Guardian Financial Announces $700,000 Sapiens Contract

The British life insurer will use the vendor's core systems platform.

Uxbridge, England-based life insurer Guardian Financial has signed a $700,000 contract with Sapiens, which is headquarted in Rehovot, Israel but has an office in Uxbridge.

Not affiliated with the U.S. company by the same name, Guardian Financial Services is owned by Cinven, a British private equity firm who acquired the company from AEGO to make an entry into the UK closed life market.

"Our commitment to the financial services and insurance market is undisputed, as we help our customers manage their core business with our solutions," said Sapiens president Roni Al-Dor. "We are proud to continue and service Guardian Financial Services as our customer and help them achieve their business goals."

Nathan Golia is senior editor of Insurance & Technology. He joined the publication in 2010 as associate editor and covers all aspects of the nexus between insurance and information technology, including mobility, distribution, core systems, customer interaction, and risk ... View Full Bio