Sapiens Interntl Stock Price, News & Analysis

Sapiens International (NASDAQ: SPNS) has announced a strategic investment in its CoreSuite for Medical Professional Liability (MPL) to boost growth and innovation in the MPL sector. This expansion aims to enhance policy administration, finance, claims, and risk management, supporting MPL insurers in a consolidating market.

The augmented CoreSuite offers superior integration with vendor solutions, enabling insurers to meet regulatory and industry standards efficiently. Sapiens emphasizes the importance of cloud-based, AI-driven automation for seamless IT implementation and operational efficiency.

This move positions Sapiens as a key player in the MPL ecosystem, offering innovative solutions that empower insurers to manage complex operations while fostering growth and retention.

Sapiens International (NASDAQ: SPNS) has launched its AI-powered, cloud-native platform aimed at enhancing the insurance industry's digital transformation. The platform leverages digital engagement, data intelligence, and machine learning to boost insurers' business decisions and automate processes. This launch is accelerated by the company's integration with Microsoft Azure, offering advanced GenAI capabilities. Sapiens' platform supports end-to-end insurance processes and promises rapid deployment, allowing insurers to adapt swiftly to market changes and improve efficiency.

Sapiens International announced that Bangkok Insurance Public Company (BKI) has successfully implemented Sapiens' Property & Casualty platform. This marks one of the largest and most complex insurance technology upgrades in Thailand. The transition includes Sapiens IDITSuite, ReinsuranceMaster, and Intelligence, providing BKI with enhanced operational efficiency, accelerated growth, and lower costs. The platform supports multiple business functions like policies, claims, and document management, while integrating digital APIs for seamless digital sales channels. BKI's CEO, Dr. Apisit Anantanatarat, praised Sapiens' superior integration capabilities and regional compliance.

Blender Technologies (TASE: BLND), a fintech firm specializing in credit and financing solutions, has partnered with Sapiens International (NASDAQ: SPNS), a software provider for the insurance industry. Announced on June 5, 2024, this collaboration aims to broaden Blender's global presence. Sapiens will use its extensive client network to market Blender's cloud-based credit platform, which leverages big data, machine learning, and behavioral economics to enhance underwriting decisions and digitize lending processes. This partnership is expected to drive substantial growth opportunities for both companies.

Sapiens International (NASDAQ: SPNS), a global provider of insurance software solutions, announced participation in upcoming investor conferences.

Chief Financial Officer Roni Giladi and Chief Marketing Officer Yaffa Cohen-Ifrah will represent the company at two events. They will attend the Jefferies Software Conference on May 29-30, 2024, at The Resort at Pelican Hill, California. Cohen-Ifrah will host a fireside chat on May 30, from 1:00 - 1:25 PM PDT, and hold one-on-one meetings on May 29-30.

Sapiens will also participate in the William Blair 43rd Annual Growth Stock Conference, June 4-6, 2024, at Loews Chicago Hotel, Illinois. Giladi will host a presentation on June 5 from 4:40 - 5:10 PM CDT, followed by a breakout session from 5:10 - 5:40 PM CDT in 'Sullivan B'.

For more details or to schedule a meeting, contact the representative at the respective firms.

Sapiens International (NASDAQ: SPNS) announced that Republic Life, a Caribbean-based insurer, has implemented Sapiens CoreSuite for Life & Annuities and Sapiens Digital Suite on Microsoft Azure cloud. This launch marks Republic Life as the first Caribbean insurer to offer a fully digital, direct-to-consumer life insurance service. The platform enables quick product launches, point-of-sale decision making, and policy servicing through an innovative customer portal. Republic Life aims to disrupt the regional market and enhance customer experience, achieving implementation within 11 months. This move is expected to accelerate growth and market expansion for Republic Life.

Sapiens International reported its first quarter 2024 financial results, showcasing a 7.6% increase in revenue to $134.2 million, with impressive growth in North America and an operating profit of $24 million. The company's ARR grew by 12.7% to $168 million, and a strong partnership with Microsoft is driving their SaaS strategy. Sapiens reiterated its 2024 guidance with non-GAAP revenues projected in the range of $550-555 million and non-GAAP operating margin between 18.1% and 18.5%.

Sapiens International , a leading provider of software solutions for the insurance industry, will participate in the Needham Technology, Media, & Consumer Conference on May 15, 2024. Yaffa Cohen-Ifrah, Chief Marketing Officer, will host a group presentation and conduct one-on-one meetings on that day.