Sapiens International Corporation (Nasdaq: SPNS) (TASE: SPNS) is a leading global provider of software solutions for the insurance industry. Founded in 1982 and headquartered in Holon, Israel, Sapiens offers a comprehensive suite of digital software platforms and services for property and casualty, life, pension and annuity, reinsurance, financial and compliance, workers' compensation, and financial markets insurance. For the fiscal year 2023, Sapiens reported annual revenue of USD 534.6 million.
Sapiens' key products and services include:
CoreSuite for Property & Casualty
CoreSuite for Life & Annuities
ReinsurancePro and ReinsuranceMaster
DigitalSuite for customer and agent portals
Intelligence for data analytics and insights
Decision for automating business logic and decisions
The company's flagship offering is the Sapiens Insurance Platform, an AI-powered, cloud-native solution that integrates core, data, and digital capabilities. This platform aims to help insurers innovate, automate processes, and make data-driven decisions.
In 2024, Sapiens expanded its focus on artificial intelligence, partnering with Microsoft to incorporate advanced generative AI capabilities across its product suite. The company serves over 600 customers in more than 30 countries, including major insurers and financial institutions. Sapiens employs over 4,800 people globally, with development and delivery centers in the US, UK, Israel, India, and Poland.
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