Bankers Insurance Group Selects Sapiens to Power Digital Modernization and Accelerate Strategic Growth
Sapiens International (NASDAQ: SPNS) has secured a significant partnership with Bankers Insurance Group to modernize the latter's core insurance systems. The implementation of Sapiens CoreSuite for Property & Casualty will support Bankers' strategic growth initiatives, starting with builder's risk and business owner's policy (BOP) products.
The cloud-native, SaaS-based solution will enable Bankers to transition from legacy systems to a modern platform, offering enhanced automation, improved efficiency, and accelerated time-to-market. The partnership aims to strengthen Bankers' competitive position through advanced analytics, automated decision-making, and seamless integration with insurtech ecosystems.
Sapiens International (NASDAQ: SPNS) ha siglato una partnership significativa con Bankers Insurance Group per modernizzare i sistemi core assicurativi di quest’ultima. L’implementazione di Sapiens CoreSuite per Property & Casualty supporterà le iniziative strategiche di crescita di Bankers, a partire dai prodotti builder’s risk e business owner’s policy (BOP).
La soluzione cloud-native e SaaS consentirà a Bankers di migrare dai sistemi legacy verso una piattaforma moderna, offrendo maggiore automazione, efficienza migliorata e tempi di commercializzazione ridotti. La collaborazione punta a rafforzare la posizione competitiva di Bankers grazie ad analytics avanzati, processi decisionali automatizzati e integrazione fluida con gli ecosistemi insurtech.
Sapiens International (NASDAQ: SPNS) ha asegurado una asociación importante con Bankers Insurance Group para modernizar los sistemas centrales de seguros de esta última. La implementación de Sapiens CoreSuite para Property & Casualty respaldará las iniciativas estratégicas de crecimiento de Bankers, comenzando con los productos builder’s risk y business owner’s policy (BOP).
La solución nativa en la nube y basada en SaaS permitirá a Bankers pasar de sistemas legacy a una plataforma moderna, ofreciendo mayor automatización, eficiencia mejorada y tiempos de salida al mercado más rápidos. La alianza busca fortalecer la posición competitiva de Bankers mediante analítica avanzada, toma de decisiones automatizada e integración fluida con los ecosistemas insurtech.
Sapiens International (NASDAQ: SPNS)는 Bankers Insurance Group와 주요 파트너십을 체결하여 후자의 핵심 보험 시스템을 현대화합니다. Sapiens CoreSuite for Property & Casualty 도입은 Bankers의 전략적 성장 계획을 지원하며, 우선적으로 빌더스 리스크(builder’s risk)와 비즈니스 오너스 폴리시(BOP) 제품을 대상으로 합니다.
클라우드 네이티브 SaaS 기반 솔루션은 Bankers가 레거시 시스템에서 현대적 플랫폼으로 전환하도록 하여 자동화 강화, 효율성 향상 및 시장 출시 기간 단축을 가능하게 합니다. 이 파트너십은 고급 분석, 자동화된 의사결정 및 인슈어테크 생태계와의 원활한 통합을 통해 Bankers의 경쟁력을 강화하는 것을 목표로 합니다.
Sapiens International (NASDAQ: SPNS) a conclu un partenariat important avec Bankers Insurance Group pour moderniser les systèmes centraux d’assurance de ce dernier. La mise en œuvre de Sapiens CoreSuite pour Property & Casualty soutiendra les initiatives stratégiques de croissance de Bankers, en commençant par les produits builder’s risk et business owner’s policy (BOP).
La solution cloud-native et basée sur le modèle SaaS permettra à Bankers de migrer des systèmes legacy vers une plateforme moderne, offrant une automatisation accrue, une efficacité améliorée et un délai de mise sur le marché accéléré. Ce partenariat vise à renforcer la position concurrentielle de Bankers grâce à des analyses avancées, une prise de décision automatisée et une intégration fluide avec les écosystèmes insurtech.
Sapiens International (NASDAQ: SPNS) hat eine bedeutende Partnerschaft mit Bankers Insurance Group geschlossen, um die Kernversicherungssysteme des Unternehmens zu modernisieren. Die Implementierung von Sapiens CoreSuite für Property & Casualty wird Bankers’ strategische Wachstumsinitiativen unterstützen, beginnend mit Builder’s Risk- und Business Owner’s Policy-(BOP)-Produkten.
Die cloud-native, SaaS-basierte Lösung ermöglicht Bankers den Übergang von Altsystemen zu einer modernen Plattform und bietet verbesserte Automatisierung, höhere Effizienz und verkürzte Time-to-Market. Die Partnerschaft zielt darauf ab, Bankers durch fortschrittliche Analytik, automatisierte Entscheidungsprozesse und nahtlose Integration in Insurtech-Ökosysteme wettbewerbsfähiger zu machen.
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Insights
Sapiens secured a significant client win with Bankers Insurance Group, strengthening its position in the insurance software market.
