InsuranceSapiens Recognized by Gartner for Non-Life-Insurance Platforms

Sapiens Recognized for Completeness of Vision and Ability to Execute for IDITSuite
PRNewswire PRNewswireOctober 21, 20205 min

Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that Sapiens was positioned as a Leader in Gartner’s Magic Quadrant for Non-Life-Insurance Platforms, Europe*. The recognition is attributed to Sapiens IDITSuite for Property and Casualty for the second consecutive year.

Sapiens IDITSuite for Property & Casualty is a component-based, comprehensive software solution suite that offers policy, billing and claims. IDITSuite supports end-to-end core operations and processes for the non-life (general) insurance from inception to renewal and claims. Its pre-integrated, fully digital suite offers customer and agent portals, business intelligence, as well as a suite of tools for testing new lines of business, products, and services.

“Sapiens’ commitment to innovation and our deep understanding of the changes reshaping the insurance industry have made us a leading player in the European market,” said Roni Al-Dor, President and CEO, Sapiens. “Through our insurtech partnerships, R&D investment, and market expertise, Sapiens is enabling insurers of all sizes to better serve their customers and successfully achieve digital transformation.”

Magic Quadrant reports are a culmination of rigorous, fact-based research in specific markets, providing a wide-angle view of the relative positions of the providers in markets where growth is high and provider differentiation is distinct. Providers are positioned into four quadrants: Leaders, Challengers, Visionaries and Niche Players. The research enables you to get the most from market analysis in alignment with your unique business and technology needs.

Among 11 total companies evaluated in the report, Sapiens was recognized for its completeness of vision and ability to execute.

* Source: Gartner, “Magic Quadrant for Non-Life-Insurance Platforms, Europe,” Sham Gill, Manav SachdevaSeptember 21, 2020.

Disclaimer

Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of the Gartner research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

View a complimentary copy of the Magic Quadrant report to learn more about Sapiens’ strengths and cautions, among other providers’ offerings. Click here to view the report.

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