Sapiens received Celent's highest ranking for
excellence in advanced technology and breadth of functionality
ROCHELLE PARK, N.J.,
March 11, 2024 /PRNewswire/
-- Sapiens International Corporation, (NASDAQ: SPNS) (TASE:
SPNS), a leading global provider of software solutions for the
insurance industry, today announced that Sapiens ClaimsPro for
Property & Casualty in North
America received the highest ranking of Luminary in Celent's
2024 Claims Systems Vendors report, for excellence in advanced
technology and breadth of functionality.
Sapiens was selected out of 32 North American core claims
solutions for its exceptional core claims system, as well as its
ability to provide value-added services through its partner
ecosystem.
Celent described Sapiens ClaimsPro as "a comprehensive and
highly adaptable core claims system, ideal for both personal and
commercial lines. With strengths in adjuster personalization,
efficient claims management, and advanced payment options, it
stands out as a top choice for midsize and small insurers.
ClaimsPro is particularly well-suited for insurers who value
customization, user-friendly business rule management, and are
looking for a system capable of evolving with technological
advancements."
The report also described Sapiens' platform as "exceptionally
customizable, with standout flexibility, sophisticated claims
assignment process, and a commitment to innovation and efficiency,
that caters to the dynamic needs of modern claims processing."
Sapiens received special recognition for its continual
investment in a state-of-the-art ecosystem that delivers
innovative, complimentary solutions and provides customers with
functionality and value-added services that do not naturally sit
within the core policy administration systems. Sapiens' solutions
and services meet the most complex insurance needs and deliver
across significant scale and geographic reach.
"To assess vendors for the report, Celent conducts comprehensive
RFIs and market analysis, reviews vendor demonstrations within
multiple scenarios, and looks for evidence of continual investment
in innovation," said Karlyn Carnahan, CPCU Head of Insurance,
North America Celent. "Sapiens demonstrated the functionality of
its core claims solution and its commitment to provide innovative
solutions for insurers."
"Receiving Celent's highest ranking of Luminary highlights
Sapiens' commitment to propel our customers' digital
transformations with next-generation solutions. Celent recognizes
that commitment, as evidenced by their year-over-year improvement
in Sapiens' rankings, from functionality standout last year to
Luminary this year," said Roni
Al-Dor, Sapiens President and CEO. "Celent's recognition
encompasses the entirety of our offerings, including our robust
partner ecosystem, which enhances our solutions and enables
end-to-end delivery to drive sustained growth."
Sapiens ClaimsPro for Property & Casualty enables insurers
to unlock powerful, auditable, configurable and AI-driven
automation for all lines of business. The solution features
rules-driven workflows and automated claim assignment, driving
straight-through processing and providing supervisory insights and
control over claims operations.
To access and download the Celent Claim System Vendor report,
please click here.
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. 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 more than 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. For more information
visit https://sapiens.com or follow us on LinkedIn
Media Contact
Investor and Media Contact
Yaffa Cohen-Ifrah
Chief Marketing Officer and Head of Investor Relations
Sapiens International
Email: 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, 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.
Logo -
http://mma.prnewswire.com/media/585787/Sapiens_Logo.jpg
View original
content:https://www.prnewswire.co.uk/news-releases/celent-names-sapiens-claimspro-for-pc-in-north-america-as-2024-luminary-302085367.html