NASDAQ:SPNS

Sapiens Reports First Quarter 2024 Financial Results

Retrieved on: 
Wednesday, May 8, 2024
ARR, Depreciation, Partnership, Revenue stream, Webcast, Software as a service, Public expenditure, Exercise, Microsoft, Acquisition, Judgement, Bank statement, GAAP, Bank

Sapiens believes that these non-GAAP measures of financial results provide useful information to management and investors regarding certain financial and business trends relating to Sapiens' financial condition and results of operations.

Key Points: 
  • Sapiens believes that these non-GAAP measures of financial results provide useful information to management and investors regarding certain financial and business trends relating to Sapiens' financial condition and results of operations.
  • These measures are used in financial reports prepared for management and in quarterly financial reports presented to the Company's board of directors.
  • Sapiens urges investors to review the reconciliation of its non-GAAP financial measures to the comparable GAAP financial measures, which it includes in press releases announcing quarterly financial results, including this press release, and not to rely on any single financial measure to evaluate the Company's business.
  • Reconciliation tables of the most comparable GAAP financial measures to the non-GAAP financial measures used in this press release are included with the financial tables of this release.

Sapiens to Participate in the Needham Technology, Media, & Consumer Conference on May 15, 2024

Retrieved on: 
Wednesday, May 1, 2024
SPNS, Insurance, EDT, Conference, Sapiens International Corporation

Ms. Cohen-Ifrah will host a group presentation on May 15, from 11:00 am to 11:40 am Eastern Daylight Time (EDT) in "Ambassador" and conduct one-on-one meetings the same day.

Key Points: 
  • Ms. Cohen-Ifrah will host a group presentation on May 15, from 11:00 am to 11:40 am Eastern Daylight Time (EDT) in "Ambassador" and conduct one-on-one meetings the same day.
  • For more information about the conferences or to schedule a one-on-one meeting with Sapiens, please contact your Needham representative at the respective firm.
  • The firms hosting the conference reserve the right to adjust a company's meeting schedule, including its presentation time.
  • It is recommended that participants confirm all meeting and presentation times with the conference organizers.

Sapiens Unveils Enhanced Reinsurance and Analytics Solution Catering to Evolving Market Demands

Retrieved on: 
Thursday, April 25, 2024
Intelligence, SPNS, Schedule, Insurance, Sapiens International Corporation, Automation

ROCHELLE PARK, N.J., April 25, 2024 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced the launch of its latest version of Sapiens ReinsuranceMaster.

Key Points: 
  • This includes automating global inter-company retrocession, facilitating U.S. NAIC statutory reporting (Schedule F), and real-time reinsurance allocation support ('reinsurance as a service').
  • The latest release offers a multitude of enhancements, with one of the standout features being the seamless integration of Sapiens Intelligence with Sapiens ReinsuranceMaster.
  • This integration empowers users with advanced data capabilities and actionable insights through out-of-the-box reinsurance reports and analytics of the reinsurance portfolio's performance.
  • "With the growing significance of reinsurance in today's volatile environment, our latest version of Sapiens ReinsuranceMaster with Sapiens Intelligence offers even greater value to insurers and reinsurers, catering to the ever-changing demands of this dynamic market," said Roni Al-Dor, Sapiens President & CEO.

Sapiens Unveils Enhanced Reinsurance and Analytics Solution Catering to Evolving Market Demands

Retrieved on: 
Thursday, April 25, 2024
Intelligence, SPNS, Schedule, Insurance, Sapiens International Corporation, Automation

ROCHELLE PARK, N.J., April 25, 2024 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced the launch of its latest version of Sapiens ReinsuranceMaster.

Key Points: 
  • This includes automating global inter-company retrocession, facilitating U.S. NAIC statutory reporting (Schedule F), and real-time reinsurance allocation support ('reinsurance as a service').
  • The latest release offers a multitude of enhancements, with one of the standout features being the seamless integration of Sapiens Intelligence with Sapiens ReinsuranceMaster.
  • This integration empowers users with advanced data capabilities and actionable insights through out-of-the-box reinsurance reports and analytics of the reinsurance portfolio's performance.
  • "With the growing significance of reinsurance in today's volatile environment, our latest version of Sapiens ReinsuranceMaster with Sapiens Intelligence offers even greater value to insurers and reinsurers, catering to the ever-changing demands of this dynamic market," said Roni Al-Dor, Sapiens President & CEO.

SAPIENS TO ANNOUNCE FIRST QUARTER OF 2024 FINANCIAL RESULTS ON MAY 8, 2024

Retrieved on: 
Wednesday, April 24, 2024
Sapiens, SPNS, Insurance, Webcast, Sapiens International Corporation

ROCHELLE PARK, N.J., April 24, 2024 /PRNewswire/ -- Sapiens International Corporation (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that it will report its financial results for the first quarter of 2024 on Tuesday, May 8, 2024.

Key Points: 
  • ROCHELLE PARK, N.J., April 24, 2024 /PRNewswire/ -- Sapiens International Corporation (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that it will report its financial results for the first quarter of 2024 on Tuesday, May 8, 2024.
  • Management will host a conference call and webcast on May 8, 2024, at 9:30 a.m. Eastern Time (4:30 p.m. in Israel) to review and discuss Sapiens' results.
  • Please call the following numbers (at least 10 minutes before the scheduled time) to participate:
    The live webcast of the call can be accessed on Sapiens' website at: veidan.activetrail.biz/sapiensq1-2024
    If you are unable to join live, a replay of the call will be accessible one business day following the completion of the event for 90 days.

