The collaboration between Pioneer and Sapiens represents a significant milestone for Pioneer as it upgrades its operations, scales its capabilities, and embraces digitalization to stay competitive in the insurance industry. This partnership will enhance core processes with advanced technology to better meet evolving market demands.
Lorenzo Chan, President and CEO of Pioneer Inc., the holding company of the Pioneer companies, stated that Sapiens’ comprehensive platform will accelerate product development, automate workflows, and improve customer experiences. This partnership highlights Pioneer’s commitment to delivering innovative insurance solutions and improving operational efficiency.
Roni Al-Dor, President and CEO of Sapiens, expressed pride in partnering with Pioneer, a leading insurer in the Philippines, to support their growth goals and enhance customer experiences through automation and digitalization. This collaboration positions Pioneer as a regional innovator in the insurance market.
Pioneer Insurance and Surety Corporation has been serving Filipinos with innovative insurance solutions for 70 years, earning a reputation for leadership in the non-life industry. Sapiens International Corporation is a global leader in intelligent insurance software solutions, empowering insurers with operational excellence in a rapidly changing marketplace.
For more information on Pioneer Insurance and Surety Corporation, visit https://pioneer.com.ph/. To learn more about Sapiens, visit https://sapiens.com. Investor and media inquiries can be directed to Yaffa Cohen-Ifrah, Sapiens Chief Marketing Officer and Head of Investor Relations.
Forward-looking statements in this press release discuss future events and are subject to risks and uncertainties. While based on reasonable assumptions, actual results may differ if underlying assumptions prove incorrect or risks materialize. Please review the risks outlined in the “Risk Factors” section of our upcoming Annual Report on Form 20-F for the year ending December 31, 2023. These risks could significantly impact actual results compared to the forward-looking statements. While we consider our expectations in these statements to be reasonable, we cannot guarantee that future results will align with them. We do not commit to updating forward-looking statements unless required by law.
Remember, forward-looking statements are not predictions of future events. Your understanding of the risks discussed in the Annual Report is crucial for an accurate assessment of potential outcomes. Stay informed and make well-informed decisions based on the information provided.
We encourage you to explore the details in our Annual Report to gain a comprehensive understanding of the factors that could influence our performance in the future. Stay tuned for the filing of the report to access valuable insights into our business operations and potential challenges ahead.
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SOURCE Sapiens International Corporation
