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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HOLON, Israel, Sept. 29, 2021 /PRNewswire/ -- Sapiens International Corporation (NASDAQ: SPNS) and (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced that Gjensidige Pensjonsforsikring (GPF), a leading provider of defined contribution, investment products, pension plans and risk products for groups and individuals in the Norwegian market, has decided to expand its partnership with Sapiens and implement Sapiens API Composition Engine (ACE).

Norway's Gjensidige Pensjonsforsikring Selects Sapiens to Empower its Digital Transformation with Sapiens' Agnostic API Layer

RALEIGH, N.C., Sept. 22, 2021 /PRNewswire/ -- Sapiens International Corporation (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced an agreement with Tokio Marine Highland, a leading property and casualty underwriting agency, to implement Sapiens ClaimsPro, which is part of Sapiens CoreSuite for Property and Casualty.

Tokio Marine Highland Selects Sapiens to Accelerate its Claims Transformation

HOLON, Israel, Sept. 13, 2021 /PRNewswire/ -- Sapiens International Corporation (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced the integration of Sapiens ReinsuranceMaster for Old Mutual Insure, the oldest insurer in South Africa, which services personal, commercial and corporate customers across South Africa and in Namibia, Botswana, Zimbabwe, and Nigeria under the Old Mutual brand.

Old Mutual Insure, South Africa's Oldest Non-Life Insurer, Selects Sapiens to Automate and Streamline its Reinsurance Processes

HOLON, Israel, Sept. 9, 2021 /PRNewswire/ -- Sapiens International Corporation (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced that HDI Global Specialty SE (HGS), a global specialty insurer, part of the Talanx Group, and a joint venture of Hannover Re and HDI Global, has selected Sapiens for its core transformation with the implementation of Sapiens IDITSuite.

HDI Global Specialty SE (HGS) Selects Sapiens to Accelerate Growth and Enable Faster Time-to-Market

HOLON, Israel, Sept. 1, 2021 /PRNewswire/ -- Sapiens International Corporation (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced that members of the senior management team will participate in two investor conferences to be held virtually in September.

Sapiens to Participate in Two Investor Conferences in September 2021

HOLON, Israel, Aug. 26, 2021 /PRNewswire/ -- Sapiens International Corporation (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced that one of South Africa's top five financial institutions with nearly 10 million customers, has chosen Sapiens as their transformation partner. The financial institution will implement Sapiens' cloud-hosted,  IDITSuite for short-term insurance and Sapiens Intelligence, with the help of Sapiens Managed Services.

South African Financial Institution Partners with Sapiens on Cloud-Hosted Bancassurance Solutions

HOLON, Israel, Aug. 19, 2021 /PRNewswire/ -- Sapiens International Corporation (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced the go-live of a digital core upgrade of its Sapiens IDITSuite solution at DirectAsia, a leading and innovative digital automobile and travel insurer in Singapore and Thailand, wholly owned by global insurer Hiscox.  DirectAsia has been live on Sapiens IDITSuite in Singapore since 2009 and in Thailand since 2012.

DirectAsia Goes Live with Sapiens' Digital Core Upgrade, Introducing New Digital Partnerships and Distribution Channels

HOLON, Israel, Aug. 12, 2021 /PRNewswire/ -- Sapiens International Corporation (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced that Dentists' Provident, a mutual organization and a leading provider of income protection insurance to dentists in the UK and Ireland, has decided to implement Sapiens DigitalSuite platform. The program will refresh Dentists' Provident's digital customer and agent portals and will accelerate its digital transformation.

Dentists' Provident Selects Sapiens to Leverage Market Trends and Accelerate Digital Transformation

HOLON, Israel, Aug. 10, 2021 /PRNewswire/ -- Sapiens International Corporation (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced that members of the management team will participate in two investor conferences to be held virtually. On August 11, 2021 Sapiens will present at William Blair's 4th Annual Insurance Technology Virtual Conference and on Wednesday, August 18 and Thursday, August 19 at Needham's 3rd Annual Virtual FinTech & Digital Transformation 1x1 Conference.

Sapiens to Participate in Investor Conferences in August 2021

Sapiens International Corporation N.V. (SPNS) CEO Roni Al-Dor on Q2 2021 Results - Earnings Call Transcript

Sapiens International Corp NV (NASDAQ: SPNS) reported second-quarter FY21 non-GAAP revenue growth of 23.6% year-on-year to $115 million. GAAP revenue increased 22.9% Y/Y to $114.4 million, beating the analyst consensus of $112.54 million.

Why Is Sapiens International Stock Trading Higher Today?

Sapiens (SPNS) delivered earnings and revenue surprises of 11.54% and 1.80%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Sapiens (SPNS) Q2 Earnings and Revenues Top Estimates

HOLON, Israel, Aug. 4, 2021 /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 second quarter ended June 30, 2021.   Summary Results for Second Quarter 2021 (USD in millions, except per share data) GAAP Non-GAAP June 30, 2021 June 30, 2020 % Change June 30, 2021 June 30, 2020 % Change Revenue $114.4 $93.1 22.9% $115.0 $93.1 23.6% Gross Profit $46.6 $38.3 21.9% $51.7 $41.9 23.4% Gross Margin 40.8% 41.1% (30) bps 45.0% 45.0% - Operating Income $13.2 $12.4 6.2% $19.8 $16.8 17.9% Operating Margin 11.5% 13.3% (180) bps 17.2% 18.0% (80) bps Net Income (*) $10.4 $9.3 11.9% $16.0 $13.3 19.7% Diluted EPS $0.19 $0.18 5.6% $0.29 $0.26 11.5% (*) Attributable to Sapiens' shareholders.

