United Kingdom

Profile: Sapiens International Corporation NV (SPNS.OQ)

SPNS.OQ on NASDAQ Stock Exchange Capital Market

24 May 2019
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Sapiens International Corporation N.V. (Sapiens), incorporated on April 6, 1990, is a provider of software solutions for the insurance industry, with a focus on the financial services sector. The Company operates in provider of software solutions segment. The Company offers its software solutions for providers of Property & Casualty/General Insurance (P&C), and Life, Annuities and Pensions Insurance (L&P), enabling its customers to manage their core business functions, including policy administration, claims management and billing. It also supplies core record-keeping software solutions for providers of Retirement Services and Reinsurance. It offers a platform that enables its customers to deploy business logic and comply with policies and regulations across their organizations.


The Company's services include project delivery and implementation, business and technical consulting related to its products, project and program management, training and user acceptance testing. It also offers services, such as migration, maintenance services, ongoing support services, hosting and product upgrades.

Software Solutions

The Company's Life, Pension, Annuity and Retirement Solutions include software solutions for the management of a range of products for life, pension, annuity and retirement. Its Life, Pension, Annuity and Retirement Solutions portfolio includes Sapiens ALIS, Sapiens TOPAZ, Sapiens Retirement and Sapiens Closed Books. Sapiens ALIS is a software solution for individual and group insurance products. Sapiens ALIS provides support for the complete policy lifecycle of all life insurance products from quotation and illustrations to underwriting, billing and servicing through claims management and exit processing. Sapiens ALIS supports a range of insurance product lines across multiple territories, including individual and group life, investment and savings; individual and group protection, and risk products; individual and group pension; annuity products, and hybrid products. Sapiens ALIS integrates all of the functions, including sales, quotation and illustration, new business, underwriting, policy servicing, billing, collection and payment management, claims processing, agency and commission, customer relationship management (CRM) and customer management, workflow and diary, compliance and calculation engine, and insurance product manufacturing. Sapiens ALIS provides a set of digital capabilities to its customers, such as policyholder portal, agent portal and the business intelligence (BI) and analytics module.

Sapiens Retirement Services Platform is a defined contribution, retirement services platform that enables recordkeepers to retain plans by offering the end-to-end governance. Sapiens Retirement Services supports a range of plan types, such as 401(k), 403(b) and 457-from micro to mega plans, and the associated plan variations, including Employee Retirement Income Security Act of 1974 (ERISA), Non-ERISA, Safe Harbor, Taft Hartley and others. Sapiens Closed Books is a solution for life and pension insurance companies to administer policies and claims relating to legacy portfolio and closed books business. Sapiens Closed Books provides an end-to-end legacy portfolio-focused system that is capable of dealing with missing data, old legislation and a range of product types. Sapiens TOPAZ is offered in Israel, enabling life and pension insurance providers to handle a range of activities and regulations in the Israeli market.

Property and Casualty/General Insurance Solutions

The Company's Property and Casualty/General Insurance Solutions include a software suite of solutions, supporting a range of business lines, including personal, commercial and specialty lines, as well as a solution for the management of reinsurance contracts. The Property and Casualty/General Insurance Solutions portfolio includes Sapiens IDIT and Sapiens Reinsurance. Sapiens IDIT is a component-based software solution, addressing the specific needs of general insurance carriers for traditional insurance, direct insurance, bancassurance and brokers markets, primarily in Europe and Asia Pacific. Sapiens IDIT supports a range of general, personal and commercial lines of business, including Personal lines (motor, personal property and homeowner, yacht, travel and medical insurance), Commercial lines (fleet insurance, marine, cargo, engineering, real estate and commercial building) and Specialty lines (credit insurance or art insurance). Sapiens IDIT integrates multiple front office and back office processes, including insurance product design, policy administration, underwriting, call center, and remote users and partners, backed by Internet-based capabilities. Sapiens IDIT provides a full set of components to support insurance carriers' core operations lifecycle - from inception, to renewal and claims, which includes policy administration, claims management, and billing and collection. The solution includes modular software components that can be customized to match specific insurance business requirements, while providing pre-configured functionality, including product factory, policy administration, billing and collection, claims management, CRM, intermediary management, workflow management, technical accounting and document management. Sapiens Reinsurance is a business and accounting solution designed to support the entire range of reinsurance contracts and activities, both ceded and assumed, for all lines of business. This software product provides both insurers and reinsurers handling of all reinsurance activities and in-depth accounting functionality on a single platform. Its Insight for P&C is a software solution used by carriers that work on IBM System z (mainframe) and System i platforms.


Sapiens DECISION is a business decision management solution that enforces business logic across all enterprise applications. Organizations use Sapiens DECISION to track, verify and ensure that every decision is based on the up-to-date rules and policies. The solution is powered by The Decision Model, a decision management methodology. Sapiens DECISION allows the reusability and governance of business logic across all business divisions and software applications, using any rules engine or business process management system, and integrating with the business rules management (BRM) or business process management (BPM) system that the organization has in place.

Technology-Based Solutions

Sapiens eMerge is a rules-based, model-driven architecture that enables the creation of core enterprise applications. The Company's technology is intended to allow customers to meet requirements using a development platform.

Sapiens' Global Services

The Company's services automate processes for insurance providers and financial institutions around the world. Its implementation teams assist customers in building implementation plans, integrating its software solutions with their existing systems and deploying specific requirements to each customer and installation. Its services include adding new lines of business and functional coverage to existing solutions running in production, ongoing support services for managing and administering the solutions, creating new functionalities per specific requirements of its customers, and assisting with compliance for new regulations and legal requirements.

Company Address

Sapiens International Corporation NV

Azrieli Ctr, 26, Ha-Rokmim
HOLON     5885849
P: +9723.7902000
F: +9723.7902942

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