Sapiens is positioned in the Leaders quadrant, based on
completeness of vision and ability to execute
HOLON, Israel, Dec. 17, 2018 /PRNewswire/ -- Sapiens
International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading
global provider of software solutions for the insurance industry,
announced today that Sapiens was positioned as a Leader in
Gartner's Magic Quadrant for Non-Life Insurance Platforms,
Europe.
Sapiens was recognised in the Leaders quadrant. Gartner
defines the non-life-insurance platforms market as composed of
'offerings that support key technologies focused on customers,
partners, data or things'.
The Sapiens suite for the property and casualty (P&C) market
in Europe is Sapiens IDIT. The
suite provides a single application suite with individual
components supporting policy, billing and claims functionality. In
addition, it provides broader platform capabilities, including
pre-integrated agent and consumer portals, and BI and Analytics
solutions. Sapiens IDIT suite is supporting personal, commercial,
specialty and workers' compensation lines of business.
"European non-life-insurance platform vendors take very
different approaches to innovation, implementation and the
provisioning of platform capabilities," wrote Sham Gill, research
director at Gartner. "This creates confusion about how to compare
them. CIOs can use this research to identify and evaluate vendors
and solutions suited to their goals."
"Sapiens believes this recognition from a leading and trusted
research firm would not have been possible without our engaged user
community," said Roni Al-Dor,
president and CEO, Sapiens. "We provide multiple avenues for users
to contribute to the future direction of the suite, including last
year's well-attended annual user conference in Portugal, and customer-run user groups."
"Sapiens centralised digital division, which collaborates with
insurtechs and partners to develop new insurance solutions, has
significantly enhanced our non-life offering to Europe," continued Al-Dor. "Innovative
capabilities enable insurers to transform paper forms and documents
into a customer-driven digital experience."
Sapiens IDIT is a component-based software solution suite
designed for the P&C market that can be deployed modularly,
while integrating with customers' ecosystems' components. It
enables carriers, managing general agents (MGAs) and brokers to
meet critical and long-term business goals via traditional and
digitised channels and operating models, including direct
insurance, bancassurance and digital channels.
*Gartner: 'Magic Quadrant for Non-Life-Insurance Platforms,
Europe', Sham Gill, November 26, 2018.
Gartner does not endorse any vendor, product or service
depicted in its research publications, and does not advise
technology users to select only those vendors with the highest
ratings or other designation. Gartner research publications consist
of the opinions of Gartner's research organisation and should not
be construed as statements of fact. Gartner disclaims all
warranties, expressed or implied, with respect to this research,
including any warranties of merchantability or fitness for a
particular purpose.
About Sapiens
Sapiens International Corporation is a leading and global
software provider for the insurance industry, with a 30-year track
record of delivering to more than 400 organizations. The company
offers software platforms, solutions and services, including a full
digital suite, to satisfy the needs of property and casualty, and
life, pension and annuity providers. Sapiens also services the
reinsurance, workers' compensation, financial and compliance, and
decision management markets.
The company's portfolio includes policy administration, billing
and claims, underwriting, illustration and electronic application.
The digital suite features customer and agent portals, and a
business intelligence platform. For more
information: www.sapiens.com.
Investor and Media Contact
Yaffa Cohen-Ifrah
Chief Marketing Officer and Head of Corporate Communications
Sapiens International
Mobile: +1-201-250-9414
Phone: +972-3-790-2026
Email: Yaffa.cohen-ifrah@sapiens.com