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Sapiens International (SPNS) delivers cutting-edge insurance software solutions powering digital transformation across global financial services. This centralized news resource provides investors and professionals with verified updates on company developments and industry leadership.
Access official press releases covering financial results, product innovations, strategic partnerships, and technology milestones. Stay informed about cloud-based platform enhancements, AI-driven decision tools, and expansion initiatives shaping the insurtech landscape.
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Bookmark this page for continuous updates on SPNS' contributions to insurance technology. Visit regularly to monitor how Sapiens' SaaS solutions and low-code platforms drive efficiency in policy administration, claims processing, and risk management worldwide.
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.
Sapiens International Corporation (NASDAQ: SPNS) has partnered with ACORD to enhance its digital solutions for the insurance sector. This ongoing agreement will utilize ADEPT, ACORD's Data Exchange Platform, to improve data exchange for insurers, MGAs, and reinsurers. With ADEPT's capabilities, Sapiens will offer standardized API connectivity for communication in the London Market. This partnership aims to support the digital transformation of the insurance industry, responding to demands for better data integration and efficiency.
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.
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