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Sapiens International (SPNS) delivers cutting-edge insurance software solutions powering digital transformation across global financial services. This centralized news resource provides investors and professionals with verified updates on company developments and industry leadership.
Access official press releases covering financial results, product innovations, strategic partnerships, and technology milestones. Stay informed about cloud-based platform enhancements, AI-driven decision tools, and expansion initiatives shaping the insurtech landscape.
Our curated collection ensures transparent access to regulatory filings, leadership updates, and operational achievements. All content maintains factual accuracy while avoiding speculative analysis, supporting reliable investment research and market analysis.
Bookmark this page for continuous updates on SPNS' contributions to insurance technology. Visit regularly to monitor how Sapiens' SaaS solutions and low-code platforms drive efficiency in policy administration, claims processing, and risk management worldwide.
Sapiens International has announced the acquisition of AdvantageGo, a commercial insurance software provider, to enhance its global P&C platform capabilities. The deal, valued at 43 million British pounds, strengthens Sapiens' position in the London Specialty Market and global commercial insurance segments.
Key highlights:
- AdvantageGo's underwriting workbench will be integrated into Sapiens Insurance Platform for P&C and offered as standalone
- AdvantageGo reported 15 million British pounds in revenue for 2024, with 50% recurring revenue
- Currently operating at a 9 million British pound loss due to strategic investments
- Expected to achieve double-digit growth by 2026
- Projected to become profitable and accretive to Sapiens' earnings by 2027
The acquisition addresses critical P&C industry challenges in risk assessment and management, particularly in complex specialty and commercial lines. The deal is expected to close within weeks, with AdvantageGo becoming wholly owned by Sapiens.
Sapiens International (NASDAQ: SPNS) has announced the acquisition of Candela, a leading intelligent automation company serving APAC-based insurance clients, for $22 million in cash. Candela, currently part of Azentio, generated $8 million in non-GAAP revenue for 2024 and serves 23 customers primarily in Singapore, Malaysia, Thailand, Hong Kong, and South Africa.
The acquisition, expected to close in Q2 2025, will enhance Sapiens' life product portfolio and expand its APAC presence. Candela's team of over 100 employees, mainly based in Bangalore, India, brings nearly 30 years of industry expertise. The integration will strengthen Sapiens Insurance Platform through Candela's Business Process Modelling and Case Management capabilities, enabling standardized processes over external legacy solutions.
The transaction is projected to be profit-accretive starting Q4 2025.
Sapiens International (NASDAQ: SPNS) has scheduled its First Quarter 2025 financial results announcement for May 8, 2025. The company will host a conference call and webcast at 9:30 a.m. Eastern Time (4:30 p.m. in Israel) to discuss the results.
Investors can participate through toll-free numbers provided for North America (1-888-642-5032), International (972-3-9180644), and UK (0-800-917-5108). A live webcast will be available on Sapiens' website, and a replay will be accessible for 90 days following the event.
Sapiens International (NASDAQ: SPNS) has announced a conditional agreement with Universal Life (Unilife), a leading Cyprus-based life and health insurer, to implement Sapiens CoreSuite for Life & Pensions. The agreement aims to modernize Universal Life's core insurance processes and support its strategic growth initiatives.
The implementation will replace Universal Life's legacy systems with Sapiens' end-to-end solution to enhance operational efficiency in policy administration, claims processing, and billing operations. The project includes Sapiens Cloud Services to provide secure and flexible infrastructure support.
Universal Life selected Sapiens after a comprehensive evaluation, citing the company's strong regional presence and ability to deliver integrated solutions. The CoreSuite for Life & Pensions is a SaaS solution offering enhanced digital capabilities for managing both individual and group life and pension products.
Sapiens International (NASDAQ: SPNS) has announced the release of StatementPro Multi-Company Operations (MCO), enhancing its Financial & Compliance software solution. The new feature streamlines statutory reporting processes for insurance companies by enabling simultaneous actions across multiple statements and companies.
The MCO enhancement includes a Filing Period Setup Wizard that allows users to create and schedule all statements for the next filing period in one operation, potentially saving weeks of staff productivity annually. This development is particularly significant as more than half of National Association of Insurance Commissioners (NAIC) reporting entities belong to company groups.
The upgrade aims to address challenges in preparing statements across group companies, reducing manual repetitive actions like printing, importing, exporting, and attaching schedules for multiple entities. Sapiens plans to further enhance MCO with automated NAIC filings and standardized response capabilities across statements.
Sapiens International (NASDAQ: SPNS) has announced significant updates to its IllustrationPro and ApplicationPro solutions for life and annuity insurers. The enhanced IllustrationPro, a recent recipient of Celent's Luminary Award and two XCelent Awards, introduces advanced premium and face amount search capabilities, alongside a new Report Editor for IT-independent report modifications.
The upgraded ApplicationPro features new capabilities including Manager Review for compliance, AI-driven risk detection, and improved API integrations. These enhancements aim to accelerate underwriting, reduce errors, and streamline agent workflows.
IllustrationPro is a cloud-based solution supporting over 4,500 calculations for life, health, and annuity insurance, while ApplicationPro functions as a web-based eApp solution that reduces time-to-issue and eliminates Not in Good Order (NIGO) applications.
Sapiens International (NASDAQ: SPNS) announced that a major U.S. multi-line insurer has expanded their partnership by selecting the Sapiens Insurance Platform for Life & Annuities. The platform includes CoreSuite for Life & Annuities, DataSuite, and Cloud Services.
The implementation represents one of Sapiens' fastest CoreSuite deployments, building upon a decade-long relationship where the insurer has been using Sapiens UnderwritingPro. The new platform will enable seamless integration with the insurer's digital layer through robust APIs, facilitating more efficient customer acquisition.
The solution provides configurable features that enhance product agility and streamline operations, while delivering data-driven insights into agent and customer behavior. This implementation aims to support predictive analytics and improve business retention strategies through the integrated platform's AI-based capabilities.
Sapiens International (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, has announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2024, with the U.S. Securities and Exchange Commission (SEC).
The annual report, which includes the company's audited financial statements, is accessible through the SEC's website and Sapiens' investor relations portal. Shareholders can request a free hard copy of the complete annual report by contacting the company's Chief Marketing Officer and Head of Investor Relations.
Sapiens International (NASDAQ: SPNS) has announced two dividend distributions totaling $36.9 million. The company declared a regular semi-annual cash dividend of $0.30 per share ($16.8 million) based on second-half 2024 results, plus a special cash dividend of $0.36 per share ($20.1 million).
The regular dividend aligns with Sapiens' policy of distributing up to 40% of annual non-GAAP net income semi-annually. Both dividends will be paid on April 16, 2025, to shareholders of record as of April 7, 2025, subject to 25% Israeli tax withholding.
The company reported strong performance in H2 2024, with revenue growth in North America and Europe. Management expressed confidence in continued market strength and cash generation potential.
Sapiens International (NASDAQ: SPNS) announced that Hiscox UK has successfully migrated to the Sapiens Insurance Platform on Sapiens Cloud. The strategic migration from Microsoft Azure has resulted in an average 30% improvement in application speed, enhancing operational productivity and service delivery.
Hiscox, a Sapiens partner since 2014, can now leverage a modern API layer through Sapiens' cloud-native architecture powered by Kubernetes. This enables improved integration with best-of-breed solutions for rating, rules, and document management, along with extended digital trading capabilities.
The platform upgrade provides Hiscox with enhanced capabilities for commercial lines and private clients with significant assets, supporting their strategic goals for business growth and operational excellence.
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