HOLON, Israel, Feb. 10, 2021 /PRNewswire/ -- Sapiens
International Corporation, (NASDAQ: SPNS) and (TASE: SPNS), a
leading global provider of software solutions for the insurance
industry, announced today that Sapiens IDITSuite for Property and
Casualty has won Celent's XCelent award for the Breadth of
Functionality category. The award follows a string of recent
Sapiens' XCelent wins, illustrating Sapiens' significant impact on
the global insurance industry. Recent XCelent awards include two
for Sapiens IllustrationPro and one for Sapiens UnderwritingPro for
Life & Annuities. This marks the 12th consecutive
year that Sapiens IDITSuite received a Celent XCelent Award.
The report describes IDITSuite's diverse configuration tools,
including a visual workflow editor and rules engine editor. It also
credits the solution's strong, rich user interface, impressive API
and ability for ecosystem integration and excellent
internationalisation of products, offering multi-currency and
multi-lingual capabilities. "The jewel in the crown for Sapiens'
configuration environment is that they can enable business users to
maintain insurance products and offerings, and also control many of
the activities involved in launching a new insurance product," the
report said.
The Celent report credits Sapiens' product strategy and
commitment "to working with the InsurTech ecosystem, identifying
new innovative technologies, and using its capabilities to
productize such technologies into value-added products and services
of their core propositions," said Craig
Beattie, who authored the report.
Celent's report provides insurers with an objective comparison
of the key players in the EMEA PAS market and defines their core
system requirements. The report examines 41 companies in the EMEA
PAS landscape.
"Sapiens is honored to receive Celent's XCelent award and to be
recognized for one of our main differentiators in the digital PAS
space - our focus on business solutions and technology designed to
solve business goals," said Roni
Al-Dor, Sapiens president and CEO. "Our product strategy is
to continuously invest in developing solutions, especially our
digital capabilities."
The report includes Sapiens' customer feedback highlighting
"Sapiens' growth from new digital offering to an established vendor
across EMEA and APAC, dealing with the difficult challenges of not
leaving customers behind while growing their product."
Celent also spotlights Sapiens' significant expansion in
Europe, both from an acquisition
and technology point of view, to meet the rapidly evolving needs of
insurers for digital. The expansion was driven by several new
customers, as well as the acquisition of three major European
partners: Sum.cumo in Germany, Calculo in Spain, and Tia Technology in the Nordics.
Sapiens IDITSuite is Sapiens' flagship platform for global
insurers in EMEA and APAC as well as for global players. IDITSuite
is a cloud-enabled, component-based, holistic software solution
that offers policy, billing and claims software. IDITSuite supports
end-to-end core operations and processes for non-life and general
insurance from inception, to renewal and claims. Our
pre-integrated, fully digital suite offers customer and agent
portals, business intelligence and more.
To download the report, click here.
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 more than 550 organizations
globally, Sapiens has a proven ability to satisfy customers' core,
data and digital requirements. For more information:
www.sapiens.com.
Media Contact
Alex Zukerman
CMO and Chief of Strategy, Sapiens
+972 546 724 910
alex.zukerman@sapiens.com
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SOURCE Sapiens International Corporation