ROCHELLE PARK, N.J.,
Feb. 11,
2025 /PRNewswire/ -- Sapiens International
Corporation (NASDAQ: SPNS) (TASE: SPNS), a leading global provider
of software solutions for the insurance industry, today announced
the release of Sapiens UnderwritingPro v14, the most advanced
version of its award-winning, automated underwriting and new
business case management system for life & annuities
insurers.
The release delivers significant functional and technical
enhancements, accelerating greater operational efficiency, seamless
communication, and advanced AI-driven capabilities.
Sapiens UnderwritingPro v14 utilizes the latest advancements
in digital technology and is designed to address the evolving needs
of insurers in collaboration with user feedback.
The release includes groundbreaking features such as AI
integration, including enhanced underwriting decisions with
predictive analytics and intelligent insights to enable speed and
precision. An innovative agent communication portal revolutionizes
the agent-underwriter experience with streamlined interactions
empowering agents to provide faster, more informed client service
while enabling underwriters to manage workloads
effectively.
Building upon Sapiens' robust capabilities for automating
underwriting decisions through user-configurable rules and the
industry-leading underwriter workbench, the new release also
enhances features for easier control and management of underwriting
rules. This includes work item configuration to simplify and
customize workflow management and streamlined deployment practices
to enable efficient migration of rules across
environments.
"Our new version of UnderwritingPro reflects Sapiens' strategic
commitment to innovation and continuous development driven by
industry trends, and input from our user community," said
Roni Al-Dor, Sapiens President and
CEO. "This latest release takes automated underwriting to the next
level by integrating AI and provides tools that empower insurers to
deliver faster, smarter, and more accurate underwriting
decisions."
Sapiens UnderwritingPro is a highly configurable, automated
underwriting and new business case management system. It enables
life, health, and annuities insurers to automate decisions,
streamline underwriting processes, reduce turnaround times, and
improve operational accuracy while providing an exceptional user
experience.
About Sapiens
Sapiens International Corporation (NASDAQ: SPNS) (TASE:
SPNS) is a global leader in
intelligent insurance software solutions. With Sapiens' robust
platform, customer-driven partnerships, and rich ecosystem,
insurers are empowered to future-proof their organizations with
operational excellence in a rapidly changing marketplace. We help
insurers harness the power of AI and advanced automation to support
core solutions for property and casualty, workers' compensation,
and life insurance, including reinsurance, financial &
compliance, data & analytics, digital, and decision management.
Sapiens boasts a longtime global presence, serving over 600
customers in more than 30 countries with its innovative SaaS
offerings. Recognized by industry experts and selected for the
Microsoft Top 100 Partner program, Sapiens is committed to
partnering with our customers for their entire transformation
journey and is continuously innovating to ensure their
success.
For more information visit https://sapiens.com or follow us
on LinkedIn
Investor and Media Contact
Yaffa Cohen-Ifrah
Sapiens Chief Marketing Officer and Head of Investor
Relations
Email: Yaffa.cohen-ifrah@sapiens.com
Forward Looking Statements
Certain matters discussed in this press release that are
incorporated herein and therein 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 certain 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; the global
macroeconomic environment, including headwinds caused by inflation,
relatively high interest rates, potentially unfavorable currency
exchange rate movements, and uncertain economic conditions, and
their impact on our revenues, profitability and cash flows;
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 coronavirus epidemic, and
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 Annual
Report on Form 20-F for the year ended December 31, 2023, to be filed in the near
future, 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
