StockNews.AI
SPNS
StockNews.AI
202 days

American Armed Forces Mutual Aid Association Simplifies Insurance Application Processes Through Sapiens Implementation

1. AAFMAA implements Sapiens software for insurance processes. 2. The upgrade simplifies insurance application for military personnel. 3. Automation reduces approval times from weeks to days. 4. Sapiens' technology enhances decision-making for insurance applicants.

5m saved
Insight
Article

FAQ

Why Bullish?

The partnership with AAFMAA indicates increasing adoption of Sapiens technology, which can drive revenue growth.

How important is it?

The article highlights a significant contract that may enhance SPNS's market presence.

Why Short Term?

Initial revenue from the AAFMAA contract may result in immediate financial impacts.

Related Companies

SPNSAAFMAA
FT. MYER, Va., Jan. 29, 2025 (GLOBE NEWSWIRE) -- The American Armed Forces Mutual Aid Association (AAFMAA), the nation’s longest-standing nonprofit financial solutions provider for the military community, today announced that it has implemented the Sapiens ApplicationPro, IllustrationPro, UnderwritingPro and DataSuite, to simplify its life insurance application, enrollment and underwriting process for active-duty servicemembers, Veterans, and their families. AAFMAA has upgraded its systems with Sapiens solutions to better serve its Members by making the important insurance decision-making process faster and easier for them. AAFMAA offers a variety of term and whole life insurance policies designed to meet the unique needs and circumstances of members of the military community. The Sapiens system presents applicants with appropriately tailored options side-by-side and the incorporation of automation dramatically shortens the application review cycle for complex cases, reducing approvals or other decisions from weeks to just a few days. “Our Members and their families will see incredibly helpful improvements to our insurance procurement platform, thanks to our partnership with Sapiens,” said Jerry Quinn, AAFMAA Chief Operating Officer. “Making decisions about insurance isn’t just important, it’s also quite complicated; sometimes our Members find themselves unsure of how to even begin the process. With Sapiens’ technology, that complicated process has become much simpler.” “We admire AAFMAA’s mission and are thrilled that the implementation of our technology is helping their team provide military servicemembers and their families with their necessary insurance needs,” said Roni Al-Dor, Sapiens President and CEO. “We look forward to hearing more about how our technology is making the process of obtaining insurance easier for their Members.” To get started on protecting your family more easily with life insurance or for more information, members of the military community can visit aafmaa.com. About AAFMAA The American Armed Forces Mutual Aid Association (AAFMAA) is the longest-standing nonprofit financial solutions provider that empowers the military community with affordable financial solutions, including always-affordable life insurance, expert investment management, and customized residential mortgages. Follow the organization on X, Facebook and LinkedIn.  AAFMAA Media Contact:FischTank PRaafmaa@fischtankpr.com About Sapiens  Sapiens International Corporation (NASDAQ and TASE: SPNS) is a global leader in intelligent insurance software solutions. With Sapiens’ robust platform, customer-driven partnerships, and rich ecosystem, insurers are empowered to future-proof their organizations with operational excellence in a rapidly changing marketplace. We help insurers harness the power of AI and advanced automation to support core solutions for property and casualty, workers’ compensation, and life insurance, including reinsurance, financial & compliance, data & analytics, digital, and decision management. Sapiens boasts a longtime global presence, serving over 600 customers in more than 30 countries with its innovative SaaS offerings. Recognized by industry experts and selected for the Microsoft Top 100 Partner program, Sapiens is committed to partnering with our customers for their entire transformation journey and is continuously innovating to ensure their success.  

Related News