Sapiens Interntl Stock Price, News & Analysis

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.

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.