Sapiens Interntl - SPNS STOCK NEWS

Sapiens International Corporation (NASDAQ: SPNS) has announced Encova Insurance's upgrade of the Sapiens CoreSuite for Workers' Compensation platform. This enhancement aims to leverage cutting-edge technologies while ensuring compliance with industry standards. Encova, a super-regional carrier, operates through over 2,000 independent agencies across 28 states and D.C., with premiums exceeding $1 billion and a surplus above $1.96 billion. The upgrade is expected to improve automation, speed up digital technology adoption, and enable quick adaptation to regulatory changes.

Sapiens International Corporation (NASDAQ: SPNS) reported strong Q1 2022 results, with non-GAAP revenue of $117.7 million, a 6.8% increase from Q1 2021. Gross profit rose 7.5% to $52.9 million, and net income surged 41.6% to $13.9 million, delivering a diluted EPS of $0.25. The company reaffirmed its 2022 revenue guidance of $495 million to $500 million and will implement semi-annual dividends beginning with $0.47 per share, reflecting confidence in cash flow. CEO Roni Al-Dor emphasized ongoing growth in Europe and the APAC regions.

Sapiens International Corporation (NASDAQ: SPNS) will participate in the 17th Annual Needham Technology & Media Conference on May 16, 2022. The company's management will conduct virtual one-on-one meetings and host a fireside chat at 9:30 AM Eastern Time. Sapiens, a global provider of software solutions for the insurance industry, has over 35 years of experience and serves more than 600 organizations. For more details on the conference or to schedule meetings, attendees can contact their Needham representatives.

Sapiens International Corporation (NASDAQ: SPNS) and Mindtree have formed a partnership aimed at enhancing digital transformation within the insurance industry. The collaboration will leverage Sapiens' cloud-native insurance applications alongside Mindtree's expertise to improve market speed and customer satisfaction. Initially focused on North America, the partnership seeks to expand into Europe and Asia. Leaders from both companies highlighted the partnership's potential to foster innovation and streamline processes for insurers, thereby facilitating growth and efficiency.

Sapiens International Corporation (NASDAQ: SPNS) will report its first quarter 2022 financial results on May 3, 2022. The company will host a conference call and webcast at 9:30 a.m. Eastern Time to discuss the results. With over 35 years of experience, Sapiens provides software solutions for the insurance industry, serving over 600 clients in 30 countries. Their offerings support digital transformation in the financial sector, ensuring comprehensive services across various insurance markets.

Sapiens International Corporation (NASDAQ: SPNS) has strengthened its partnership with Hollard Insurance to enhance Hollard's digital strategy using Sapiens' cloud-native, low-code DigitalSuite. This modernization aims to digitize products and improve customer journeys while maintaining legacy systems. The project utilizes Microsoft Azure and includes Sapiens Journey & Form Composer and API Conductor. Hollard's pilot for an Accident & Health Product marks a significant growth opportunity. Sapiens emphasizes the potential for cost savings and improved broker engagement as key benefits of this collaboration.

Sapiens International Corporation (NASDAQ: SPNS) announced its partnership with Guardian Group, a $1 billion carrier in the Caribbean, to implement its customer acquisition solutions for life and health operations. The deployment includes Sapiens IllustrationPro and ApplicationPro, enhancing the agent experience and streamlining underwriting processes. This integration aims to improve agent engagement, reduce policy acquisition costs, and accelerate time-to-market for products. Guardian's COO highlighted the partnership's strategic importance for enhancing customer engagement and increasing sales.

Sapiens International Corporation (NASDAQ:SPNS) announced that Applied Underwriters, Inc.® selected its Sapiens ReinsurancePro solution to automate and enhance their reinsurance administration processes. This transition from a legacy system to a streamlined platform aims to improve accuracy and efficiency in underwriting and reporting. Sapiens ReinsurancePro supports various types of reinsurance activities, allowing for comprehensive financial control and compliance management. The partnership reflects Applied Underwriters' commitment to growth and innovation in risk management services.

Sapiens International Corporation N.V. (NASDAQ: SPNS) has submitted its annual report on Form 20-F for the fiscal year ending December 31, 2021, to the U.S. SEC. This report includes audited financial statements and is accessible via the SEC website and the company’s investor relations page. Shareholders can request a hard copy of the report for free. Sapiens specializes in software solutions for the insurance sector, offering a comprehensive digital platform with over 600 customers worldwide.