Mutual Trust Life has successfully deployed Sapiens International Corporation’s ALIS policy administration system for its life insurance business, the company announced today.
The launch is the first phase of a transformation initiative to modernize MTL's technical infrastructure. As part of that initiative, Sapiens ALIS Agent and Commission module was also rolled out to help manage MTL's sales and distribution network. Ultimately, the insurer plans to utilize the Sapiens ALIS platform to support all of its product offerings, including whole life, universal life, term and fixed annuities.
"The ALIS system was the right choice for our modernization initiative," said Steve Batza, MTL’s president and CEO, in a statement. "Sapiens ALIS provides us with the functionality and flexibility to more efficiently process our business and support our growth plans. The continued focus and commitment of Sapiens' team of skilled professionals were crucial in helping us to achieve the critical first phase of this complex project."
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