Sapiens insight™ for property & casualty drives Onebeacon’s new segmented personal insurance products
Sapiens’ Business Rules Web-enabled Solution Means Speed to Market
April 12, 2005
Research Triangle Park, N.C., (April 12, 2005) - Sapiens International Corporation, N.V. (NASDAQ and
TASE: SPNS), today announced live production of its innovative policy administration solution, Sapiens
INSIGHTTM for Property & Casualty, at OneBeacon Insurance Group for its Personal Lines business. This
deployment follows the successful implementation of the Commercial Lines module of the same application
for OneBeacon’s Small Business segment in 2003. This event represents another successful milestone for
OneBeacon’s delivery of cost effective, flexible product and technology platforms to support its various lines
of insurance. Moreover, OneBeacon’s Personal Lines group achieved its business goal of quickly bringing
highly segmented insurance products to market, thereby enhancing the company’s foundation for growth and
more effectively servicing its independent agency partners and policyholders.
Sapiens INSIGHT™ for Property & Casualty is a Web-based, integrated Personal and Commercial lines
policy administration solution, built with Sapiens’ eMerge™ Business Rules Technology, that allows carriers
to write more profitable business through cost and risk reduction and to serve customer needs more
completely. The solution allows insurers to quickly react in today’s fast-paced business environment by
providing business rule management and insurance product configuration capabilities that help carriers “go
live” more quickly. By using both ISO-based and proprietary lines of insurance, carriers can rapidly adapt
and expand these offerings based on market opportunities.
“Our product management team has created a family of highly segmented products that we began
introducing last Spring,” said Alex Archimedes, Senior Vice President of OneBeacon Personal Lines. “So
far, our OneChoice Auto product is gaining tremendous market acceptance and praise from our independent
agents. Sapiens INSIGHT™ for Property & Casualty was a very good solution for us and critical to our
successful launch of our new products.”
"Two years ago, we embarked on a strategy to improve the processing platforms for all of our lines of
business,” said Mike Natan, CIO of OneBeacon. "We have accomplished our goals and have realized
significant improvements in service and quality, while reducing the total ownership cost of our systems. Our
internal teams partnered with the Sapiens staff and together continue to accomplish extraordinary work.”
"Sapiens is pleased to have partnered with OneBeacon in the realization of its business and technical
strategy,” said Steven Bessellieu, President of Sapiens Americas. “We are continuing our efforts to provide
the insurance industry with the most cost effective and agile solutions on the market today. When coupled
with our team’s industry expertise and dedication, our reputation for delivering innovative solutions on time
and within budget continues to grow."
About OneBeacon Insurance Group
Headquartered in Boston, Massachusetts, OneBeacon Insurance Group offers a wide range of specialty,
personal and commercial insurance products and services sold primarily through select independent agents.
OneBeacon is one of the oldest property and casualty insurers in the United States, tracing its roots to 1831
and the Potomac Fire Insurance Company. The Company’s specialty businesses provide customized
coverages to certain niche markets including ocean marine, professional liability and agribusiness, among
others. OneBeacon serves personal insurance customers and small-to-midsized businesses through a variety
of highly segmented products.
OneBeacon Insurance Group is wholly owned by White Mountains Insurance Group, Ltd. of Hamilton,
Bermuda. White Mountains' principal businesses are conducted through its subsidiaries and affiliates in the
business of property-casualty insurance and reinsurance. The company is publicly traded on the New York
Stock Exchange and the Bermuda Stock Exchange under the symbol "WTM".
About Sapiens
Sapiens International Corporation N.V. (NASDAQ and TASE: SPNS), a member of Formula Group
(NASDAQ: FORTY and TASE: FORT), is a leading global provider of proven IT solutions that modernize
business processes and enable insurance organizations to adapt quickly to change. Sapiens' innovative
solutions are widely recognized for their ability to cost-effectively align IT with the business demands for
speed, flexibility and efficiency. Sapiens operates through its subsidiaries in North America, the United
Kingdom, EMEA and Asia Pacific, and has partnerships with market leaders such as IBM and EDS. Sapiens'
clients include AXA, Liverpool Victoria, Norwich Union, OneBeacon, Principal Financial Group, Prudential,
Abbey National, ING, and Occidental Fire & Casualty among others.
For more information, please visit www.sapiens.com Except for historical information contained herein, the matters set forth in this release are forward-looking statements that are dependent on certain risks and uncertainties, including such factors, among others, as market acceptance, market demand, pricing, changing regulatory environment, changing economic conditions, risks in new product and service development, the effect of the Company's accounting policies and other risk factors detailed in the Company's SEC filings.
Contact:
Mary Onate
Sapiens Americas
Tel: +1 919-405-1588
e-Mail: mary.o@sapiens.com  
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