October 16, 2012

Seeking to achieve greater product speed to market and improve service to policyholders and plan administrators, the Trustmark Companies (Lake Forest, Ill.) have selected Sapiens' ALIS policy administration system to support Trustmark's Voluntary Benefit Solutions business.

Trustmark decided that Sapiens offering best met the company's long-term strategic objectives after an extensive evaluation process including several leading system providers, we concluded that Sapiens ALIS was best suited to meet our long-term strategic objectives, according to Trustmark senior VP Alex Moral. We were impressed with Sapiens ALIS’s rich functionality to support Voluntary Benefits Solutions. We are excited about the opportunity to increase efficiency and substantially improve our business model. We also were very impressed with the Sapiens team and their commitment to the insurance and worksite markets.”

[For more on policy admin, see Filling the Gaps in Package Policy Admin Systems.]

Trustmark, which is Sapiens' seventh U.S.-based customer and 26th ALIS customer world-wide, provides what the company calls a full spectrum of flexible benefit solutions, including benefits administration, payroll-deducted voluntary products, group medical benefits, and health and fitness management programs. Trustmark subsidiaries and operating divisions include CoreSource, HealthFitness, Starmark, Trustmark Employer Medical, and Trustmark Voluntary Benefit Solutions. Trustmark Voluntary Benefit Solutions specializes in voluntary benefits including universal life, critical illness, disability and accident policies. Trustmark answers coverage needs for employees nationwide, and is backed by nearly 100 years serving this market.

ABOUT THE AUTHOR
Anthony O'Donnell has covered technology in the insurance industry since 2000, when he joined the editorial staff of Insurance & Technology. As an editor and reporter for I&T and the InformationWeek ...