HOLON, Israel, May 30, 2023
/PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS)
(TASE: SPNS), a leading global provider of software solutions for
the insurance industry, hosted its annual International Client
Conference in Barcelona on
May 22-24. Attendees included
insurance customers and prospects, leading industry experts from
Microsoft, Celent, and ecosystem insurtech partners.
"Explore the Possibilities" was the theme of this event, and the
full agenda focused on the key trends and innovations driving the
insurance industry. Sessions included inspirational keynotes,
insightful presentations and expert panels on industry-critical
topics such as generative AI, cloud migration, cyber security,
digital transformation and embedded insurance. The conference also
gave participants the opportunity to learn about Sapiens' future
vision, R&D and product development.
Agenda highlights included:
- Leo Johnson, PWC's Global
Head of Disruption, presented an inspirational keynote about
how to be a future-proof organisation, discussing the megatrends
that will impact business performance.
- Tomer Simon, Microsoft's
Chief Scientist, delivered an industry keynote presentation
considering how AI is transforming the insurance industry.
- Alex Zukerman, Sapiens' Chief
Strategy Officer, together with the business strategy leaders,
discussed how Sapiens is creating strategies that exceed customer
expectations in the digital age of cloud-native transformation and
generative AI.
- Dedicated streams for P&C and L&P customers
delivered by Sapiens Division Presidents covered Sapiens' latest
product developments and future roadmaps.
- Panel discussion hosted by Celent focused on what the
future holds for life and pensions while the Camelot Network
explored embedded insurance.
- Partner showcase provided a selection of key insurtech
partners the chance to show how their offers fit into the Sapiens
ecosystem.
Daily breaks and social evening events allowed participants to
network, learn from peers, and enjoy relaxing together in the true
spirit of Barcelona.
"Our client conferences have been a great success
throughout the years and, for the first time since the pandemic, it
was very exciting to see our customers and partners in person once
again," said Yaffa Cohen-Ifrah, CMO
and Head of Investor Relations at Sapiens. "We have prepared a
great agenda covering all the hot topics insurers today are
grappling with. The feedback received from participants is amazing
and we thank and appreciate everyone who has worked together with
us to prepare and deliver such an event."
"Sapiens continues to be at the forefront of innovation in
insurance," said Roni Al-Dor,
Sapiens President and CEO. "This conference demonstrated our deep
insurance know-how and vast global experience. I was delighted to
see our customers and partners join us once again in person and
trust that together we will continue to provide insurers and
consumers worldwide with top-notch solutions that leverage the
latest technological advancements."
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. With more than
40 years of industry expertise, Sapiens' cloud-based SaaS insurance
platform offers pre-integrated, low-code capabilities across core,
data and digital domains to accelerate our customers' digital
transformation. Serving over 600 customers in 30 countries, Sapiens
offers insurers across property and casualty, workers'
compensation, and life insurance markets the most comprehensive set
of solutions, from core to complementary, including Reinsurance,
Financial & Compliance, Data & Analytics, Digital, and
Decision Management.
Investor and Media Contact
Yaffa Cohen-Ifrah
Chief Marketing Officer and Head of Investor Relations, Sapiens
Yaffa.cohen-ifrah@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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