Sapiens Interntl Stock Price, News & Analysis

Sapiens International Corporation (NASDAQ: SPNS) has announced the general availability of the enhanced CoreSuite for Life & Annuities for North American customers and Life & Pensions for EMEA and APAC regions. The new CoreSuite Version 10 features low code/no code configuration, improved cloud capabilities, and a robust digital suite to enhance user experience. Key offerings include multicurrency and multilingual support, embedded analytics, and a 360-degree customer view for better policy management.

Sapiens International Corporation (NASDAQ: SPNS) announced a partnership with Rising Medical Solutions to enhance data-driven decision-making for medical care in workers' compensation and property & casualty insurance. This joint offering integrates Sapiens' CoreSuite platforms with Rising’s managed care services, providing insurers with real-time data and improved user experience. The collaboration aims to streamline processes from claims to medical management, ultimately enabling insurers to make more informed and equitable payment decisions.

Sapiens International Corporation (NASDAQ: SPNS) announced its participation in William Blair's 5th Annual Investor Conference, scheduled for March 11, 2021. CEO Roni Al-Dor and CFO Roni Giladi will present at 12:00 pm ET and are available for one-on-one meetings. Daphna Golden, VP of Investor Relations, will also be present for discussions. Sapiens provides software solutions for the insurance industry and has over 35 years of experience, serving more than 600 organizations worldwide. For meeting arrangements, please reach out to William Blair.

Sapiens International Corporation (NASDAQ: SPNS) reported strong financial results for Q4 and the full year 2020, highlighting a 17.2% increase in revenue to $101.7 million for Q4 compared to Q4 2019. Gross profit rose 18.4%, reaching $41.4 million, while diluted EPS increased by 15.4% to $0.15. For the full year, revenue was $382.9 million, a 17.6% growth from 2019. Sapiens anticipates 2021 Non-GAAP revenue between $457 million and $463 million, indicating ongoing positive momentum as they leverage recent acquisitions.

Sapiens International Corporation (NASDAQ: SPNS) announced that a Tier 1 South African bank has expanded its offerings by integrating five components of the Sapiens IDITSuite for Property & Casualty. This enhancement supports the bank's personal and commercial lines of business, responding to growing customer demand for digitized experiences. The project went live remotely due to COVID-19, encompassing retail and commercial solutions, including Building Insurance and Business Cash Cover. Sapiens aims to continue collaborating with the bank to further develop its online banking platform.

Sapiens International Corporation (NASDAQ: SPNS) has partnered with VPay to enhance digital payment services for workers' compensation insurers. This collaboration aims to streamline operational costs while improving customer interactions in claims payment processing. VPay's solutions have already digitized 40-55% of service provider payments, saving insurers up to $1 million on print and mail fees. The shift towards digital payments has accelerated, especially due to customer demand amid the COVID-19 pandemic.

Sapiens International Corporation (NASDAQ: SPNS) will report its financial results for Q4 and the full year ended December 31, 2020, on February 25, 2021. A conference call and webcast will be held on the same day at 9:30 a.m. ET to discuss the results. The financial performance will encompass various sectors including property & casualty and life insurance, as Sapiens aims to address evolving industry needs. Investors can access the live call or a replay via the company's investor relations page.

Sapiens Americas, a subsidiary of Sapiens International Corporation (NASDAQ: SPNS), announced a partnership with American Farmers & Ranchers (AFR) to modernize their insurance platforms. The integration involves Sapiens Digital CoreSuite for Property & Casualty and Sapiens ReinsurancePro, replacing outdated systems with a comprehensive solution tailored for multiple business lines. This transition aims to enhance product delivery speed and streamline reinsurance administration. The initiative reflects Sapiens' commitment to support insurers in adapting to fluctuating market demands.