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Sapiens Introduces Next-Generation Enhancements for Life & Annuities Insurers with Updated IllustrationPro and ApplicationPro

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Sapiens International (NASDAQ: SPNS) has announced significant updates to its IllustrationPro and ApplicationPro solutions for life and annuity insurers. The enhanced IllustrationPro, a recent recipient of Celent's Luminary Award and two XCelent Awards, introduces advanced premium and face amount search capabilities, alongside a new Report Editor for IT-independent report modifications.

The upgraded ApplicationPro features new capabilities including Manager Review for compliance, AI-driven risk detection, and improved API integrations. These enhancements aim to accelerate underwriting, reduce errors, and streamline agent workflows.

IllustrationPro is a cloud-based solution supporting over 4,500 calculations for life, health, and annuity insurance, while ApplicationPro functions as a web-based eApp solution that reduces time-to-issue and eliminates Not in Good Order (NIGO) applications.

Sapiens International (NASDAQ: SPNS) ha annunciato aggiornamenti significativi alle sue soluzioni IllustrationPro e ApplicationPro per le compagnie di assicurazione sulla vita e le rendite. L'IllustrationPro potenziato, recentemente premiato con il Luminary Award di Celent e due XCelent Awards, introduce avanzate funzionalità di ricerca per premi e importi facciali, insieme a un nuovo Editor di Report per modifiche ai report indipendenti dall'IT.

L'ApplicationPro aggiornato presenta nuove funzionalità, tra cui la Revisione del Manager per la conformità, la rilevazione del rischio basata su AI e migliorate integrazioni API. Questi miglioramenti mirano ad accelerare il processo di sottoscrizione, ridurre gli errori e semplificare i flussi di lavoro degli agenti.

IllustrationPro è una soluzione basata su cloud che supporta oltre 4.500 calcoli per assicurazioni vita, salute e rendite, mentre ApplicationPro funge da soluzione eApp basata sul web che riduce i tempi di emissione ed elimina le domande Non in Buono Stato (NIGO).

Sapiens International (NASDAQ: SPNS) ha anunciado actualizaciones significativas a sus soluciones IllustrationPro y ApplicationPro para aseguradoras de vida y anualidades. El IllustrationPro mejorado, reciente ganador del Luminary Award de Celent y dos XCelent Awards, introduce avanzadas capacidades de búsqueda de primas y montos asegurados, junto con un nuevo Editor de Informes para modificaciones de informes independientes de TI.

La versión mejorada de ApplicationPro presenta nuevas capacidades, incluyendo la Revisión del Gerente para cumplimiento, detección de riesgos impulsada por IA y mejores integraciones de API. Estas mejoras tienen como objetivo acelerar la suscripción, reducir errores y optimizar los flujos de trabajo de los agentes.

IllustrationPro es una solución basada en la nube que admite más de 4,500 cálculos para seguros de vida, salud y anualidades, mientras que ApplicationPro funciona como una solución eApp basada en la web que reduce el tiempo de emisión y elimina las solicitudes No en Buen Estado (NIGO).

Sapiens International (NASDAQ: SPNS)는 생명 및 연금 보험사를 위한 IllustrationPro 및 ApplicationPro 솔루션에 대한 중요한 업데이트를 발표했습니다. 개선된 IllustrationPro는 Celent의 Luminary Award와 두 개의 XCelent Awards를 수상한 최신 버전으로, 고급 프리미엄 및 보험금 검색 기능을 도입하고 IT 독립적인 보고서 수정을 위한 새로운 보고서 편집기를 추가했습니다.

업그레이드된 ApplicationPro는 준수를 위한 관리자 검토, AI 기반의 위험 탐지 및 향상된 API 통합 등 새로운 기능을 제공합니다. 이러한 개선 사항은 인수 과정을 가속화하고 오류를 줄이며 에이전트의 작업 흐름을 간소화하는 것을 목표로 합니다.

IllustrationPro는 생명, 건강 및 연금 보험을 위한 4,500개 이상의 계산을 지원하는 클라우드 기반 솔루션이며, ApplicationPro는 발급 시간을 단축하고 부적격 신청서(NIGO)를 제거하는 웹 기반 eApp 솔루션으로 기능합니다.

Sapiens International (NASDAQ: SPNS) a annoncé des mises à jour significatives de ses solutions IllustrationPro et ApplicationPro pour les assureurs vie et rente. Le nouvel IllustrationPro, récemment lauréat du Luminary Award de Celent et de deux XCelent Awards, introduit des capacités de recherche avancées pour les primes et les montants d'assurance, ainsi qu'un nouvel Éditeur de Rapports pour des modifications de rapports indépendantes des TI.

La version améliorée d'ApplicationPro propose de nouvelles fonctionnalités, notamment une Révision par le Manager pour la conformité, une détection des risques basée sur l'IA et des intégrations API améliorées. Ces améliorations visent à accélérer le processus de souscription, à réduire les erreurs et à rationaliser les flux de travail des agents.

IllustrationPro est une solution basée sur le cloud qui prend en charge plus de 4 500 calculs pour les assurances vie, santé et rente, tandis qu'ApplicationPro fonctionne comme une solution eApp basée sur le web qui réduit le temps d'émission et élimine les demandes Non en Bon État (NIGO).

