Sapiens International

Sapiens International Corp. NV provides software solutions for the insurance industry. It offers core, end-to-end solutions to the global general insurance, property and casualty, life, pension and annuities, reinsurance and retirement markets, as well as business decision management software. The company was founded by Joseph Bolless and Ron Zuckerman in 1982 and is headquartered in Holon, Israel.

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Sapiens International reports solid Q2 growth and eyes global expansion

Sapiens International's Q2 performance reflects revenue growth, operational efficiency, and successful product launches.
The company's strengths lie in strategic investments, global market presence, and focus on digital transformation.
Challenges include market competition, technology integration, and maintaining cost-effectiveness.
Opportunities for Sapiens include North America expansion, innovation in AI solutions, and global market exploration.

Sapiens reports revenue growth in Q3 amidst SaaS transition

Sapiens International (SPNS) demonstrated revenue growth and profitability in Q3 2024, driven by North America success.
While facing challenges from the transition to a SaaS model, the company maintains a strong focus on innovation and expense management.
Opportunities lie in leveraging AI capabilities, expanding customer base, and solidifying market position in the insurance industry.

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Sapiens International , an Israel-headquartered insurance software firm with a market value of nearly $2 billion, is exploring options that include a potential sale, according to people familiar with the matter.

Exclusive: Israeli insurance software maker Sapiens explores sale, sources say

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ROCHELLE PARK, N.J. , March 26, 2024 /PRNewswire/ -- Sapiens International Corporation N.V.

Sapiens Files Annual Report on Form 20-F for the Year Ended December 31, 2023

ROCHELLE PARK, N.J., March 25, 2024 /PRNewswire/ -- Sapiens International Corporation N.V.

SAPIENS DECLARES CASH DIVIDEND OF $15.6 MILLION, OR $0.28 PER SHARE FOR THE SECOND HALF OF 2023

Sapiens P&C claims management solution  also received four XCelent awards for excellence in advanced technology and breadth of functionality UXBRIDGE, England , March 21, 2024 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced that Sapiens IDITSuite for Property & Casualty module, ClaimsMaster, received the highest ranking of Luminary in Celent's 2024 Claims Systems Vendors report in EMEA and APAC, for excellence in advanced technology and breadth of functionality.  Sapiens is the only vendor out of more than 20 claims solutions in EMEA and APAC that was selected for both the Luminary as well as four XCelent awards.

Celent Names Sapiens P&C Claims Solution as 2024 Luminary in EMEA and APAC

Sapiens received Celent's highest ranking for excellence in advanced technology and breadth of functionality   ROCHELLE PARK, N.J. , March 11, 2024 /PRNewswire/ --  Sapiens International Corporation , (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced that Sapiens ClaimsPro for Property & Casualty in North America received the highest ranking of Luminary in Celent's 2024 Claims Systems Vendors report, for excellence in advanced technology and breadth of functionality.

Celent Names Sapiens ClaimsPro for P&C in North America as 2024 Luminary

By bolstering workforce and expertise in Canada, Sapiens fosters continued growth and innovation for regional customers ROCHELLE PARK, N.J. , March 4, 2024 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today its strategic expansion in the Canadian market, marking a significant milestone in Sapiens' growth trajectory.

Sapiens Expands Presence in Canadian Market to Accelerate Growth for Canadian Insurers

The strategic collaboration accelerates operational efficiencies and drives premium growth for P&C insurers ROCHELLE PARK, N.J. , Feb. 26, 2024 /PRNewswire/ -- Sapiens International Corporation (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, and DataCrest, a pioneer in innovative insurance solutions, today announced the formation of a strategic partnership to revolutionize the application process and drive premium growth for P&C insurers.

Sapiens and DataCrest Forge Partnership to Elevate Underwriting Precision in P&C Sector

Sapiens IDITSuite and DigitalSuite unify BHSF's customer journeys with digital-first, highly automated processes on the Microsoft Azure cloud  HOLON, Israel , Feb. 21, 2024 /PRNewswire/ --  Sapiens International Corporation , (NASDAQ and TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced that BHSF, a UK "profit for good" health and wellbeing provider, has chosen to deploy Sapiens Platform including Sapiens IDITSuite for Property & Casualty and  Sapiens DigitalSuite. Sapiens' end-to-end solution includes core policy, billing, and claims, as well as digital customer/employee and employer applications, configured for BHSF's personal accident and health and wellbeing cash plan products, all delivered in the Sapiens Cloud.

