Sapiens is positioned in the Leaders quadrant, based on
completeness of vision and ability to execute
HOLON, Israel, Nov. 25, 2019 /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."
According to the report, "Gartner defines the non-life-insurance
platform market as composed of offerings that support the concept
of the digital business technology platform through a combination
of core systems and key technologies focused on customers,
partners, data or things."
The Sapiens IDITSuite for Property & Casualty (formerly
called Sapiens IDIT) is a component-based, standalone software
solution suite that offers policy, billing and
claims. IDITSuite supports all end-to-end core operations and
processes for the non-life P&C market from inception, to
renewal and claims. This pre-integrated, fully digital suite offers
customer and agent portals, business intelligence and more.
IDITSuite enables insurers to expand their offerings by testing new
lines of business, products and services using our flexible product
factory.
According to the Gartner report by analysts Sham Gill and
Manav Sachdeva, the Leaders quadrant
is defined as follows: "Leaders have the highest combined scores
for Ability to Execute and Completeness of Vision. They have a
thorough market understanding, a strong non-life-insurance industry
focus, and a clearly articulated vision for the future of the
market and their products. Leaders offer technically solid and
functionally complete software products. They have proven
implementation track records with an adequate installed base.
Leaders are present in multiple European countries, and they have
the necessary human and financial resources to further penetrate
their markets and expand their portfolios of innovative system
capabilities."
"Sapiens has collaborated closely with our clients to improve
upon IDITSuite over the years," said Roni
Al-Dor, president and CEO, Sapiens. "To us, those close
relationships, along with insurtech partnerships that have enabled
Sapiens to offer emerging technologies along with IDITSuite, are a
major reason why our non-life insurance platform is highly
regarded. Europe is a strategic
market for Sapiens and we plan to continue to grow there and offer
leading and innovative solutions."
Sapiens IDITSuite 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, October 24, 2019.
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 organization 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 empowers insurers to succeed
in an evolving industry. The company offers digital software
platforms, solutions and services for the property and casualty,
life, pension and annuity, reinsurance, financial and
compliance, workers' compensation and financial markets. With
more than 35 years of experience delivering to over 450
organizations globally, Sapiens has a proven ability to satisfy
customers' core, data and digital requirements. For more
information: www.sapiens.com
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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