This deal represents a meaningful win for Sapiens (NASDAQ: SPNS) in the competitive insurance software market. Bankers Insurance Group's selection of Sapiens CoreSuite for Property & Casualty is strategically important as it's part of a comprehensive transformation initiative spanning multiple insurance products, beginning with builder's risk and business owner's policy (BOP) solutions.
The implementation will replace Bankers' legacy systems with Sapiens' cloud-native, SaaS-based platform - a critical transition that addresses several pain points common in the insurance industry: manual processing inefficiencies, scalability limitations, and speed-to-market constraints. This type of enterprise-wide core system replacement typically represents a multi-year, multi-million dollar contract for vendors like Sapiens.
What's particularly noteworthy is the expansion potential. The press release explicitly mentions this is just the starting point, with "additional product launches to follow" - suggesting this could be a growing account for Sapiens over time as Bankers expands into new states and product lines.
From a competitive standpoint, this win reinforces Sapiens' position against rivals like Duck Creek, Guidewire, and Majesco in the P&C insurance platform market. The emphasis on cloud-native architecture and SaaS delivery aligns with where the insurance software market is heading, as carriers increasingly prefer subscription-based models that reduce upfront capital expenditure while providing ongoing innovation.
For context, these enterprise insurance platform deals are significant because they're typically difficult to displace once implemented. Insurance core systems become deeply embedded in carriers' operations, creating high switching costs and potential for long-term recurring revenue.
The specialty commercial carrier will enhance its business by modernizing core systems with Sapiens, starting with builder's risk, business owner's policy, and then a series of new products
Bankers is embarking on an ambitious growth strategy, including expansion into new states and product lines. To support this vision, Bankers selected Sapiens CoreSuite for P&C to modernize its technology stack and help power its next chapter of growth and operational excellence – starting with builder's risk and business owner's policy (BOP), with additional product launches to follow. The partnership with Sapiens will provide a modern, scalable platform that delivers automation and improves efficiency.
"This transformation is about enabling our people and empowering our trading partners, not just upgrading systems," said Walt Sykes, President, Bankers Insurance Group. "We were looking for a flexible, modern platform to elevate the experience of those we serve and position ourselves for long-term, scalable growth. Sapiens' approach, proven expertise, and technology architecture made them the ideal partner to help bring our vision to life."
Sapiens CoreSuite for P&C will support Bankers' transition from a legacy system to a modern, end-to-end suite — allowing the company to scale efficiently, reduce manual processing, and improve service levels across the business. With advanced automation and analytics, the solution will accelerate time-to-market, enhance responsiveness to trading partners, and strengthen Bankers' ability to navigate a dynamic and competitive market.
"We are excited to partner with Bankers on their transformation journey," said Roni Al-Dor, President and CEO of Sapiens. "Our cloud-native, SaaS CoreSuite is designed to support growth initiatives of forward-thinking insurers like Bankers. It will deliver agility, ongoing innovation, and access to next-generation insurtech ecosystems, helping Bankers to remain future-ready."
Sapiens CoreSuite for Property & Casualty is a truly integrated suite to address all North American P&C insurer needs, including policy administration, billing, and claims. The solution empowers P&C insurers to quickly adjust to market and regulatory changes, evolving customer expectations, and the constant emergence of new competitors, by including a platform of automated decision, reinsurance, data and analytics, and digital applications for a completely modernized landscape.
ABOUT BANKERS INSURANCE GROUP
Bankers Insurance Group is a proud subsidiary of Bankers Financial Corporation, located in
At Bankers, we believe true value comes from empowering our customers. Our dedicated staff and agents take the time to understand each policyholder's unique needs, ensuring they receive the right coverage at the right price. Together, we deliver insurance solutions with the reliability, responsiveness, and results our customers trust and deserve.
For more information, visit https://bankersinsurance.com/.
ABOUT SAPIENS
Sapiens International Corporation (NASDAQ and TASE: SPNS) is a global leader in intelligent SaaS-based software solutions. With Sapiens' robust platform, customer-driven partnerships, and rich ecosystem, insurers are empowered to future-proof their organizations with operational excellence in a rapidly changing marketplace. Our Saas-based solutions help insurers harness the power of AI and advanced automation to support core solutions for property and casualty, workers' compensation, and life insurance, including reinsurance, financial & compliance, data & analytics, digital, and decision management. Sapiens boasts a longtime global presence, serving over 600 customers in more than 30 countries with our innovative offerings. Recognized by industry experts and selected for the Microsoft Top 100 Partner program, Sapiens is committed to partnering with our customers for their entire transformation journey and is continuously innovating to ensure their success.
For more information, please visit https://sapiens.com, or follow us on LinkedIn.
Investor and Media Contact:
Yaffa Cohen-Ifrah
Sapiens Chief Marketing Officer and Head of Investor Relations
Email: Yaffa.cohen-ifrah@sapiens.com
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SOURCE Sapiens International Corporation
FAQ
What is the new partnership between Sapiens (NASDAQ: SPNS) and Bankers Insurance Group?
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