Sapiens Reports Second Quarter 2021 Financial Results

HOLON, Israel, July 29, 2021 /PRNewswire/ -- Sapiens International Corporation (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced that one of Thailand's leading non-life insurers has selected Sapiens for its large-scale digital core transformation. Sapiens end-to-end solutions for non-life (general) insurance will transform the insurer's 30-year-old legacy core through the implementation of Sapiens IDITSuite, Sapiens ReinsuranceMaster, Sapiens Intelligence and Sapiens DigitalSuite's API layer.

Sapiens Selected for One of the Largest Digital Core Transformations in APAC by a Leading Non-Life Thailand-based Insurer

Sapiens (SPNS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Sapiens (SPNS) Reports Next Week: What You Should Expect

HOLON, Israel, July 22, 2021 /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 financial results on Wednesday, August 4, 2021, for the second quarter that ended on June 30, 2021. The company will host a conference call and webcast on August 4, 2021, at 9:30 a.m.

Sapiens To Announce Second Quarter 2021 Financial Results On August 4, 2021

HOLON, Israel, July 21, 2021 /PRNewswire/ -- Sapiens International Corporation (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced a partnership with Munich Re, one of the world's leading providers of reinsurance, primary insurance and insurance-related risk solutions, to offer technology-led consultancy and services to enable primary insurers to better serve the commercial insurance market (small and medium sized businesses) in the UK,  thereafter expanding to the Nordics and South Africa. The commercial insurance market is one of the fastest growing insurance sectors in the UK.

Sapiens and Munich Re Partner to Help Insurers Target the Commercial Insurance Market

HOLON, Israel, July 14, 2021 /PRNewswire/ -- Sapiens International Corporation (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced a new release of Sapiens Decision, which is designed to set a new benchmark for decision management platforms. Decision enables business users to manage business decisions across enterprise systems – holistically, easily and accurately – boosting their digital transformation to the next level of operational efficiency, responsiveness and customer engagement.

Latest Release of Sapiens Decision Empowers Insurers to Manage Virtually Unlimited Decision Logic Changes in Minutes

JPMorgan analyst Jackson Ader downgraded Sapiens International Corp NV (NASDAQ: SPNS) to Neutral from Overweight with a $35 price target after assuming coverage of the name.  The price target implies a 37.9% upside potential.

JPMorgan Downgrades Sapiens International To Neutral, Sees 38% Upside

HOLON, Israel, June 30, 2021 /PRNewswire/ -- Sapiens International Corporation (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced the availability of two additional cloud-native components of its DigitalSuite, a dynamic, digital engagement and enablement platform that helps insurers accelerate their digital transformation: Sapiens Journey & Form Composer. Created and designed exclusively for the insurance market by some of the industry's leading digital experts, Sapiens Journey & Form Composer can be implemented stand-alone, or as part of a full digital enablement program.

Sapiens' Enhanced Digital Solution Empowers Business Users, Accelerates Time to Market and Reduces Costs

HOLON, Israel, June 23, 2021 /PRNewswire/ --  Sapiens International Corporation (NASDAQ and TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced the company was recognized by research and strategic advisory firm Novarica as a dominant provider of illustration solutions to insurers in Novarica's 2021 Market Navigator report. Sapiens was identified as a Dominant Provider for its strong market position and momentum, and for its well-known solution Sapiens IllustrationPro.

Novarica Recognizes Sapiens as a Dominant Provider of Illustration Solutions in their 2021 Market Navigator

HOLON, Israel, June 16, 2021 /PRNewswire/ -- Sapiens Americas, a wholly owned subsidiary of Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today a new partnership with Long Group Consultants, Inc. that will empower insurers to meet ISO and NCCI statistical reporting requirements simply and seamlessly, while reducing costs, errors and risks. The partnership will offer workers' compensation and P&C insurers with an out-of-the-box solution for statistical reporting required for data calls, submissions to bureaus or statement reconciliations.

Sapiens Offers Insurers an Effective Way to Meet ISO and NCCI Reporting Requirements

HOLON, Israel, June 9, 2021 /PRNewswire/ -- Sapiens Americas, a wholly owned subsidiary of Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that Illinois Mutual Life Insurance (IML), a company that services 47 U.S. states and serves over 8,600 independent agents, has implemented two Sapiens' life solutions as part of its digital transformation project. Sapiens IllustrationPro for Life & Annuities and Sapiens ApplicationPro for Life & Annuities were implemented within Illinois Mutual's projected timeline and are the first of multiple implementations in their digital strategy.

Illinois Mutual Life Insurance Goes Live with Sapiens Life Insurance Solutions, as part of its Digital Transformation

HOLON, Israel, June 2, 2021 /PRNewswire/ -- Sapiens Americas, a wholly owned subsidiary of Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today the roll-out of its newly upgraded CoreSuite for Workers' Compensation software package with the second largest overall workers' compensation provider in the US.     The Ohio Bureau of Workers' Compensation (BWC) is the first insurance carrier to complete this significant upgrade of Sapiens CoreSuite for Workers' Compensation.

Upgrade to Sapiens CoreSuite for Workers' Compensation Goes Live in Ohio

HOLON, Israel, May 26, 2021 /PRNewswire/ -- Sapiens Americas, a fully owned subsidiary of Sapiens International Corporation, (NASDAQ: SPNS) and (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that Beneva, Canada's largest mutual insurance provider, has successfully upgraded to Sapiens UnderwritingPro Version 11. Beneva was created in 2020 through the coming together of La Capitale and SSQ Insurance to become the largest insurance mutual in Canada with more than 3.5 million members and customers.

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