Global Insurance Leader Selected Sapiens to Innovate Operations

Rhea-AI Summary

A major European global insurer has selected Sapiens International Corporation (NASDAQ: SPNS) to modernize its London Market operations through the implementation of Sapiens ReinsuranceMaster and DataSuite SaaS solutions. The insurer becomes the first in the London Market to utilize Sapiens' innovative Lloyd's Outward Reinsurance Scheme (LORS) and Underwriting Support Message (USM) features. The implementation will replace legacy systems and enhance operational efficiency. Sapiens ReinsuranceMaster offers comprehensive management of reinsurance programs with full financial control, while DataSuite provides data management capabilities for actionable insights. The partnership demonstrates Sapiens' capability to serve the specialized needs of the London Market, the world's leading hub for specialty insurance and reinsurance.

Positive

• First London Market implementation of Sapiens' LORS & USM features, showcasing market leadership
• Replacement of legacy systems with modern SaaS solutions, improving operational efficiency
• Strategic expansion in the London Market, the world's leading insurance hub
• Addition of a major European global insurer to client portfolio

Negative

• None.

Insights

Enterprise Software Analyst

Sapiens lands significant SaaS deal with global insurer, strengthening its London Market position with specialized reinsurance solutions.

Sapiens has secured a strategic win by signing a European-based global insurer for their ReinsuranceMaster and DataSuite SaaS solutions—marking an important milestone for both companies. The client becomes the first London Market insurer to implement Sapiens' specialized Lloyd's Outward Reinsurance Scheme (LORS) and Underwriting Support Message (USM) messaging features.

This deal carries particular significance as it targets the London Market—the world's premier hub for specialty insurance and reinsurance—indicating Sapiens' growing foothold in this sophisticated market segment. The implementation will replace legacy systems, addressing a common pain point in the insurance sector where outdated technology often hampers operational efficiency.

From a competitive standpoint, this represents more than just a new customer acquisition. By setting a "new standard for other specialty insurers and syndicates" as noted in the release, Sapiens positions itself as an innovation leader in a niche but lucrative market. Their ReinsuranceMaster solution addresses critical needs for insurers managing complex multinational reinsurance programs, particularly in preventing financial leakage—a significant concern for insurers dealing with complex risk portfolios.

The complementary DataSuite component further enhances the value proposition by enabling data-driven decision making, an increasingly essential capability in the competitive insurance landscape. While the specific contract value wasn't disclosed, enterprise-level SaaS implementations in specialized insurance markets typically represent meaningful recurring revenue streams with healthy margins.

First London Market Insurer to Leverage Sapiens' Innovative SaaS Solution with LORS & USM Messaging

ROCHELLE PARK, N.J., May 13, 2025 /PRNewswire/ -- Sapiens International Corporation (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced that a European based global insurer has selected Sapiens ReinsuranceMaster and Sapiens DataSuite end-to-end SaaS solution to modernise its operations in the highly specialised London Market. 

This marks a significant milestone for the insurer as it becomes the first London Market insurer to utilise Sapiens' innovative Lloyd's Outward Reinsurance Scheme (LORS) and Underwriting Support Message (USM) features of Sapiens ReinsuranceMaster. 

The implementation of Sapiens' solution will replace the insurer's legacy systems, streamline processes, and enhance operational efficiency, helping the company maintain its leadership in the competitive insurance market. The collaboration underscores Sapiens' commitment to serving the unique needs of the London Market, the world's leading hub for specialty insurance and reinsurance. 

Sapiens ReinsuranceMaster offers the depth of functionality and capabilities needed to modernise  operations, improve efficiency, and better serve their clients with an integrated platform. This partnership with Sapiens delivers long-term value and drives measurable impact. 

"We are proud to support our client in their reinsurance business management and accounting processes and to ensure they remain at the forefront of innovation and customer service," said Roni Al-Dor, President and CEO of Sapiens. "The partnership exemplifies Sapiens' ability to deliver cutting-edge solutions for the world's most sophisticated insurance markets, setting a new standard for other specialty insurers and syndicates in the London Market." 

