The partnerships will enhance and reinforce
Sapiens' offerings across the value chain to better cater to both
insurers and insureds
RALEIGH,
N.C., Sept. 21, 2022 /PRNewswire/
-- Sapiens International Corporation, (NASDAQ: SPNS)
(TASE: SPNS), a leading global provider of software solutions for
the insurance industry, announced today the expansion of their
Partner Network with five new tactical partnerships in the North
American market including – CGI,
ForMotiv, Hi Marley, ODG by MCG, and Opterrix, in order to provide
Sapiens' customers with numerous new capabilities powered by modern
insurtech solutions.
Today's insurers need to be focused on improving the customer
experience through new and emerging methods. Partnering with the
right insurtechs will allow solutions providers, such as Sapiens,
to provide a frictionless and innovative customer experience that
is both cost effective and easy to deploy. The success of these
partnerships will consequently play a crucial role in the future
endeavors and achievements of insurers in the market.
The accumulation of the technologies that these companies offer
along with Sapiens' market-leading solutions will allow Sapiens to
better cater to their customers' needs and expand their suite of
solutions to support the digital evolution of insurers around the
globe.
The five technology providers joining Sapiens' growing network
are:
- CGI - delivers end-to-end digital services to assist insurers
in building digital roadmaps, implementing core digital strategies
such as data analytics, cybersecurity, and cloud, as well as
designing and managing core system transformations
- ForMotiv - runs real-time machine learning models on thousands
of proprietary digital behavioral data points captured during the
digital application process to instantly and accurately predict the
intent of the end-user, enabling dynamic, personalized user
experiences.
- Hi Marley - helps carriers achieve success with its SMS-powered
collaboration platform purpose-built for insurance. Hi Marley makes
it simple for customers to connect with their carriers via text,
cutting through common communication inefficiencies, resulting in
less employee and customer churn, reduced cycle time and increased
cost savings.
- ODG by MCG - provides unbiased, evidence-based guidelines and
technology solutions that support payers, providers, and employers
in their efforts to effectively return people to health in workers'
compensation.
- Opterrix - provides insurers with the insights and innovative
tools required to address the future risks of a changing climate
and weather-related risks by limiting exposure in certain
geographies. Through these insights and tools, insurers can
identify, quantify and verify risk prior to losses being incurred
in a near real time manner.
"After serving the industry for 40 years, we at Sapiens
understand the impact that streamlining processes and removing
unwanted complexities can have on a business," said Roni Al-Dor, Sapiens President and CEO. "By
uniting with innovative and forward-thinking partners in the space
we can offer efficient and cost-effective solutions to our
customers while still expanding the boundaries of the insurtech
revolution".
Devoted to providing their clients with market-leading solutions, Sapiens enables insurers
to succeed in an evolving market by facilitating transformation
with greater ease, speed, and agility than ever before. Sapiens'
clients benefit from some of the most cutting-edge technologies
being developed by insurtech start-ups and technology leaders
around the world. The Partner Network offers emerging technology
providers the opportunity to showcase their innovative technologies
to some of the world's leading insurance providers.
Sapiens is attending at the ITC Conference (Booth #2239) between
September 21-22, at the Mandalay Bay
in Las Vegas, and are available to
discuss its partnerships.
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 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 https://sapiens.com or
follow us on LinkedIn.
Media
Contact
|
Investors
Contact
|
Shay Assaraf
|
Dina Vince
|
Chief of Marketing,
Sapiens
|
Head of Investor
Relations, Sapiens
|
shay.assaraf@sapiens.com
|
dina.vince@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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SOURCE Sapiens International Corporation