The partnership with Intellagents, a FatBrain AI company,
creates opulent opportunities for P&C customers
RALEIGH, N.C., Aug. 16, 2022 /PRNewswire/ -- Sapiens
International Corporation, (NASDAQ: SPNS) (TASE: SPNS),
a leading global provider of software solutions for the insurance
industry, announced today an agreement with Intellagents, a
no-code, hybrid cloud, independent insurance marketplace platform
provider.
The partnership expands the Sapiens CoreSuite for
P&C ecosystem and connects agents and insurers to a new
digital marketplace with best-in-class insurtech solutions, data
sources, AI providers and more. The new solution eliminates
the costly friction of integrating legacy and modern systems and
orchestrates agile and efficient performance over a single dynamic
API marketplace.
"We are pleased to partner with Sapiens. Part of our success is
due to our diligence in bringing together tried-and-true
technologies and services so users can be confident they are
working with secure applications from trustworthy, stable vendors.
We look forward to working with Sapiens to equip its P&C
solutions with unprecedented reach," says Mark Stender, CEO of Intellagents.
The partnership grants insurers access to hundreds of data and
insurtech providers and thus reducing insurance cycle times,
increasing efficiency, and collaborating transparently while
enhancing user experience.
"Sapiens is incredibly excited to announce this partnership. The
marketplace is massive and for our customers, it means the ability
to leverage all the best-in-class insurtech technologies without
having to embark on costly, time-consuming integration projects,"
says Jamie Yoder, Sapiens President
& General Manager, North
America.
Intellagents' platform will integrate with Sapiens CoreSuite for
P&C solution to deliver a vast data marketplace on a single
adapter, thereby eliminating the need to build additional
integrations for new interfaces. Sapiens CoreSuite for P&C is a
customer-centric, low-code enterprise suite that empowers insurers
to rapidly meet evolving business and customer needs.
About Intellagents
Founded in 2019, Intellagents is the only no-code, hybrid cloud,
independent insurance integration platform, connecting agents,
insurers, and new digital marketplaces and ecosystems with
best-in-class insurtech solutions, data, and AI providers, core and
legacy systems to power "Real Change" in the insurance industry.
Intellagents removes the costly friction of integrating old and new
solutions, and orchestrates agile, efficient performance through
one dynamic API marketplace. www.intellagents.com
About Sapiens
Sapiens International Corporation (NASDAQ: SPNS) (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 and pension 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
Dina
Vince
Head of Investor Relations, Sapiens
ir@sapiens.com
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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