Sapiens Launches IntegrateAI, the Second Release in its DecisionAI Portfolio

Retrieved on: 
Thursday, April 18, 2024
SPNS, Insurance, Sapiens International Corporation, Data science, Synthetic media, Microsoft, Organization, Architecture, Risk management

ROCHELLE PARK, N.J., April 18, 2024 /PRNewswire/ -- Sapiens International Corporation (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced the launch of IntegrateAI, the newest capability from Sapiens Decision, integrating machine learning models into the business-friendly decision model workbench. 

Key Points: 
  • Sapiens Decision users can integrate machine learning models as another component of their decision model diagram, combining declarative and probabilistic constructs into one consistent and explainable model.
  • IntegrateAI follows Sapiens Decision's recent ModelAI release, which brought a Generative AI (GenAI) copilot to decision modelers with integration to Microsoft Azure's OpenAI Service.
  • "Sapiens Decision IntegrateAI enables organizations to implement decision automation with greater transparency, explainability, and efficiency by enabling business users to integrate machine learning models within decision models," said Ilan Buganim, Sapiens CTIO.
  • Sapiens Decision offers a technology-independent solution to fit any architecture, allowing organizations to reuse their existing infrastructure and governance models.

Sapiens Launches IntegrateAI, the Second Release in its DecisionAI Portfolio

Retrieved on: 
Thursday, April 18, 2024
SPNS, Insurance, Sapiens International Corporation, Data science, Synthetic media, Microsoft, Organization, Architecture, Risk management

ROCHELLE PARK, N.J., April 18, 2024 /PRNewswire/ -- Sapiens International Corporation (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced the launch of IntegrateAI, the newest capability from Sapiens Decision, integrating machine learning models into the business-friendly decision model workbench. 

Key Points: 
  • Sapiens Decision users can integrate machine learning models as another component of their decision model diagram, combining declarative and probabilistic constructs into one consistent and explainable model.
  • IntegrateAI follows Sapiens Decision's recent ModelAI release, which brought a Generative AI (GenAI) copilot to decision modelers with integration to Microsoft Azure's OpenAI Service.
  • "Sapiens Decision IntegrateAI enables organizations to implement decision automation with greater transparency, explainability, and efficiency by enabling business users to integrate machine learning models within decision models," said Ilan Buganim, Sapiens CTIO.
  • Sapiens Decision offers a technology-independent solution to fit any architecture, allowing organizations to reuse their existing infrastructure and governance models.

Sapiens Files Annual Report on Form 20-F for the Year Ended December 31, 2023

Retrieved on: 
Tuesday, March 26, 2024
Insurance, Bank statement, Annual report, SPNS, Sapiens, Sapiens International Corporation

ROCHELLE PARK, N.J., March 26, 2024 /PRNewswire/ -- Sapiens International Corporation N.V. (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2023, with the U.S. Securities and Exchange Commission (the "SEC").

Key Points: 
  • ROCHELLE PARK, N.J., March 26, 2024 /PRNewswire/ -- Sapiens International Corporation N.V. (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2023, with the U.S. Securities and Exchange Commission (the "SEC").
  • The annual report, which contains Sapiens' audited financial statements, can be accessed at the SEC's website at http://www.sec.gov , as well as via the Company's investor relations website at https://www.sapiens.com/investor-relations/sec-filings/ .
  • The Company will provide a hard copy of its annual report on Form 20-F, including its complete audited financial statements, free of charge, to its shareholders upon request to Yaffa Cohen-Ifrah, Chief Marketing Officer and Head of Investor Relations, at +1 917-533-4782 or [email protected] .

SAPIENS DECLARES CASH DIVIDEND OF $15.6 MILLION, OR $0.28 PER SHARE FOR THE SECOND HALF OF 2023

Retrieved on: 
Monday, March 25, 2024
Insurance, SPNS, Policy

The dividend is in line with the Company's policy of distributing on a semi-annual basis up to 40% of its annual non-GAAP net income and will be paid on April 18, 2024 to Sapiens' shareholders of record as of April 5, 2024.

Key Points: 
  • The dividend is in line with the Company's policy of distributing on a semi-annual basis up to 40% of its annual non-GAAP net income and will be paid on April 18, 2024 to Sapiens' shareholders of record as of April 5, 2024.
  • The dividend is subject to withholding of Israeli tax at source at the rate of 25% of the dividend amount payable to each shareholder of record.
  • "This dividend distribution to Sapiens' shareholders underscores our company's robust financial performance and our unwavering confidence in our strategic execution," stated Roni Al-Dor, President & CEO of Sapiens.
  • "I thank our shareholders, customers, partners, and employees for their steadfast loyalty and support."

Celent Names Sapiens P&C Claims Solution as 2024 Luminary in EMEA and APAC

Retrieved on: 
Thursday, March 21, 2024
Automation, Property, Sapiens International Corporation, Luminary, Insurance, SPNS, P&C

UXBRIDGE, England, March 21, 2024 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today 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. 

Key Points: 
  • 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.
  • "Sapiens demonstrated the functionality of its core claims solution and its commitment to provide innovative solutions for insurers."