UK Insurer BHSF Selects Sapiens SaaS Platform for Digital Transformation and Enhanced Customer Experiences

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Sapiens International Corporation N.V. (SPNS) Q4 2023 Earnings Call Transcript

Sapiens (SPNS) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.34 per share. This compares to earnings of $0.32 per share a year ago.

Sapiens (SPNS) Q4 Earnings and Revenues Surpass Estimates

HOLON, Israel , Feb. 20, 2024 /PRNewswire/ --  Sapiens International Corporation , (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced its financial results for the fourth quarter ended December 31, 2023.   Summary Results for Fourth Quarter 2023 (USD in millions, except per share data) GAAP Non-GAAP Q4 2023 Q4 2022 % Change Q4 2023 Q4 2022 % Change Revenue $130.9 $119.5 9.5 % $130.9 $119.5 9.6 % Gross Profit $55.9 $50.3 11.2 % $59.4 $53.8 10.4 % Gross Margin 42.8 % 42.1 %   70 bps 45.4 % 45.0 % 4 0 bps Operating Income $20.1 $16.5 21.9 % $24.2 $21.1 14.7 % Operating Margin 15.4 % 13.8 %  160 bps 18.4 % 17.6 % 80 bps Net Income (*) $17.0 $13.4 27.0 % $20.1 $18.0 11.4 % Diluted EPS $0.30 $0.24 25.0 % $0.36 $0.32 12.5 %     Summary Results for Full Year end  2023 (USD in millions, except per share data) GAAP % Change Non-GAAP % Change 2023 2022 2023 2022 Revenue $514.6 $474.7 8.4 % $514.8 $474.8 8.4 % Gross Profit $219.6 $200.2 9.7 % $233.0 $213.5 9.1 % Gross Margin 42.7 % 42.2 % 5 0 bps 45.3 % 45.0 % 3 0 bps Operating Income $78.9 $66.5 18.6 % $94.1 $83.5 12.8 % Operating Margin 15.3 % 14.0 % 130 bps 18.3 % 17.6 % 70 bps Net income (*) $62.4 $52.6 18.7 % $75.0 $67.2 11.7 % Diluted EPS $1.12 $0.95 17.9 % $1.35 $1.21 11.6 % (*) Attributable to Sapiens' shareholders   Roni Al-Dor, President and CEO of Sapiens, stated, "In 2023, Sapiens executed its growth strategy across our regions and product lines, achieving an 8.4% growth in non-GAAP revenue and bolstering non-GAAP operating profit by an impressive 12.8%.

Sapiens Reports Fourth Quarter 2023 Financial Results

Hosted on Microsoft Azure, Sapiens' platform empowers German pet insurer to launch products faster, easier and more cost-efficiently HOLON, Israel , Feb. 8, 2024 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced that German pet insurance brand Cleos has gone live with Sapiens SCIPSuite to accelerate Cleos' underwriting, digital sales and go-to-market processes. Hosted on Microsoft Azure, Sapiens SCIPSuite was implemented in under three months, empowering the greenfield insurer Cleos with the digital tools to launch their first products within days.

Cleos Goes Live with Sapiens SCIPSuite for Seamless Launch of New Products

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The partnership will enable insurers to leverage health and wellness monitoring technology for streamlined underwriting and enhanced user experience HOLON, Israel , Feb. 5, 2024 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, and Binah.ai, the number one health and wellness check software provider, today announced a partnership to empower more insurance companies worldwide to use client-provided health data for improved risk management and value-added services at reduced costs. The partnership enables Binah.ai to leverage Sapiens' strong global presence and provide Sapiens' customers with seamless access to Binah.ai's software-based health and wellness check technology.

