Sapiens IDITSuite Recognized for Completeness of Vision and Ability to Execute

Sapiens International Corporation (NASDAQ and TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that Sapiens was positioned as a Leader in Gartner Magic Quadrant for Non-Life-Insurance Platforms, Europe*. The recognition is attributed to Sapiens IDITSuite for Property and Casualty for the third consecutive year.

Sapiens IDITSuite for Property & Casualty is a component-based, comprehensive software solution suite that offers policy, billing and claims solutions. IDITSuite supports end-to-end core operations and processes for the non-life (general) insurance from inception to renewal and claims. Its pre-integrated, fully digital suite offers customer and agent portals, business intelligence, as well as a suite of tools for testing new lines of business, products and services.

“We are honored to be a leader in the Gartner report for the third consecutive year. IDITSuite is considered to support the widest number of lines of business in the industry, supporting 48 lines of business in production, covering personal, commercial, specialty and workers’ compensation. Sapiens core suite and comprehensive managed services, as well as our deep understanding of the changes reshaping the insurance industry have made us a leading player in the European market,” said Roni Al-Dor, President and CEO, Sapiens.

“Through our insurtech partnerships, R&D investment and market expertise, Sapiens empowers insurers of all sizes to better serve their customers and successfully achieve digital transformation. We are proud of our innovative ability to ensure our customers have the advantage of long-term sustainability and profitability,” Al-Dor said.

Magic Quadrant reports are a culmination of rigorous, fact-based research in specific markets, providing a wide-angle view of the relative positions of the providers in markets where growth is high and provider differentiation is distinct. Providers are positioned into four quadrants: Leaders, Challengers, Visionaries and Niche Players. The research enables you to get the most from market analysis in alignment with your unique business and technology needs.

Among the nine total companies evaluated in the report, Sapiens was recognized for its completeness of vision and ability to execute.

* Source: Gartner, “Magic Quadrant for Non-Life-Insurance Platforms, Europe,” James Ingham, Sham Gill, 27 September 2021

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View a complimentary copy of the Magic Quadrant report to learn more about Sapiens’ strengths and cautions, among other providers’ offerings, here.

 

Media Contact

Shay Assaraf

Chief of Marketing, Sapiens

Shay.assaraf@sapiens.com

 

Investors Contact

Daphna Golden

Vice President, Head of Investor Relations, Sapiens

ir@sapiens.com

 

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