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. Sapiens was awarded for its exceptional core
claims system, as well as its continual investments in advanced
digital and cloud-based capabilities and enhanced automation. In
addition, Sapiens Tia Enterprise P&C claims solution and
Sapiens DianaSuite were recognized in Celent's EMEA report.
"To assess vendors for the report, Celent conducts comprehensive
RFIs and market analysis, reviews vendor demonstrations within
multiple scenarios, and looks for evidence of continual investment
in innovation," said Fabio Sarrico,
Celent analyst. "Sapiens demonstrated the functionality of its core
claims solution and its commitment to provide innovative solutions
for insurers."
The report described Sapiens IDITSuite's ClaimsMaster as
"comprehensive, flexible, and highly automated. Sapiens continues
to invest in roadmap items including advanced capabilities. The
solution has been implemented in multiple countries, demonstrating
its adaptability to various market requirements. As the claims
module can also be standalone, it offers a compelling option for
mid-sized and large insurers seeking a robust core insurance suite
or P&C claims module."
"We are very proud that Sapiens has maintained its leading
position in 10 consecutive Celent reports. Celent takes as rigorous
an approach to vendor assessment as if they themselves were
insurers. Sapiens demonstrated the exceptional functionality of our
platform tech-stack," said Roni
Al-Dor, Sapiens President and CEO. "Celent's recognition
reinforces our position as a leading claims solution and
underscores our strong regional presence across multiple lines of
business for local and multi-national carriers."
Sapiens IDITSuite for Property & Casualty is an AI-powered,
end-to-end insurance software solution, with ClaimsMaster,
PolicyMaster, and BillingMaster modules, serving EMEA/APAC
enterprises. Sapiens Tia Enterprise serves Nordic/LATAM insurers
with a powerful core system, and Sapiens DianaSuite serves the
Iberian region with a complete administration solution.
To download Celent's Claims Systems Vendors EMEA P&C
Insurance Awards Report: Click here.
About Sapiens
Sapiens International Corporation (NASDAQ and TASE: SPNS)
empowers the financial sector, with a focus on insurance, to
transform and become digital, innovative, and agile. With more than
40 years of industry expertise, Sapiens' cloud-based SaaS insurance
platform offers pre-integrated,
low-code capabilities across core, data, and digital
domains to accelerate our customers' digital transformation.
Serving over 600 customers in more than 30 countries, Sapiens
offers insurers across property and casualty, workers'
compensation, and life insurance markets the most
comprehensive set of solutions, from core to complementary,
including Reinsurance, Financial & Compliance, Data &
Analytics, Digital, and Decision Management. For more
information visit https://sapiens.com or follow us
on LinkedIn
Investor and Media Contact
Yaffa Cohen-Ifrah
Sapiens Chief Marketing Officer and Head of Investor
Relations
Email: Yaffa.cohen-ifrah@sapiens.com
Forward-Looking Statements
Certain matters discussed in this press release that are
incorporated herein by reference are forward-looking statements
within the meaning of Section 27A of the Securities Act, Section
21E of the Exchange Act and the safe harbor provisions of the U.S.
Private Securities Litigation Reform Act of 1995, that are based on
our beliefs, assumptions and expectations, as well as information
currently available to us. Such forward-looking statements may be
identified by the use of the words "anticipate," "believe,"
"estimate," "expect," "may," "will," "plan" and similar
expressions. Such statements reflect our current views with respect
to future events and are subject to pandemic risks and
uncertainties. There are important factors that could cause our
actual results, levels of activity, performance or achievements to
differ materially from the results, levels of activity, performance
or achievements expressed or implied by the forward-looking
statements, including, but not limited to: the degree of our
success in our plans to leverage our global footprint to grow our
sales; the degree of our success in integrating the companies that
we have acquired through the implementation of our M&A growth
strategy; the lengthy development cycles for our solutions, which
may frustrate our ability to realize revenues and/or profits from
our potential new solutions; our lengthy and complex sales cycles,
which do not always result in the realization of revenues; the
degree of our success in retaining our existing customers or
competing effectively for greater market share; difficulties in
successfully planning and managing changes in the size of our
operations; the frequency of the long-term, large, complex projects
that we perform that involve complex estimates of project costs and
profit margins, which sometimes change mid-stream; the challenges
and potential liability that heightened privacy laws and
regulations pose to our business; occasional disputes with clients,
which may adversely impact our results of operations and our
reputation; various intellectual property issues related to our
business; potential unanticipated product vulnerabilities or
cybersecurity breaches of our or our customers' systems; risks
related to the insurance industry in which our clients operate;
risks associated with our global sales and operations, such as
changes in regulatory requirements, wide-spread viruses and
epidemics like the recent novel coronavirus pandemic, which
adversely affected our results of operations, or fluctuations in
currency exchange rates; and risks related to our principal
location in Israel and our status
as a Cayman Islands
company.
While we believe such forward-looking statements are based on
reasonable assumptions, should one or more of the underlying
assumptions prove incorrect, or these risks or uncertainties
materialize, our actual results may differ materially from those
expressed or implied by the forward-looking statements. Please read
the risks discussed under the heading "Risk Factors" in our most
recent Annual Report on Form 20-F, to review conditions that we
believe could cause actual results to differ materially from those
contemplated by the forward-looking statements. You should not rely
upon forward-looking statements as predictions of future events.
Although we believe that the expectations reflected in the
forward-looking statements are reasonable, we cannot guarantee that
future results, levels of activity, performance and events and
circumstances reflected in the forward-looking statements will be
achieved or will occur. Except as required by law, we undertake no
obligation to update publicly any forward-looking statements for
any reason, to conform these statements to actual results or to
changes in our expectations.
Logo:
http://mma.prnewswire.com/media/585787/Sapiens_Logo.jpg
View original
content:https://www.prnewswire.com/news-releases/celent-names-sapiens-pc-claims-solution-as-2024-luminary-in-emea-and-apac-302095935.html
SOURCE Sapiens International Corporation