Suppliers Israel Sapiens

	Sapiens Empowering insurers with innovative and digital software solutions
HQ Location	Israel
Year Founded	1982
Company Type	Public
Revenue	$100m-1b
Employees	1,001 - 10,000
Website	Open website

Sapiens

Empowering insurers with innovative and digital software solutions

HQ Location

Israel

Year Founded

1982

Company Type

Public

Revenue

$100m-1b

Employees

1,001 - 10,000

Website

Open website

Company Description	Sapiens International Corporation (NASDAQ and TASE: SPNS) empowers the financial sector, with a focus on insurance, to transform and become digital, innovative and agile. Backed by more than 35 years of industry expertise, Sapiens offers a complete insurance platform, with pre-integrated, low-code solutions and a cloud-first approach that accelerates customers’ Digital Transformation. Serving over 600 customers in 30 countries, and with more than 4000 employees, Sapiens offers insurers across property and casualty, workers compensation and life markets the most comprehensive set of solutions, from core to complementary, including Reinsurance, Financial & Compliance, Data & Analytics, Digital, and Decision Management. Read More
Contents

Company Description

Sapiens International Corporation (NASDAQ and TASE: SPNS) empowers the financial sector, with a focus on insurance, to transform and become digital, innovative and agile. Backed by more than 35 years of industry expertise, Sapiens offers a complete insurance platform, with pre-integrated, low-code solutions and a cloud-first approach that accelerates customers’ Digital Transformation. Serving over 600 customers in 30 countries, and with more than 4000 employees, Sapiens offers insurers across property and casualty, workers compensation and life markets the most comprehensive set of solutions, from core to complementary, including Reinsurance, Financial & Compliance, Data & Analytics, Digital, and Decision Management.

Sapiens is a provider of Industrial IoT cloud planning, design and implementation services, and software design and engineering services services, and also active in the finance and insurance industries.

Technologies

Platform as a Service (PaaS)

Data Management Platforms

Functions

Business Operation

Industries

Finance & Insurance

Services

Cloud Planning, Design & Implementation Services

Software Design & Engineering Services

Sapiens’s Technology Stack maps Sapiens’s participation in the IoT technology stack.

Application Layer
Functional Applications

Cloud Layer
Platform as a Service

Infrastructure as a Service

Edge Layer
Automation & Control

Processors & Edge Intelligence

Actuators

Sensors

Devices Layer
Robots

Drones

Wearables

Supporting Technologies
Analytics & Modeling

Application Infrastructure & Middleware

Cybersecurity & Privacy

Networks & Connectivity

Technological Capability

None

Minor

Moderate

Strong

Number of Case Studies1

Digital Transformation in Insurance: A Case Study of Menora Mivtachim

Menora Mivtachim, one of Israel's largest pension fund and insurance carriers, was facing a significant challenge due to demographic trends in Israel. The growing rate of retirement planning and services was putting unprecedented pressure on the already strained insurance sector. The pension claims process was bottlenecked with complexities, bureaucracy, and errors. Menora Mivtachim's existing pension process was heavily manual and spreadsheet-based, requiring a team of 10 full-time employees to manage. The process involved gathering applicant information, conducting personal surveys, compiling bank information, and finalizing agreements. To leverage the growing opportunity in the retirement sector and position themselves as innovative insurtech leaders, Menora Mivtachim needed to digitalize their process, streamline the claims experience, and reduce quote times through automated processes.

Number of Podcasts1

EP 109 - Rethinking insurance premiums with IoT data - Graham Gordon, Product & Strategy Director, Sapiens

Friday, Dec 17, 2021

In this episode, we discuss how the insurance industry is using IoT data to more accurately assess risk and to customise insurance premiums. We also explore the challenges of applying data analytics to areas related to consumer health due to privacy concerns and to the long tail of B2B use cases due to complexity.

Our guest today is Graham Gordon, product and strategy director of Sapiens. Sapiens is a leading global provider of software and data solutions for the insurance industry.

IoT ONE is an IoT focused research and advisory firm. We provide research to enable you to grow in the digital age. Our services include market research, competitor information, customer research, market entry, partner scouting, and innovation programs. For more information, please visit iotone.com

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Overview

Sapiens

IoT Snapshot

Technology Stack

Case Studies

Podcasts