HOLON, Israel, Jan. 12, 2022 /PRNewswire/ -- Sapiens
International Corporation, (NASDAQ: SPNS) and (TASE: SPNS), a
leading global provider of software solutions for the insurance
industry, announced today that Sapiens CoreSuite for Life &
Pension won the Celent 2021 XCelent award in the Breadth of
Functionality category, and was recognized as a "Luminary"
solution, excelling in both Advanced Technology and Breadth of
Functionality.
The recognition of Sapiens by Celent illustrates Sapiens' depth
of impact, breadth of knowledge and keen understanding of the
global life and pension insurance industry. This marks the second
time Sapiens CoreSuite was recognized by Celent, after having won
the 2019 Celent XCelent Award.
Research and consulting firm Celent analyzed 36 policy
administration systems for EMEA life insurance, using the Celent
ABC Vendor View, a resource for identifying premier technology
solutions serving the insurance and financial industries. The
vendor view shows the relative positions of each vendor in three
categories: Advanced Technology, Breadth of Functionality, and
Customer Base and Support.
"Sapiens is extremely gratified to be recognized as an industry
leader and to receive the prestigious Celent XCelent Award once
again," said Roni Al-Dor, Sapiens
president and CEO. "I am especially pleased that Celent not only
recognized the excellent and wide functionality of our platform and
its advanced technical capabilities, but also gave a nod to
Sapiens' strong team of deep domain experts. We are proud that
Celent has taken notice of our continued investment in our
CoreSuite for Life & Pension and our product strategy that was
"on trend" with the move toward open, multi-core environments
wrapped by a middle layer and with new innovative client
propositions."
According to the Celent report: "Sapiens has continued to invest
in the platform, with a sharper focus on user experience
improvements. The current internal user interface is still ahead of
many of its peers. Sapiens CoreSuite L&P continues to be a
primary system within the EMEA marketplace for insurers to
consider. The product is backed up by a strong team of deep domain
experts."
Sapiens CoreSuite for Life & Pension is an end-to-end,
cloud-based software solution with enhanced digital capabilities
for the management of both individual and group life, investments
and medical products on a single platform.
To download the 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. Backed by more
than 35 years of industry expertise, Sapiens offers a complete
insurance platform, with pre-integrated, low-code solutions and a
cloud-first approach that accelerates customers' digital
transformation. Serving over 600 customers in 30 countries, Sapiens
offers insurers across property and casualty, workers compensation
and life 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 www.sapiens.com or
follow us on LinkedIn.
Media
Contact
Shay Assaraf
Chief of Marketing, Sapiens
Shay.assaraf@sapiens.com
Investor's
Contact
Kimberly Rogers
Managing Director, Hayden IR
kim@HaydenIR.com
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Forward Looking Statements
Certain matters discussed in this press release that are
incorporated herein by reference are forward-looking statements
within the meaning of Section 27A of the Securities Act, Section
21E of the Exchange Act and the safe harbor provisions of the U.S.
Private Securities Litigation Reform Act of 1995, that are based on
our beliefs, assumptions and expectations, as well as information
currently available to us. Such forward-looking statements may be
identified by the use of the words "anticipate," "believe,"
"estimate," "expect," "may," "will," "plan" and similar
expressions. Such statements reflect our current views with respect
to future events and are subject to pandemic risks and
uncertainties. 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 the forward-looking
statements, including, but not limited to: the degree of our
success in our plans to leverage our global footprint to grow our
sales; the degree of our success in integrating the companies that
we have acquired through the implementation of our M&A growth
strategy; the lengthy development cycles for our solutions, which
may frustrate our ability to realize revenues and/or profits from
our potential new solutions; our lengthy and complex sales cycles,
which do not always result in the realization of revenues; the
degree of our success in retaining our existing customers or
competing effectively for greater market share; difficulties in
successfully planning and managing changes in the size of our
operations; the frequency of the long-term, large, complex projects
that we perform that involve complex estimates of project costs and
profit margins, which sometimes change mid-stream; the challenges
and potential liability that heightened privacy laws and
regulations pose to our business; occasional disputes with clients,
which may adversely impact our results of operations and our
reputation; various intellectual property issues related to our
business; potential unanticipated product vulnerabilities or
cybersecurity breaches of our or our customers' systems; risks
related to the insurance industry in which our clients operate;
risks associated with our global sales and operations, such as
changes in regulatory requirements, wide-spread viruses and
epidemics like the recent novel coronavirus pandemic, which
adversely affected our results of operations, or fluctuations in
currency exchange rates; and risks related to our principal
location in Israel and our status
as a Cayman Islands company.
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, in order 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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