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Sapiens International Corporation N.V. provides intelligent SaaS-based software solutions for the insurance industry. Company announcements center on AI and advanced automation across property and casualty, workers' compensation, life insurance, reinsurance, financial and compliance, data and analytics, digital, and decision-management products.
Recurring SPNS news has covered CoreSuite recognition, Sapiens Decision Platform capabilities such as Decision Analytics, customer and partner events, executive leadership changes, operating and financial results, and corporate-status developments following the completed merger that left Sapiens as the surviving company and a wholly owned subsidiary.
Sapiens International Corporation (SPNS) announced a significant partnership with a leading non-life insurer in Thailand for a major digital core transformation. This project aims to replace the insurer's outdated 30-year-old system using Sapiens' comprehensive software solutions, including IDITSuite, ReinsuranceMaster, and DigitalSuite's API layer. The initiative is expected to enhance operational efficiency, reduce costs, and improve product development speed, ultimately increasing revenues through new digital channels.
Sapiens International Corporation (NASDAQ: SPNS) is set to announce its financial results for the second quarter of 2021 on August 4, 2021, following the period ending on June 30, 2021. The company, which provides software solutions for the insurance industry, will also hold a conference call and webcast at 9:30 a.m. Eastern Time on the same day to discuss the results. Investors and analysts can participate through designated phone numbers or access the webcast on Sapiens' website. The company continues to leverage its experience and global presence in the insurance sector to enhance its service offerings.
Sapiens International Corporation (NASDAQ: SPNS) announced a partnership with Munich Re to enhance technology-led consultancy services for primary insurers in the UK, focusing on the commercial insurance market for SMEs. This partnership aims to address underserved segments by providing scalable technology solutions to empower insurers. With over 200,000 new businesses established in the UK this year, the collaboration is positioned to support the post-COVID economic recovery. Sapiens and Munich Re plan to offer consultative strategies and innovative digital solutions to enhance market offerings.
Sapiens International Corporation (NASDAQ: SPNS) has launched an upgraded version of Sapiens Decision, a cloud-based, no-code decision management platform. This release enhances operational efficiency by allowing business users to manage decision logic quickly and accurately, facilitating digital transformation within organizations. Key features include faster deployment, improved user experience, increased productivity, and the ability to manage complex business rules effectively. The solution aims to support automation initiatives in sectors such as Banking and Insurance, enhancing customer engagement and policy change speed.
Sapiens International Corporation (NASDAQ: SPNS) has launched two new cloud-native components, Sapiens Journey and Form Composer, part of its DigitalSuite aimed at enhancing digital transformation for insurers. These tools enable users to manage workflows and digitize forms without coding, promoting efficiency and reducing dependency on IT resources. Sapiens aims to empower insurers to improve customer experiences and accelerate time-to-market while integrating seamlessly with existing systems.
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.
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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.