Sapiens International Corporation N.V. (NASDAQ: SPNS) has confirmed that Altshuler Shaham Investment House has improved its Life and Pensions solution to accelerate and support its fast-increasing pension funds business. Altshuler Shaham's business procedures and operating costs will be improved by the Sapiens Life and Pension platform. The Sapiens platform was chosen because it could suit both Altshuler's commercial goals and Israeli regulatory constraints.
For all parties involved, the Sapiens Life and Pensions solution and digital facilitation of pension claims provide a simpler, automated, and integrated process. Straight-through processing has improved dramatically, and claims calls and processing times have decreased significantly. Sapiens is delighted to be Altshuler Shaham's valued partner and to have helped them achieve such excellent development in the pension fund sector.
Altshuler Shaham oversees about NIS 200 billion in pension assets for 2.4 million subscribers. The company's steady expansion will be aided by the update of its pension management platform. The new platform satisfies both growing business needs and Israeli regulatory constraints, allowing the company to provide clients with even more flexibility and efficiency. Altshuler Shaham will benefit significantly from the change in terms of streamlining pension operations.
Furthermore, Altshuler Shaham is delighted to continue working with Sapiens. Sapiens was chosen because of its extensive experience in the fields of pensions and technology, as well as Israeli municipal rules. The system's deployment, which is now underway, is part of its expansion strategy, and its goal is to continue to dominate the Israeli pension market.
Additionally, Gilad Altshuler and Kalman Shaham founded Altshuler Shaham Investment House in 1990, and it now includes a group of enterprises in many disciplines of finance. Gilad Altshuler and Ran Shaham are the co-chief executives of Altshuler Shaham.