Sapiens Interntl Stock Price, News & Analysis

Sapiens International Corporation (NASDAQ: SPNS) announced the successful go-live of LAQO, a digital solution for motor insurance, by Croatia osiguranje (CROSIG). This launch is part of a three-phase digital transformation plan aimed at enhancing CROSIG's property & casualty (P&C) business. The implementation is set to improve productivity, accelerate time to market, and streamline operations.

CEO Davor Tomašković emphasized the solution's role in adapting to market challenges, while Sapiens' president Liana Gelikas highlighted the benefits of rapid expansion and superior customer experience.

Sapiens International Corporation (NASDAQ: SPNS) has announced a partnership with Click-Ins, a SaaS vehicle damage inspection platform, to enhance claims management for insurance carriers. This collaboration allows seamless integration of Click-Ins' AI-driven solutions with Sapiens' CoreSuite for Property & Casualty, improving agility and claims processing. Click-Ins' technology automates vehicle inspections, reducing errors and accelerating claims. Sapiens aims to leverage this partnership to provide comprehensive, customer-centric solutions in a digital landscape.

Sapiens Americas, a subsidiary of Sapiens International Corporation (NASDAQ: SPNS), has successfully rolled out an upgraded version of its ClaimsPro workers' compensation platform for the Yukon Workers' Compensation Health and Safety Board. This upgrade enhances end-to-end claims processing while significantly reducing processing and settlement costs. The system, utilized since 2006, now features a cutting-edge technology stack designed to meet urgent business needs, particularly in the context of COVID-19, and improves operational efficiencies through advanced case management and real-time payment processing.

Sapiens International Corporation (NASDAQ: SPNS) has been selected to automate and operate Altshuler Shaham's provident and pension funds for the next three years. Altshuler Shaham, Israel's largest investment house, reported a significant growth of 112% in pension fund members and 98% increase in assets under management from NIS 7.3 billion to NIS 15.73 billion year-over-year. This partnership will leverage Sapiens' extensive industry experience, as it continues its strategic entry into the operations sector following the acquisition of Tiful Gemel.

Sapiens International Corporation (NASDAQ: SPNS) announced a strategic partnership with TruthMD to enhance insurers' access to real-time provider data. This collaboration aims to improve medical practice liability and workers' compensation underwriting by utilizing TruthMD's machine learning-driven MedFax solution, which offers over 95% accuracy in provider data. The partnership is expected to strengthen both companies' market positions by addressing industry challenges like inaccurate data, potentially saving insurers an average of $716,000 per $10 million in premiums.

Sapiens International Corporation (NASDAQ: SPNS) has appointed Rodrigo Rueda as Sales Director for Sapiens Iberia, enhancing its presence in the Iberian market. Rueda brings over 20 years of experience in the insurance sector, focusing on modernizing processes and digitization strategies. His hire is seen as a strategic move following Sapiens' acquisition of Cálculo, a key player in Spanish insurance services. The company aims to leverage its expertise to meet the evolving needs of insurers in Spain and Portugal, driving growth in this rapidly expanding market.

Sapiens Americas, a subsidiary of Sapiens International Corporation (NASDAQ: SPNS), has launched an enhanced feature for its Sapiens StatementPro platform. This upgrade streamlines the Notes to Financial Statements reporting process, allowing all components to be completed within the software, thereby eliminating the need for separate data entry. The new feature improves flexibility and processing efficiency for financial notes in various sectors, including property & casualty and life insurance. Clients can now work collaboratively, marking notes as 'not applicable' and tracking completion efficiently.

Sapiens Americas, a subsidiary of Sapiens International Corporation (NASDAQ: SPNS), has announced the release of new versions of Sapiens IllustrationPro and Sapiens ApplicationPro for the life and annuities sector. These upgrades enhance value for insurers by accelerating time to market, lowering total costs, and improving usability. The integrated modules allow for efficient data processing, reducing errors and enhancing the digital customer experience. With over 40 customers in North America, Sapiens aims to solidify its position in the insurance software industry.