Sapiens Interntl Stock Price, News & Analysis

Sapiens International Corporation (NASDAQ: SPNS) has been recognized as a Dominant Provider of illustration solutions in the 2021 Market Navigator report by Novarica. The report highlights Sapiens' strong market position and momentum, particularly with its solution, Sapiens IllustrationPro, which serves 41 insurers in the US/Canada. The cloud-based solution offers a modern user experience with features like straight-through processing and complex product illustrations, aimed at enhancing operational efficiency for life insurance providers.

Sapiens International Corporation (NASDAQ: SPNS) announced that Illinois Mutual Life Insurance has successfully implemented its IllustrationPro and ApplicationPro life solutions. This marks a significant step in Illinois Mutual's digital transformation, enhancing application functionality and customer experience. Rich Tarkowski, IML's VP of IT, emphasized the importance of these solutions for market competitiveness, while Sapiens aims to further strengthen their partnership through continuous modernization efforts.

Sapiens Americas, a subsidiary of Sapiens International Corporation (NASDAQ: SPNS), announced a successful upgrade of its CoreSuite for Workers' Compensation software with the Ohio Bureau of Workers' Compensation (BWC). This upgrade aims to enhance operational efficiency, customer satisfaction, and profitability for providers and administrators in the workers' compensation sector. The collaboration has led to significant platform improvements, including a Java framework refresh, real-time payment processing, and advanced case management features. BWC serves 249,000 employers and collects approximately $1.3 billion in premiums annually.

Sapiens Americas, a subsidiary of Sapiens International Corporation (NASDAQ: SPNS), announced that Beneva, Canada's largest mutual insurance provider, has upgraded to Sapiens UnderwritingPro Version 11. This upgrade aims to automate Beneva's underwriting processes, improving efficiency and reducing the need for medical exams. The technology will enhance turnaround times for external data, allowing Beneva to grow its business without increasing staff. The upgrade was completed on schedule and within budget, reflecting effective planning between Beneva and Sapiens.

Sapiens International Corporation (NASDAQ: SPNS) has introduced two innovative modules, BotConnect and LiveConnect, designed to enhance customer engagement in the insurance sector. These AI-powered solutions enable insurers to automate conversations and seamlessly transition customers to live agents, improving operational efficiency and customer satisfaction. The modules allow for 24/7 customer interactions, tailored experiences, and automated processes across various channels. This latest digital offering positions insurers to better meet evolving customer expectations and maintain competitive advantages.

Sapiens International Corporation (NASDAQ: SPNS) announced its participation in three virtual investor conferences in May 2021. The events include the Needham Virtual Technology and Media Conference on May 20, where management will hold one-on-one meetings. The Oppenheimer Annual Israeli Conference occurs on May 23 and 24, featuring one-on-one meetings and a group presentation at 7:45 am ET. Lastly, at the JP Morgan Global Technology, Media and Communications Conference from May 24-26, Sapiens will host a fireside chat on May 26 at 1:25 pm ET.

Sapiens International Corporation (NASDAQ: SPNS) has been selected by GCU, a US Life & Annuity carrier, to provide its cloud-based Sapiens IllustrationPro as part of GCU's digital transformation strategy. The solution is designed to enhance agent and customer experiences through intuitive point-of-sale capabilities. Sapiens aims to streamline implementation with its comprehensive life platform, reducing time-to-market. IllustrationPro has recently earned recognition, receiving two Xcelent Awards for Advanced Technology and Breadth of Functionality.