Sapiens Interntl Stock Price, News & Analysis

Sapiens International Corporation (NASDAQ: SPNS) has been recognized by Gartner, Inc. for its CoreSuite for Life, Pension & Annuities as a top solution for legacy life insurance policy administration. The platform achieved the highest ratings in five out of seven evaluated use cases, underscoring its capabilities in digital transformation for insurers. This recognition reinforces Sapiens' commitment to providing robust digital solutions that enhance operational efficiency and accelerate market entry, enabling insurers to adapt to changing industry demands.

Sapiens Americas, a subsidiary of Sapiens International Corporation (NASDAQ: SPNS), has launched Sapiens UnderwritingPro for Life and Annuities on Microsoft AppSource. This innovative web-based solution automates underwriting and manages new business cases, enhancing the underwriting process. It features a user-friendly interface, real-time dashboard, and integration with third-party data sources, allowing for a touchless underwriting experience. The tool is designed to meet high-performance, scalability, and security standards, supporting insurers in achieving long-term competitiveness.

Sapiens International Corporation (NASDAQ: SPNS) has announced that MAPFRE MSV Life p.l.c in Malta has successfully implemented Sapiens' Life & Pension core suite and digital solution. This project, the first cloud-supported initiative by MAPFRE, aims to enhance business continuity and flexibility while facilitating a rapid digital transformation. The first phase of implementation, completed within 15 months, will consolidate MMSV's Protection systems onto a single platform, with future phases planned for Investments and Group business. The partnership is expected to drive growth and improve data quality.

Sapiens International Corporation (NASDAQ: SPNS) has partnered with Gjensidige Pensjonsforsikring (GPF) to implement its CoreSuite for Life & Pension platform, aiming to enhance GPF's digital capabilities and market share in the life and pension sector. The solution will enable greater automation and operational efficiency, allowing GPF to streamline workflows and improve customer engagement. Following a thorough vendor evaluation, GPF selected Sapiens for its strong presence in the Nordic market. This implementation marks Sapiens' introduction of its flagship platform in Norway, aiming to drive innovation and enhance customer service.

Sapiens International Corporation (SPNS) has announced its acquisition of Tia Technology, a vendor of digital software solutions for the insurance sector, for $78 million. The deal aims to enhance Sapiens' offerings in the Nordic markets, where Tia holds a strong customer base of nearly 70 clients. Tia’s revenue in 2019 was $30 million, with a 14% operational profit margin. The transaction is expected to be accretive from closing and provides Sapiens with deeper local expertise to drive growth in the region.

Sapiens International Corporation (NASDAQ: SPNS) reported strong financial results for Q3 2020, with revenues up 18.5% to $98.0 million, driven by strategic growth in Europe and North America. Gross profit rose by 20.4% to $44.2 million, reflecting a 45.1% gross margin. Operating income increased by 32.0% to $17.9 million, achieving an operating margin of 18.2%. Net income attributable to shareholders grew 32.0% to $13.7 million, resulting in an EPS of $0.27. The company raised its 2020 revenue guidance to $381-$383 million, showcasing resilience despite COVID-19.

Sapiens International Corporation (NASDAQ: SPNS) has launched IDIT Go, a pre-configured, cloud-native solution aimed at enabling general insurers to quickly implement new offerings. This platform enhances operational efficiencies, offers 24/7 accessibility, and supports rapid deployment within months. Key advantages include low-code architecture, customizable portals, and compatibility with Sapiens' insurtech ecosystem via open APIs. IDIT Go caters to various market needs and promotes digital transformation in the insurance sector, reflecting Sapiens' commitment to innovation and client support.

Sapiens Americas, a subsidiary of Sapiens International Corporation (NASDAQ: SPNS), has successfully implemented its PolicyPro solution at Harford Mutual Insurance Group in Maryland. This transition from a 25-year-old policy system enhances Harford Mutual's ability to quickly launch new insurance products and respond to consumer demands for digital experiences. The new platform facilitates policy management and integrates smoothly with third-party solutions, contributing to Harford Mutual's operational efficiency and competitiveness in the evolving insurance sector.