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Sapiens International Corporation, a trailblazer in providing software solutions for the insurance industry, has proudly announced that their flagship product, Sapiens CoreSuite for Life & Pensions, has been crowned with the prestigious Celent XCelent award for 2023. This recognition emphasizes the solution’s excellence in both Advanced Technology and Breadth of Functionality, specifically within the EMEA region.
A Luminary Achievement
In an extensive study carried out by research and consulting firm Celent, 35 policy administration systems designed for life and pension insurance were scrutinized. The evaluation was based on Celent’s ABC Vendor View – a key resource in identifying top-tier technology solutions catered to the insurance and financial sectors.
The ABC Vendor View breaks down vendor performance into three categories: Advanced Technology, Breadth of Functionality, and Customer Base and Support. Sapiens CoreSuite clinched the XCelent award for its outstanding performance in the Breadth of Functionality category.
But it doesn’t stop there. The CoreSuite was also recognized as a “Luminary” solution within Celent’s Technical Capabilities Matrix due to its leading position in Advanced Technology. This dual recognition underscores Sapien’s commitment to delivering comprehensive and innovative solutions to the insurance industry.
A Commitment to Innovation
“This recognition from Celent reaffirms our unwavering commitment to delivering comprehensive and innovative solutions to the insurance industry,” says a representative from Sapiens. “True success lies in our ability to empower our clients with the tools they need to thrive amidst an ever-evolving landscape.”
The company continues its pioneering journey by elevating standards of functionality that enable their clients to unlock their full potential in this digital age.
A Closer Look at Sapiens CoreSuite
According to the report released by Celent: “Since our last review of Sapiens CoreSuite L&P, Sapiens has made major investment in the solution.” The configuration module now provides an intuitive interface leveraging specific rules capabilities with Sapiens Decision, which is Sapien’s business logic and modeling engine.
The report further added that Sapiens CoreSuite for L&P remains a robust system when it comes to features and functions. It is an end-to-end software solution that facilitates core operations and processes effectively.
An Overview of Sapien’s Offerings
| Products | Purpose |
|---|---|
| CoreSuite for Life & Pensions | Supports individual/group products across life, health, wealth & retirement |
| Sapiens Decision | Business logic & modeling engine |
Sapien International Corporation (NASDAQ: TASE: SPNS) empowers financial sector organizations like insurers to transform digitally, innovate rapidly, while remaining agile.
While we celebrate today’s achievement, let us remember these are forward-looking statements subject to pandemic risks and uncertainties – never rely on them as predictions of future events. However, we remain optimistic about what lies ahead because at Sapien International Corporation, we believe that every challenge presents new opportunities.
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