Sapiens and Binah.ai Partner to Empower Global Life Insurers to Improve Risk Management with AI

Sapiens IDITSuite for Property & Casualty empowers OPES' digital journey with rapid transformatio n HOLON, Israel, Feb. 1, 2024 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that OPES Digital Insurance, the leading digital insurer in Vietnam, has gone live with Sapiens IDITSuite for Property & Casualty, coupled with Sapiens Intelligence, to modernize its core P&C insurance processes. The go-live marks Sapiens' first implementation in Vietnam, as well as the first global deployment of Sapiens' latest release of IDITSuite 19.1.

Vietnam's Digital Insurer OPES Goes Live with Sapiens P&C Platform on Microsoft Azure

HOLON, Israel , Jan. 23, 2024 /PRNewswire/ -- Sapiens International Corporation (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that it will report its financial results for the fourth quarter and year-end 2023, on Tuesday, February 20, 2024.     Management will host a conference call and webcast on February 20, 2024, at 9:30 a.m.

SAPIENS TO ANNOUNCE FOURTH QUARTER and YEAR-END 2023 FINANCIAL RESULTS ON FEBRUARY 20, 2024

Sapiens (SPNS) CoreSuite empowers Gjensidige Pensjonsforsikring (GPF) to lead the Nordic insurance market with enhanced efficiency and digital capabilities.

Sapiens (SPNS) Expanding Partner Base Strengthens Prospect

Sapiens' solution supports GPF's broad digital strategy to enhance life and pensions coverage and accelerate the roll-out of innovative new products HOLON, Israel , Jan. 9, 2024 /PRNewswire/ -- Sapiens International Corporation , (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, and the leading Norwegian insurance company Gjensidige Pensjonsforsikring  (GPF) today announced that GPF has gone live with Sapiens CoreSuite for Life & Pensions  and Sapiens Cloud Services  for their individual savings. GPF is the first Nordic customer to go-live with CoreSuite, which will expand the insurer's digital capabilities and boost its leading market position.

Norwegian Insurer Gjensidige Pensjonsforsikring Goes Live with Sapiens CoreSuite for Life & Pensions

Sapiens provides leading car manufacturer with complete policy portfolio management, accelerating their mission to launch a new IT landscape of services HOLON, Israel , Dec. 12, 2023 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced that a leading European automotive brand has gone live with Sapiens IDITSuite and Sapiens Cloud and Application Management Services for the company's self-guarantee and warranty insurance lines of business. Sapiens' solution replaces the company's existing systems for policy portfolio management and claims management.

European Automotive Leader Goes Live with Sapiens IDITSuite for Auto Insurance

The launch of Sapiens IllustrationPro and Sapiens ApplicationPro expands Sapiens International's (SPNS) portfolio.

Sapiens International (SPNS) Aids Insurers With New Launches

ROCHELLE PARK, N.J. , Dec. 7, 2023 /PRNewswire/ --  Sapiens International Corporation , (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced that management is scheduled to attend the 26th Annual Needham Growth Conference on January 17 and 18, 2024 in New York City.

Sapiens to Participate in the 26th Annual Needham Growth Conference on January 17 & 18, 2024

Version 7.0 provides robust system configurability and report selection for users ROCHELLE PARK, N.J. , Dec. 4, 2023 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced the launch of its latest version of Sapiens IllustrationPro and Sapiens ApplicationPro.

Sapiens Releases Latest Version of IllustrationPro and ApplicationPro with Enhanced Digital Engagement

ROCHELLE PARK, N.J. , Nov. 28, 2023 /PRNewswire/ --  Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that Sapiens IllustrationPro for Life & Annuities has won two of Celent's 2023 XCelent awards, in the Breadth of Functionality and Customer Base and Support categories in the North America region.

Sapiens Wins Two Celent XCelent Awards and Recognized as ''Luminary" for IllustrationPro for Life & Annuities

Sapiens' CoreSuite for Workers Compensation, DigitalSuite, and Intelligence will improve efficiency and automation, delivered through Sapiens' cloud services ROCHELLE PARK, N.J. , Nov. 9, 2023 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that the Saskatchewan Workers' Compensation Board (WCB), a provincially legislated body that administers the provincial compensation system on behalf of workers and employers, has selected Sapiens' CoreSuite for Workers Compensation, DigitalSuite, and Intelligence to transform the WCB's legacy core systems with a modern, integrated platform for efficient service delivery.

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