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.

Earnings data Q4 2020

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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.

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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

Manhattan Associates

Microsoft

Computer Software industry participants like Microsoft (MSFT), Manhattan Associates (MANH) and Sapiens International (SPNS) benefit from steady digital transformations and strong adoption of cloud computing despite macroeconomic turbulence.

3 Software Stocks to Watch for in a Thriving Industry

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.

Saskatchewan Workers' Compensation Board Selects Sapiens to Transform its Core Workers' Compensation System

Sapiens International Corporation N.V. (NASDAQ:SPNS ) Q3 2023 Earnings Conference Call November 8, 2023 9:30 AM ET Company Participants Yaffa Cohen-Ifrah – Chief Marketing Officer and Head-Investor Relations Roni Al-Dor – President and Chief Executive Officer Roni Giladi – Chief Financial Officer Alex Zukerman – Chief Strategy Officer Conference Call Participants Dylan Becker – William Blair Kevin Kumar – Goldman Sachs Chris Reimer – Barclays Omri Lapidot – Leumi Partners Operator Welcome to Sapiens International Corporation's 2023 Third Quarter Financial Results Call.

Sapiens International Corporation N.V. (SPNS) Q3 2023 Earnings Call Transcript

Sapiens (SPNS) came out with quarterly earnings of $0.34 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.30 per share a year ago.

Sapiens (SPNS) Meets Q3 Earnings Estimates

HOLON, Israel , Nov. 8, 2023 /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 third quarter ended September 30, 2023. Summary Results for Third Quarter 2023 (USD in millions, except per share data) GAAP   Non-GAAP   Q3 2023   Q3 2022   % Change   Q3 2023   Q3 2022   % Change   Revenue   $130.7   $119.0   9.8 %   $130.8   $119.0   9.9 %   Gross Profit   $56.0   $50.3   11.3 %   $59.3   $53.5   10.7 %   Gross Margin   42.8 %   42.2 %   60 bps   45.3 %   45.0 %   3 0 bps   Operating Income   $20.3   $16.6   22.4 %   $24.1   $20.9   15.1 %   Operating Margin   15.5 %   13.9 %   160 bps   18.4 %   17.6 %   80 bps   Net Income (*)   $15.9   $13.4   18.5 %   $19.1   $16.9   13.1 %   Diluted EPS   $0.28   $0.24   16.7 %   $0.34   $0.30   13.3 %   (*) Attributable to Sapiens' shareholders Roni Al-Dor, President and CEO of Sapiens, stated, "In the third quarter, we delivered strong revenues growth, of 10% to reach $130.8 million, driven by growth in our European and North America regions.

Sapiens Reports Third Quarter 2023 Financial Results

The Summit included more than 500 participants from over 110 insurance companies, customers, and partners ROCHELLE PARK, N.J. , Oct. 30, 2023 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, hosted its annual North America Customer Summit in Tucson, Arizona on October 23-25, 2023.

Sapiens Hosted Annual North America Customer Summit in Tucson, Arizona

HOLON, Israel , Oct. 26, 2023 /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 third quarter 2023, on Wednesday, November 8,  2023. Management will host a conference call and webcast on November 8, 2023, at 9:30 a.m.

SAPIENS TO ANNOUNCE THIRD QUARTER 2023 FINANCIAL RESULTS ON NOVEMBER 8, 2023

TUCSON, Ariz., Oct. 25, 2023 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced the launch of Sapiens Decision Model.AI, integrating Microsoft Azure OpenAI Service into Sapiens Decision to transform the way that business decision models are created.

Sapiens Introduces Decision Model.AI, a Generative AI Solution to Enhance Automation Speeds, Integrating Microsoft Azure OpenAI Service

AAFMAA Partners with Sapiens for an Enhanced and Timely Personalized Digital Experience ROCHELLE PARK, N.J. , Sept. 19, 2023 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that the American Armed Forces Mutual Aid Association (AAFMAA), a non-profit financial solutions provider for military families and Veterans, has selected Sapiens' Pro Series Customer Acquisition SaaS solution, consisting of Sapiens' ApplicationPro, IllustrationPro, UnderwritingPro, and Intelligence, as a part of its legacy modernization and automation initiative.

AAFMAA Selects Sapiens to Modernize Customer Acquisition Processes

Sapiens (SPNS) is benefiting from an expanding clientele, thanks to a robust portfolio and strong partner base.

Sapiens (SPNS) Rides on Strong Clientele & Solid Partner Base

Sapiens CoreSuite for Life & Pensions was chosen for its speed to market and quick implementation time HOLON, Israel , Sept. 7, 2023 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced that a tier-1 bank in South Africa, a long standing customer of Sapiens, is extending their use of Sapiens CoreSuite for Life & Pensions to launch their Group Risk proposition.

Tier-One Bank in South Africa Extends Relationship with Sapiens CoreSuite for Life & Pensions for New Line of Business

Sapiens IDITSuite core solution for short term (P&C) business was chosen to improve time-to-market and reduce complexity for new insurance products HOLON, Israel , Aug. 23, 2023 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced that a tier-1 bank in South Africa went live with Sapiens IDITSuite for Property & Casualty in Namibia as the core system for its short term (non-Life) insurance business there. The bank has already been using IDITSuite for its core short term operations in South Africa, in addition to Sapiens CoreSuite for Life & Pensions for its Life & Annuities business.

Tier-One South African Bank Goes Live Extending its Sapiens Relationship into New Territory

Sapiens CoreSuite for Life and Pensions coupled with Sapiens Intelligence, hosted by Sapiens Cloud Services will support Aktia's ambitions to expand their Life business HOLON, Israel , Aug. 16, 2023 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that Aktia Life, one of Finland's top life insurers with approximately 100,000 customers, has chosen Sapiens as their partner to lead their core system transformation via Sapiens CoreSuite for Life and Pensions. Sapiens was selected for its proven experience in complex insurance ecosystem integrations, providing an end-to-end, cloud-first, digitally enhanced platform for individual and group products, across Life, Wealth and Pension insurances.

Aktia Life Selects Sapiens to Transform its Core Life Insurance Systems

Sapiens' CoreSuite for Workers Compensation, DigitalSuite, and Sapiens Intelligence will improve efficiency and automation, delivered through Sapiens' SaaS platform ROCHELLE PARK, N.J. , Aug. 7, 2023 /PRNewswire/ -- Sapiens International Corporation (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that The South Carolina State Accident Fund (SAF), a state agency that offers guaranteed workers' compensation insurance for governmental entities, has selected Sapiens CoreSuite for Workers Compensation to provide a more intuitive system with detailed workflow automation.

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