Welcome to our dedicated page for Sapiens Interntl news (Ticker: SPNS), a resource for investors and traders seeking the latest updates and insights on Sapiens Interntl stock.
Sapiens International Corporation N.V., historically listed as SPNS on Nasdaq and the Tel Aviv Stock Exchange, generates a steady stream of news around its role as a global provider of intelligent SaaS-based software solutions for the insurance industry. Its announcements highlight how insurers use Sapiens platforms to modernize core systems, apply AI and automation, and manage complex underwriting, claims, and policy administration tasks.
News items for Sapiens commonly cover product launches and upgrades, such as new versions of CoreSuite for Property & Casualty, enhancements to workers’ compensation solutions, and major releases like the Decision Analytics module within the Sapiens Decision platform. These updates often describe new capabilities in AI-driven underwriting, real-time analytics, and digital workflows for insurers.
The company also issues releases on customer projects and partnerships. Examples include upgrades of IDITSuite for organizations like the Medical Protection Society, implementations of Automated Testing Services for Encova Insurance, and strategic partnerships such as the collaboration with Linqura for P&C underwriting risk-scoring. These stories show how insurers apply Sapiens software to improve efficiency, testing, and risk selection.
Another important category of SPNS-related news involves corporate and capital markets developments. In 2025, Sapiens announced a definitive agreement to be acquired by Advent and later confirmed the closing of the merger, after which its common stock ceased trading and the company began the process of delisting and deregistration. Additional filings and releases address topics like early redemption of Series B debentures and shareholder approvals at an Extraordinary General Meeting.
Investors and industry followers can use this news feed to review historical earnings announcements, product roadmaps, customer case studies, and the details of Sapiens’ transition from a publicly traded company under the SPNS symbol to a privately held business under Advent’s ownership.
Sapiens International (NASDAQ: SPNS) has announced the release of UnderwritingPro v14, an enhanced automated underwriting and business case management system for life & annuities insurers. The new version introduces significant technological improvements, including AI integration with predictive analytics and intelligent insights for faster, more precise underwriting decisions.
Key features include a new agent communication portal that streamlines agent-underwriter interactions, enhanced user-configurable rules for automated underwriting decisions, improved work item configuration for workflow management, and streamlined deployment practices for efficient rule migration across environments.
The solution aims to help insurers automate decisions, optimize underwriting processes, reduce turnaround times, and enhance operational accuracy while providing an improved user experience in the life, health, and annuities sectors.
Sapiens International (NASDAQ: SPNS) has scheduled its Fourth Quarter and Year-End 2024 financial results announcement for February 18, 2025. The company will host a conference call and webcast at 9:30 a.m. Eastern Time (4:30 p.m. in Israel) to discuss the results.
Participants can join via phone using toll-free numbers: 1-888-642-5032 (North America), 972-3-9180644 (International), and 0-800-917-5108 (UK). A live webcast will be available on Sapiens' website, with a replay accessible for 90 days following the event.
Sapiens International (NASDAQ: SPNS) has announced the availability of its SaaS solutions on the Microsoft Azure Marketplace, enhancing accessibility for Azure customers worldwide. As a premium member of the Microsoft Top 100 Partner program, Sapiens is leveraging Azure's advanced AI tools, including Microsoft Copilot and Azure OpenAI Service, to transform the insurance industry digitally.
The company has integrated Microsoft GenAI technology into its newly launched insurance platform. The Digital Insurance Platform for Life & Annuity offers insurers a complete transformation solution with next-generation capabilities throughout the life and annuity lifecycle, including eAPP, illustrations, underwriting, and policy administration.
This strategic alignment with Microsoft Azure aims to provide insurers with streamlined deployment and management capabilities while enabling them to benefit from Azure's scalability, reliability, and agility.
Sapiens International (NASDAQ: SPNS) has announced its participation in the 27th Annual Needham Growth Conference, scheduled for January 14-16, 2025, at the Lotte NY Palace Hotel in New York City. CFO Roni Giladi will lead a group presentation on January 15, from 2:15 p.m. to 2:55 p.m. EDT in 'Holmes 1' and will conduct one-on-one meetings throughout the day.
The presentation will be available via webcast on Sapiens' IR website under the events section. Interested parties can schedule meetings through their Needham representatives, though meeting schedules may be subject to adjustment by conference organizers.
Sapiens International (NASDAQ: SPNS) has won the 2024 XCelent award in the Customer Base and Support categories for its UnderwritingPro solution for Life & Annuities in North America. This marks the third consecutive recognition for their underwriting solution. The award follows Celent's analysis of 20 NBUW systems, where Sapiens was highlighted as a Functionality Standout in their Technical Capability Matrix.
UnderwritingPro, a web-based automated underwriting solution, features direct messaging with agents, comprehensive case management, and an enhanced rules engine that enables non-technical staff to manage rules independently. The system was praised for making the underwriting process more effective and efficient across all lines of business, with Celent recommending it for insurers seeking new business and underwriting systems.
Sapiens International (NASDAQ: SPNS) reported Q3 2024 financial results, showing a 4.8% increase in revenue to $137 million compared to Q3 2023. Gross profit rose by 7.8% to $60.3 million, and net income increased by 15.5% to $18.3 million. Diluted EPS grew 17.9% to $0.33. Non-GAAP figures showed a 6.0% increase in gross profit to $62.8 million and a 10.5% rise in net income to $21.1 million, with diluted EPS at $0.37.
Revenue growth was driven by 7.1% in Europe, 1.7% in North America, and 6.6% in other regions. However, revenue fell short of targets, prompting a reduction in 2024 non-GAAP revenue guidance to $541-$546 million from $550-$555 million. The non-GAAP operating margin is expected to be 18.2%. For 2025, Sapiens anticipates low single-digit revenue growth.
Sapiens International announced that a Tier 1 African insurer has successfully implemented Sapiens DataSuite cloud solution. The implementation enhances the insurer's data processing capabilities, enabling them to process over 50 billion records within 40 hours and perform daily incremental loads of more than 70 million records.
The insurer, a longtime Sapiens customer since 2006, previously utilized Sapiens Tia Enterprise core solution and Sapiens ReinsuranceMaster. The new cloud-based platform centralizes data in a data lake, supporting insights, reports, dashboards, business decisions, and AI applications, marking a significant step in their digital transformation strategy.
Sapiens International (NASDAQ: SPNS) has scheduled its Third Quarter 2024 financial results announcement for November 11, 2024. The company will host a conference call and webcast at 9:30 a.m. Eastern Time (4:30 p.m. in Israel) to discuss the results. Investors can participate through toll-free numbers provided for North America, International, and UK participants. A live webcast will be available on Sapiens' website, with a replay accessible for 90 days following the event.
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.
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