Sapiens International Corporation N.V.


Business Description

Sapiens International Corporation N.V. (Sapiens), a part of Formula Systems, provides information technology (IT) solutions to insurance and other companies. It has operational presence across, North America, Europe, Africa and Asia Pacific.

The company's insurance software solutions include life, pension, annuity and retirement (L&P) solutions; property and casualty (P&C) insurance solutions; Sapiens Decision Management solutions; workers’ compensation and financial and compliance.

Sapiens' offers cloud and API-based digital insurance platform. Its platforms for life and annuity includes Sapiens CoreSuite, Sapiens Illustration Pro, Sapiens Customer Connect, Sapiens DigitalHub, Sapiens Underwriting Pro and Sapiens Application Pro. Its platform for property and casualty comprises Sapiens Core Suite, Digital Suite and IDIT Suite. Sapiens’ reinsurance solutions include Sapiens Reinsurance Pro, Sapiens Reinsurance Master, and Sapiens Reinsurance Go.

The company’s provides decision management solutions for consumer and commercial banking, mortgage banking, investment banking, insurance and government sectors. Its business services include business transformation and digital transformation services. The company's workers’ compensation suites comprise Sapiens CoreSuite for Workers’ Compensation formerly known as StoneRiver PowerSuite and Sapiens GO formerly known as StoneRiver CompSuite.

Geographically, Sapiens classifies its operations into four regions, namely North America, Europe, and Rest of the World. In FY2020, the North America region accounted for 48.9% of the company's total revenues, followed by Europe with 45.1%, and the remaining 6% was contributed by Rest of the world.