Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, have announced that Sapiens IDITSuite for Property & Casualty module, ClaimsMaster, received the highest ranking of Luminary in Celent's 2024 Claims Systems Vendors report in EMEA and APAC, for excellence in advanced technology and breadth of functionality.
Sapiens is the only vendor out of more than 20 claims solutions in EMEA and APAC that was selected for both the Luminary as well as four XCelent awards. Sapiens was awarded for its exceptional core claims system, as well as its continual investments in advanced digital and cloud-based capabilities and enhanced automation.
In addition, Sapiens Tia Enterprise P&C claims solution and Sapiens DianaSuite were recognized in Celent's EMEA report. Celent analyst, Fabio Sarrico, said: "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."
"Sapiens demonstrated the functionality of its core claims solution and its commitment to provide innovative solutions for insurers." The report described Sapiens IDITSuite's ClaimsMaster as "comprehensive, flexible, and highly automated. Sapiens continues to invest in roadmap items including advanced capabilities.
“The solution has been implemented in multiple countries, demonstrating its adaptability to various market requirements. As the claims module can also be standalone, it offers a compelling option for mid-sized and large insurers seeking a robust core insurance suite or P&C claims module."
Sapiens President and CEO, Roni Al-Dor, said "We are very proud that Sapiens has maintained its leading position in 10 consecutive Celent reports.
“Celent takes as rigorous an approach to vendor assessment as if they themselves were insurers. Sapiens demonstrated the exceptional functionality of our platform tech-stack.
"Celent's recognition reinforces our position as a leading claims solution and underscores our strong regional presence across multiple lines of business for local and multi-national carriers." Sapiens IDITSuite for Property & Casualty is an AI-powered, end-to-end insurance software solution, with ClaimsMaster, PolicyMaster, and BillingMaster modules, serving EMEA/APAC enterprises.
Sapiens Tia Enterprise serves Nordic/LATAM insurers with a powerful core system, and Sapiens DianaSuite serves the Iberian region with a complete administration solution.
