Sapiens Interntl Stock Price, News & Analysis

Sapiens International (NASDAQ: SPNS) has launched Sapiens Decision Underwriting Accelerator, a new solution for Property and Casualty (P&C) insurers. This innovative tool aims to enhance underwriting efficiency and improve straight-through processing (STP) rates. Key features include:

1. Automation of complex decision-making tasks
2. Integration with AI and machine learning models
3. Empowerment of business analysts to author and update decision logic without coding
4. Reduction of IT reliance by up to 90%
5. Pre-built decision flows for faster deployment
6. Extraction of decision logic from legacy systems

The solution is designed to accelerate time-to-market, improve cycle times, and significantly enhance profitability for P&C insurers.

Sapiens International (NASDAQ: SPNS) announced that Hollard Group Risk (HGR), a division of Hollard Life Insurance Company in South Africa, has implemented Sapiens DataSuite. This implementation complements the previously deployed Sapiens CoreSuite for Life & Pensions, accelerating HGR's core transformation process.

DataSuite will support the transition between CoreSuite and HGR's legacy system by producing actionable insights and automated reports across all lines of business. It provides HGR with operational, claims, underwriting, financial, risk, and actuarial reports, reducing the complexities of the migration process.

CoreSuite's policy administration system includes features for group scheme processing, such as enrolment, payroll processing, premium payments, and claims. The implementation aims to drive down operational costs and deliver seamless user experiences for customers, partners, and staff while supporting HGR's digital transformation objectives.

Sapiens International (NASDAQ: SPNS) (TASE: SPNS) hosted its annual North America Customer Summit in Austin, Texas from September 9-11, 2024. The event, themed 'Compose Your Future', attracted 545 participants from 115 insurance companies, customers, and partners. Key highlights included:

- Keynote by Josh Linkner on leveraging the 'Rhythm of Innovation'
- Presentation by Dr. Tomer Simon from Microsoft on generative AI in insurance
- Fireside chat with Santosh Kutty from Deloitte on modern insurance platform ecosystems
- Showcase of Sapiens' latest product developments and future roadmaps

The summit featured industry experts from Microsoft, Deloitte, Celent, and Datos Insights, emphasizing Sapiens' commitment to driving transformative journeys for its customers in the insurance industry.

Sapiens International (NASDAQ: SPNS) has announced that a leading tier-one Canadian life and health insurer has chosen the Sapiens Insurance Platform for Life & Annuities. This selection aims to improve operational performance, drive efficiency, enhance client and advisor experience, and support digital evolution in the life and health market.

The platform offers an integrated solution supporting all products and processes throughout the insurance lifecycle. It includes enhanced automation, accelerated underwriting, and intuitive e-application and illustration capabilities. The implementation will also feature Sapiens DataSuite for advanced analytics and Sapiens DigitalSuite for omnichannel experiences.

This partnership is expected to optimize the insurer's speed-to-market, digital transformation, and technology stack, while enhancing customer and agent relations for successful growth.

Sapiens International (NASDAQ: SPNS) has announced a partnership with Addresscloud, a cloud-based location intelligence provider, to enhance insurers' geographic risk insights. This collaboration integrates Addresscloud's precise geolocation services and advanced mapping capabilities with Sapiens' core P&C products, offering several key benefits:

1. Accurate geocoding for precise location data and minimized errors in risk assessment.
2. Comprehensive property data for thorough risk evaluation.
3. Enhanced accumulation management for optimized risk distribution strategies.
4. Peril scores for assessing likelihood and severity of various risks.

The partnership aims to provide insurers with deeper insights, more informed decision-making, streamlined workflows, and improved data accuracy, ultimately delivering a superior user experience and potentially improving profitability.

Sapiens International (NASDAQ: SPNS) has released Version 12.0 of CoreSuite for Property & Casualty for the North American insurance market. This update offers significant functional and performance improvements, enhanced security features, and is part of the AI-based Sapiens Insurance Platform. Key enhancements include:

- Improved data consistency for easier migration and AI-readiness
- Enhanced efficiency in billing, database storage, and customer synchronization
- Upgraded formula capabilities
- Seamless integration with ClaimsPro, PolicyPro, and BillingPro
- New reporting tables for near real-time reporting in ClaimsPro
- Augmented deductible tracking and extended notes capabilities

These improvements aim to accelerate innovation and value delivery for Sapiens' customers, supporting insurers across all personal and commercial lines of business.

Sapiens International (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, has declared a cash dividend of $16.2 million, or $0.29 per share for the first half of 2024. This distribution is based on the company's 2024 first half results and aligns with Sapiens' policy of distributing up to 40% of its annual non-GAAP net income on a semi-annual basis.

The dividend will be paid on September 12, 2024, to shareholders of record as of August 28, 2024. It is subject to a 25% Israeli tax withholding. Roni Al-Dor, President & CEO of Sapiens, stated that this dividend distribution highlights the company's strong financial performance and confidence in its strategic execution.

Sapiens International (NASDAQ: SPNS) announced that Society Insurance, a leading U.S. niche insurance provider, has chosen Sapiens ReinsurancePro to enhance efficiency, streamline financial reporting, and reduce claims leakage. Society Insurance opted for this cloud-based reinsurance system to automate and centralize their entire reinsurance program. The solution will enable Society to calculate ceded paid, reserve, and incurred metrics, while adapting to future treaty term changes.

Sapiens ReinsurancePro stood out for its broad capabilities in supporting reinsurance accounting, cash management, and compliance with auditing and statutory requirements. This partnership aims to streamline Society's reinsurance management program and boost organizational efficiencies.

Sapiens International (NASDAQ: SPNS) announced that Continental General Insurance Company has selected Sapiens as its technology partner to accelerate operations, modernize its platform, and enhance scalability in new markets. The partnership will leverage Sapiens Insurance Platform, enabling Continental General to efficiently implement long-term care insurance and expand its third-party administrator (TPA) services.

Continental General will utilize Sapiens' SaaS-based solutions, including CoreSuite for Life & Annuities, DigitalSuite, IllustrationPro, ApplicationPro, and UnderwritingPro. These solutions will provide end-to-end insurance processes across life, health, and annuities operations, offering flexibility, customization, and rapid deployment to support Continental General's growth and evolving business needs.