A press release from Sapiens International Corporation announces that their CoreSuite for Life & Annuities software solution has been recognized as a "Luminary" solution in Celent's 2023 North American Individual Life PAS report. The report analyzed 22 policy administration systems and ranked Sapiens' solution as the top tier in terms of advanced technology and breadth of functionality. The CoreSuite for Life & Annuities platform is a cloud-native system that offers flexibility across multiple lines of business and provides a comprehensive view of customers. Sapiens International Corporation is focused on empowering the financial sector, particularly in the insurance industry, to undergo digital transformation. The press release also includes a disclaimer that the information provided should not be considered financial or investment advice, and readers should conduct their own research or consult professionals before making any decisions.

Sapiens CoreSuite for Life & Annuities: The Luminary Solution in Celent’s 2023 North American Individual Life PAS Report

Sapiens International Corporation, a global leader in providing software solutions for the insurance industry, takes pride in its CoreSuite for Life & Annuities being recognized as a “Luminary” solution in Celent’s 2023 North American Individual Life PAS report.

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Celent’s 2023 North American Individual Life PAS Report

Celent, a renowned research and consulting firm, analyzed 22 policy administration systems (PAS) for North America Individual Life insurance. The evaluation was done using the Celent ABC Vendor View, an esteemed resource for identifying top-tier technology solutions serving the insurance and financial industries.

The ABC Vendor View categorizes vendors into three distinct areas:

  • Advanced Technology
  • Breadth of Functionality
  • Customer Base and Support

This comprehensive assessment framework offers a balanced view of each vendor’s strengths and capabilities.

The Luminary Solution: Sapiens CoreSuite for L&A

Sapiens’ CoreSuite for Life & Annuities (L&A) stood out in this competitive landscape. It was named a “Luminary” solution, the top tier in Celent’s Technical Capabilities Matrix, excelling in Advanced Technology and Breadth of Functionality categories.

Our team’s dedication to enabling life and annuities core system transformations is reflected through this honor. It highlights Sapiens’ depth of knowledge and keen understanding of the global life and annuities insurance industry.

Unique Features of Sapiens CoreSuite for L&A

Sapiens CoreSuite for L&A is an end-to-end, cloud-native platform that provides unmatched flexibility across multiple lines of business for life and annuities products. Its unique features include:

The Driving Force Behind Sapiens International Corporation

At Sapiens International Corporation (NASDAQ: SPNS) (TASE: SPNS), our mission is to empower the financial sector to transform digitally. With over four decades of industry expertise, we offer a complete insurance platform with pre-integrated, low-code solutions. Our cloud-first approach accelerates our customers’ digital transformation journey.

Forward-Looking Statements

Some statements made here are forward-looking statements as they involve risks and uncertainties that may cause actual results to differ materially from those discussed. These risks include pandemic risks among others. Please do not rely solely on these forward-looking statements as predictions of future events.

We undertake no obligation to publicly update any forward-looking statements due to new information or future events or changes in expectations except as required by law.

Lastly, please note that all information provided here are only meant for general informational purposes. We strongly advise conducting your own research or consulting with professionals before making any financial decisions based on this information.