ROCHELLE PARK, N.J., July 24, 2023 /PRNewswire/ — Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that Sapiens CoreSuite for Life & Annuities was recognized as a “Luminary” solution in Celent’s 2023 North American Individual Life PAS report.
Research and consulting firm Celent analyzed 22 policy administration systems for North America Individual Life insurance, using the Celent ABC Vendor View, a resource for identifying premier technology solutions serving the insurance and financial industries. The vendor view shows the relative positions of each vendor in three categories: Advanced Technology, Breadth of Functionality and Customer Base and Support. Sapiens’ CoreSuite for L&A was named a “Luminary” solution, the top tier in Celent’s Technical Capabilities Matrix, for Advanced Technology and Breadth of Functionality.
“I am excited and proud to see Sapiens recognized again for the technological sophistication and innovation that facilitates scale and growth across our customer base,” said Jamie Yoder, Sapiens North America President & General Manager. “This honor is a testament to our team’s dedication to enabling life and annuities core system transformations, while illustrating Sapiens’ breadth of knowledge and keen understanding of the global life and annuities insurance industry.”
According to the Celent report: “The Sapiens CoreSuite L&A internal user interface remains one of the best we have seen on the market, with a great balance between tables, graphics, and visuals…Sapiens CoreSuite for L&A remains a robust system in terms of features and function.”
Sapiens CoreSuite for Life & Annuities is an end-to-end, cloud-native platform that delivers unprecedented flexibility across multiple lines of business for life and annuities products. It offers a 360-degree view of the customer from the policy administration systems, across all distribution channels and communications streams.
To download the report, click here.
Sapiens International Corporation (NASDAQ: SPNS) (TASE: SPNS) empowers the financial sector, with a focus on insurance, to transform and become digital, innovative, and agile. Backed by more than 40 years of industry expertise, Sapiens offers a complete insurance platform, with pre-integrated, low-code solutions and a cloud-first approach that accelerates customers’ digital transformation. Serving over 600 customers in more than 30 countries, Sapiens offers insurers across property and casualty, workers’ compensation, and life markets the most comprehensive set of solutions, from core to complementary, including Reinsurance, Financial & Compliance, Data & Analytics, Digital, and Decision Management.
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