Sapiens ReinsuranceMaster is a comprehensive solution for superior management of large and multi-national reinsurance programs, providing full financial control and flexibility across all lines of business. The solution supports the entire range of reinsurance contracts, providing full support for all auditing requirements and a consolidated view of liabilities and risks, as well as helping prevent financial leakage.  

Sapiens DataSuite is a data management solution that empowers insurers to produce actionable insights and maximize the value of their data resulting in smarter decision making. DataSuite is a modular, highly innovative, business intelligence solution designed specifically for insurance markets. 

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 its 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 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  

Forward Looking Statements 

Certain matters discussed in this press release that are incorporated herein and therein by reference are forward-looking statements within the meaning of Section 27A of the Securities Act, Section 21E of the Exchange Act and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, that are based on our beliefs, assumptions and expectations, as well as information currently available to us. Such forward-looking statements may be identified by the use of the words "anticipate," "believe," "estimate," "expect," "may," "will," "plan" and similar expressions. Such statements reflect our current views with respect to future events and are subject to certain risks and uncertainties. There are important factors that could cause our actual results, levels of activity, performance or achievements to differ materially from the results, levels of activity, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to:  the degree of our success in our plans to leverage our global footprint to grow our sales; the degree of our success in integrating the companies that we have acquired through the implementation of our M&A growth strategy; the lengthy development cycles for our solutions, which may frustrate our ability to realize revenues and/or profits from our potential new solutions; our lengthy and complex sales cycles, which do not always result in the realization of revenues; the degree of our success in retaining our existing customers or competing effectively for greater market share; the global macroeconomic environment, including headwinds caused by inflation, relatively high interest rates, potentially unfavorable currency exchange rate movements, and uncertain economic conditions, and their impact on our revenues, profitability and cash flows; difficulties in successfully planning and managing changes in the size of our operations; the frequency of the long-term, large, complex projects that we perform that involve complex estimates of project costs and profit margins, which sometimes change mid-stream; the challenges and potential liability that heightened privacy laws and regulations pose to our business; occasional disputes with clients, which may adversely impact our results of operations and our reputation; various intellectual property issues related to our business; potential unanticipated product vulnerabilities or cybersecurity breaches of our or our customers' systems; risks related to the insurance industry in which our clients operate; risks associated with our global sales and operations, such as changes in regulatory requirements, wide-spread viruses and epidemics like the coronavirus epidemic,  and fluctuations in currency exchange rates; and risks related to our principal location in Israel and our status as a Cayman Islands company.  

While we believe such forward-looking statements are based on reasonable assumptions, should one or more of the underlying assumptions prove incorrect, or these risks or uncertainties materialize, our actual results may differ materially from those expressed or implied by the forward-looking statements. Please read the risks discussed under the heading "Risk Factors" in our Annual Report on Form 20-F for the year ended December 31, 2023, to be filed in the near future, in order to review conditions that we believe could cause actual results to differ materially from those contemplated by the forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or will occur. Except as required by law, we undertake no obligation to update publicly any forward-looking statements for any reason, to conform these statements to actual results or to changes in our expectations. 

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SOURCE Sapiens International Corporation

FAQ

What solutions did Sapiens (SPNS) provide to the global insurer?

Sapiens provided ReinsuranceMaster and DataSuite SaaS solutions, featuring LORS and USM capabilities, to modernize the insurer's London Market operations.

How will the Sapiens (SPNS) implementation benefit the global insurer?

The implementation will replace legacy systems, streamline processes, enhance operational efficiency, and provide full financial control and flexibility across all lines of business.

What is unique about this Sapiens (SPNS) implementation in the London Market?

This marks the first London Market insurer to utilize Sapiens' innovative Lloyd's Outward Reinsurance Scheme (LORS) and Underwriting Support Message (USM) features.

What capabilities does Sapiens ReinsuranceMaster offer?

ReinsuranceMaster offers comprehensive management of reinsurance programs, full financial control, auditing support, consolidated view of liabilities and risks, and prevention of financial leakage.

What is Sapiens DataSuite's role in the implementation?

DataSuite is a data management solution that enables insurers to produce actionable insights from their data, supporting smarter decision-making through business intelligence capabilities.