Sapiens Achieves Celent Luminary Status for Innovative Solutions
Sapiens Earns Top Honors for Innovation in Insurance Software
Sapiens International Corporation has been recognized with the esteemed Celent Luminary status in both the EMEA and APAC regions, along with the XCelent Awards for its outstanding breadth of functionality and customer service in the EMEA segment. This acknowledgment highlights Sapiens as a premier provider of insurance solutions.
Recognition from Celent: A Testament to Excellence
In the latest Policy Administration System (PAS) reports, Sapiens' IDITSuite for Property & Casualty (P&C) has been highlighted by Celent for its exemplary performance. The report praises the software's modern user interface, feature-rich capabilities, and advanced technology integrations. This recognition illustrates Sapiens' dedication to offering solutions that empower insurers to navigate a rapidly changing environment.
Features That Stand Out
As per Celent’s findings, Sapiens has developed a comprehensive platform with a user-friendly interface that includes an intuitive side panel menu and a powerful universal search feature. Clients benefit from embedded Power BI dashboards that simplify data interpretation and visualization for business insights. Incorporating GenAI allows for improved document interrogation and expedited summarization, which modernizes the reporting process.
Commitment to Client Success
Roni Al-Dor, Sapiens' President and CEO, emphasized the importance of this recognition, stating, "Our success with Celent reflects our dedication to delivering innovative solutions that integrate cutting-edge technology with in-depth industry knowledge. We are proud to have achieved Luminary status in all core P&C domains, allowing our clients to undergo digital transformation effectively."
Proven Leadership in the Insurance Industry
Since the introduction of the Luminary category, Sapiens has consistently maintained its status, further detailed by its history of receiving Celent's XCelent awards annually since 2018. This ongoing achievement signifies Sapiens' persistent drive for innovation and market leadership.
The Versatile Sapiens IDITSuite
The award-winning Sapiens IDITSuite is a comprehensive AI-powered insurance software that supports clients throughout the insurance lifecycle, including aspects like customer acquisition, billing, claims processing, and renewals. With a sophisticated low-code configuration engine, Sapiens ensures that companies can quickly adapt and bring products to market efficiently.
Access to Insightful Reports and Resources
Individuals interested in the specifics of these innovations can access the insightful Celent report detailing Sapiens' achievements and market positioning.
About Sapiens International Corporation
Sapiens International Corporation (NASDAQ: SPNS) is a leading provider of intelligent insurance solutions, utilizing a robust software platform that supports global insurance needs. Sapiens empowers over 600 clients across 30 countries, delivering superior insurance solutions backed by AI and automation. Recognized for its strategic partnerships and innovative offerings, Sapiens shows unwavering commitment to client success and industry excellence.
Investor and Media Relations
Contact information:
Yaffa Cohen-Ifrah
Chief Marketing Officer and Head of Investor Relations. Sapiens International Corporation
Frequently Asked Questions
What awards did Sapiens recently receive?
Sapiens was awarded the Celent Luminary status and XCelent awards for its comprehensive functionality and customer service.
What is the IDITSuite?
The IDITSuite is Sapiens' AI-powered insurance software solution designed to optimize various insurance processes.
How long has Sapiens been recognized by Celent?
Sapiens has maintained its Luminary status and received XCelent awards since 2018, indicating a strong trajectory in innovation.
What is Sapiens' focus in the insurance sector?
Sapiens primarily supports property and casualty insurance, enhancing operational efficiency through innovative solutions.
How does Sapiens support its clients?
Sapiens partners with insurers to facilitate their digital transformation and ensure success in competitive markets.
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