S&P 500 Index for exposure to U.S. equities, the index employs an intraday overlay that can reduce equity exposure based on intra-day trading "signals". As a result, the strategy incorporates real-time market movements, in addition to other factors, in its rules-based methodology.
Depending on the prevailing market regime, the Goldman Sachs Xenith Index also provides commodity exposure by switching between copper and gold based on anticipated economic growth. In addition, regardless of the economic regime, the Goldman Sachs Xenith Index provides constant exposure to a long-short strategy taking positions on different points of the commodity curve in an attempt to capture performance that may be less correlated to other asset classes.
"The Goldman Sachs Xenith Index is quite meaningful to Midwest Holding and American Life as we are one of just a few select insurance providers offering this type of index. We are glad to be positioned front and center, as we collectively bring a new opportunity with strong potential to our investors,"
- Midwest Holding President and Chief Investment Officer Mike Minnich.
"Goldman Sachs is pleased to license the Goldman Sachs Xenith Index to American Life & Security. This is our first index licensing engagement with American Life and we are excited about working with their team"
- Pratik Pareek, Head of Insurance Equity Derivative Sales at Goldman Sachs.
About Midwest Holding Inc.
Midwest Holding Inc. is a technology-enabled, services-oriented annuity platform. Midwest designs and develops in-demand life and annuity products that are distributed through independent distribution channels, to a large and growing demographic of U.S. retirees. Midwest originates, manages and transfers these annuities through reinsurance arrangements to asset managers and other third-party investors, who are actively seeking these financially attractive products. Midwest also provides the operational and regulatory infrastructure and expertise to enable asset managers and third-party investors to form, capitalize and manage their own reinsurance capital vehicles.
About American Life & Security Corp.
American Life & Security Corp. is a wholly owned subsidiary of Midwest Holding Inc. In 2018, the company was recapitalized and reimagined by a team of seasoned insurance, technology and investment experts with a new purpose - build a platform on modern technology with simplicity, transparency and cost efficiency to remedy inefficiencies in the life and annuity industry.
Azentio Software | February 17, 2022
Azentio Software ("Azentio"), a Singapore-headquartered technology firm owned by funds advised by Apax Partners, announced that it has won the InsureTek Core Transformation Leader of the Year Award 2022. The award was presented during the InsureTek Middle East 2022 International Conference and Golden Shield Excellence Awards ceremony, at the Address Dubai Marina, UAE, on February 9 &10.
InsureTek's Awards recognise leading companies from within the sector that are helping the insurance industry evolve. The InsureTek Core Transformation Leader of the Year category is created to recognise technology innovations, digital solutions, rich product functionality, customer value, lines of business supported, implementation methodology, pricing, and support services. Across all these facets, Azentio Software has been especially deserving.
"We are very pleased to see Azentio Software win the InsureTek Core Transformation Leader of the Year award. This incredible industry validation reaffirms the trust our clients have in our software and is therefore a powerful driver to keep on investing in our Insurance platform. Further, this recognition reflects our client-centric approach and commitment to bring the best of emerging technologies which enable our clients to be future-ready,"
- Vipul Sud, Head – Insurance at Azentio Software.
Azentio's Insurance Suite is a fully developed, highly configurable, and multi-line administration suite, with configurable ratings and business rules engines that can help meet the industry's most stringent requirements. It enhances the speed for standard transactions by fast-tracking them with automation and straight-through processing. More than 250 leading insurers across the globe have adopted Azentio Insurance Suite to transform their businesses using innovative technology for improved operating models, better premium growth, customer retention and profits.
About Azentio Software
Azentio Software provides mission critical, vertical-specific software products for clients in banking, financial services and insurance verticals including key products such as Kastle™ (universal banking platform), iMAL™ (Islamic core banking platform), Amlock™ (compliance software suite), Premia™ Astra (core insurance software), Orion™ (enterprise resource planning software) and MFund Plus™ (asset and wealth management platform). Azentio has over 800 clients in more than 60 countries with a team of over 2,400 employees across offices in 9 countries globally.