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

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Mar 21, 2024, 08:20 ET

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: [email protected]

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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. 

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SOURCE Sapiens International Corporation