Sapiens Further Expands Partner Network to Fulfill Insurance Processes

This partnership will expand and strengthen Sapiens’ value proposition offering to better serve insurers and insurers.

RALEIGH, NC, Sept. 21, 2022 /PRNewswire/ — The concept of the company Sapiens International Corporation(NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today the expansion of its Partner Network with five new partnerships in the North American market including – CGI, ForMotiv, Hi Marley, ODG and MCG, and Opterix, to provide Sapiens clients with new capabilities powered by modern insurtech solutions.

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Today’s insurers must focus on improving the customer experience using new and emerging technologies. Partnering with the right insurtechs will allow solution providers, such as Sapiens, to offer customers a simple and sophisticated solution that is cost-effective and easy to use. The success of these partnerships will play an important role in the future efforts and actions of insurers in the market.

The breadth of technologies these companies offer together with Sapiens’ market-leading solutions have allowed Sapiens to meet the needs of their clients and expand their solutions to support the digital transformation of insurers around the world.

The five technology providers joining the Sapiens network are:

  • CGI – provides end-to-end services to support insurers in building digital infrastructure, implementing key digital solutions such as data analytics, cybersecurity, and the cloud, as well as creating and managing central transformations

  • ForMotiv – runs real-time machine learning models on thousands of digital objects captured during digital consumption to instantly and accurately predict the user’s intent, enabling users to move.

  • Hi Marley – helps carriers to be successful with its SMS communication platform – designed for insurance. Hi Marley makes it possible for customers to communicate with their carriers through voice, reducing communication failures, resulting in fewer staff and customers, shorter cycle times and cost savings.

  • ANSWER and MCG – provides unbiased, evidence-based advice and technical solutions that support payers, providers, and employers in their efforts to return people to health in workers’ compensation.

  • Opterix images – provides insurers with the information and new tools needed to address future risks of climate change and climate-related risks by reducing exposure in certain areas. Through these insights and tools, insurers can identify, quantify and verify risk before it occurs in real time.

“Having served the industry for 40 years, we at Sapiens understand how to improve and eliminate unsustainable business challenges,” he said. Roni Al Dor, Sapiens President and CEO. “By partnering with innovative and forward-thinking partners in the space we can provide efficient and cost-effective solutions to our clients while expanding the boundaries of insurtech innovation”.

Dedicated to providing their clients with market-leading solutions, Sapiens helps insurers succeed in a dynamic market by enabling change easier, faster, and more efficiently than ever before. Sapiens clients benefit from cutting-edge technologies developed by insurtech startups and technology leaders around the world. The Partner Network gives emerging technology providers the opportunity to showcase their new technologies to some of the world’s leading insurance providers.

Sapiens is available at ITC conference (Booth #2239) center September 21-22at Mandalay Bay Las Vegasand he is there to discuss his contract.

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. Backed by more than 40 years of industry expertise, Sapiens offers a complete insurance platform, with integrated, low-cost solutions and a cloud-first solution that enables customer transformation. Serving more than 600 clients in 30 countries, Sapiens provides property and casualty insurance, workers’ compensation and life markets with a wide range of solutions, from core to complementary, including Reinsurance, Financial & Compliance, Data & Analytics, Digital, and Decision Management . . For more information visit or follow us LinkedIn.

Forward-Looking Statements

Certain matters discussed in this article that are included in the statements herein are forward-looking statements within the meaning of Section 27A of the Securities Act, Section 21E of the Exchange Act and the protected sections of the US Private Securities Litigation Reform Act of 1995. , based on our beliefs. , our thoughts and expectations, as well as the information we currently have. Such forward-looking statements can be identified by using the words “expect,” “believe,” “estimate,” “hope,” “can,” “will,” “plan” and similar words. Such statements reflect our current views on future events and are subject to pandemic risk and uncertainty. 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 forward-looking statements, including, but not limited to, including but not limited to: the degree of our success in our plans to develop our international operations to grow our business; the degree of our success in integrating the companies we have acquired in implementing our M&A growth strategy; the long development processes of our solutions, which can be frustrating. Our ability to realize revenue and/or profit from our new solutions; our long and difficult sales, which do not result in financial realization; the extent to which we are successful in retaining existing customers or competing effectively in the marketplace. ; difficulties in properly planning and managing changes in the size of our operations; the number of long-term, large, complex projects we undertake that involve project cost estimates and profit margins, which sometimes change in between; problems and issues that may affect privacy laws and regulations that they bring to our business; periodic disputes with customers, which could adversely affect our results of operations and reputation; various technical issues related to our business; unexpected threats or cyber security breaches to our systems or our customers; risks related to the insurance business in which our clients operate; risks associated with our business and operations around the world. , such as changes in laws, viruses and epidemics like the recent coronavirus pandemic, which significantly affected the results of our operations, or fluctuations in currency exchange rates; and risks related to our major facilities Israel and our responsibility as a Cayman Islands company.

Although we believe that such forward-looking statements are based on reasonable assumptions, if one or more of those assumptions prove to be incorrect, or if these risks or uncertainties materialize, our actual results could differ materially from those expressed or implied by the forward-looking statements. Please read the risks described under the heading “Risks” in our most recent Annual Report on Form 20-F, for a review of conditions that we believe could cause actual results to differ materially from those contemplated by the forward-looking statements. Do not rely on forward-looking statements as predictions. Although we believe that the expectations expressed in the forward-looking statements are reasonable, we cannot guarantee that future results, performance measures, operations and activities and events expressed in the forward-looking statements will be achieved or will occur. Except as required by law, we are under no obligation to publicly update any forward-looking statements for any reason, to reflect actual results or changes in our expectations.

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