Sapiens International (NASDAQ: SPNS) hat bedeutende Aktualisierungen seiner Lösungen IllustrationPro und ApplicationPro für Lebens- und Rentenversicherer angekündigt. Das verbesserte IllustrationPro, das kürzlich mit dem Luminary Award von Celent und zwei XCelent Awards ausgezeichnet wurde, führt fortschrittliche Suchfunktionen für Prämien und Versicherungssummen ein, sowie einen neuen Berichtseditor für IT-unabhängige Berichtsanpassungen.

Das aktualisierte ApplicationPro bietet neue Funktionen, darunter die Manager-Überprüfung zur Einhaltung von Vorschriften, KI-gesteuerte Risikodetektion und verbesserte API-Integrationen. Diese Verbesserungen zielen darauf ab, die Risikoprüfung zu beschleunigen, Fehler zu reduzieren und die Arbeitsabläufe der Agenten zu optimieren.

IllustrationPro ist eine cloudbasierte Lösung, die über 4.500 Berechnungen für Lebens-, Gesundheits- und Rentenversicherungen unterstützt, während ApplicationPro als webbasierte eApp-Lösung fungiert, die die Bearbeitungszeit verkürzt und Anträge, die nicht in Ordnung sind (NIGO), eliminiert.

Positive
  • Integration of AI-driven risk detection capabilities
  • Enhanced automation and operational efficiency features
  • Reduced policy acquisition costs through improved ApplicationPro
  • Recent recognition with Celent's Luminary Award and two XCelent Awards
Negative
  • None.

Latest releases elevate automation, risk intelligence, and customization to drive seamless policy management and superior agent experience

ROCHELLE PARK, N.J., April 2, 2025 /PRNewswire/ -- Sapiens International Corporation (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced the latest release of Sapiens IllustrationPro and Sapiens ApplicationPro, which deliver cutting-edge enhancements designed to meet the evolving needs of insurers. Driven by industry trends and direct user feedback, the updates provide greater automation, risk intelligence, and operational efficiency to transform how agents and advisors illustrate policies to applicants, manage business users, and integrate with underwriting and sales platforms, optimizing the agent/advisor experience.

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As part of the new release, Sapiens IllustrationPro for Life & Annuities – a recipient of Celent's prestigious Luminary Award and two XCelent Awards – takes illustration capabilities to the next level. This update provides insurers with unprecedented flexibility, control, and intelligence in managing illustrations and integrating with underwriting and sales platforms. Advanced solve capabilities allow for greater customization of premium and face amount searches, and a powerful new Report Editor enables effortless modifications to reports without IT intervention. Enhanced APIs and deep-linking functionality streamline workflows, ensuring a seamless and connected experience for agents and advisors.

With the latest release of ApplicationPro for Life & Annuities, insurers benefit from a more streamlined, compliant, and user-friendly process that enhances automation, risk assessment, and policy change management. New features such as Manager Review for oversight and compliance, AI-driven risk detection, and seamless API integrations empower insurers to accelerate underwriting, reduce errors, and improve agent efficiency. The upgraded user management interface simplifies administration, eliminating manual configurations and offering real-time access to application data.

"By continuously evolving our solutions, we enable insurers to meet market demands with agility, efficiency, and confidence," said Roni Al-Dor, President and CEO of Sapiens. "The latest releases of IllustrationPro and ApplicationPro reinforce our commitment to innovation, providing insurers with the tools to drive superior agent and customer experiences while optimizing their operations."

Both solutions are now available, empowering insurers to modernize their digital ecosystems and enhance operational performance.

Sapiens IllustrationPro is an award-winning, cloud-based illustration and quoting solution that delivers a fast, intuitive experience for advisors. Powered by a robust calculation engine, it supports complex new business and in-force illustrations with a library of more than 4,500 calculations for life, health, and annuity insurance.

Sapiens ApplicationPro is an award-winning, web-based eApp solution available as a modular, standalone system or seamlessly integrated with Sapiens Insurance Platform. It enhances efficiency by reducing time-to-issue, eliminating Not in Good Order (NIGO) applications, and lowering policy acquisition costs.

About Sapiens 

Sapiens International Corporation (NASDAQ and TASE: SPNS) is a global leader in intelligent insurance SaaS-based software solutions. With Sapiens' robust platform, customer-driven partnerships, and rich ecosystem, insurers are empowered to future-proof their organizations with operational excellence in a rapidly changing marketplace. Our SaaS- based Solutions help insurers harness the power of AI and advanced automation to support core solutions for property and casualty, workers' compensation, and life insurance, including reinsurance, financial & compliance, data & analytics, digital, and decision management. Sapiens boasts a longtime global presence, serving over 600 customers in more than 30 countries with its innovative offerings. Recognized by industry experts and selected for the Microsoft Top 100 Partner program, Sapiens is committed to partnering with our customers for their entire transformation journey and is continuously innovating to ensure their success. For more information visit https://sapiens.com or follow us on LinkedIn

Investor and Media Contact :
Yaffa Cohen-Ifrah
Sapiens Chief Marketing Officer and Head of Investor Relations
Email: Yaffa.cohen-ifrah@sapiens.com 

Forward Looking Statements

Certain matters discussed in this press release that are incorporated herein and therein by reference are forward-looking statements within the meaning of Section 27A of the Securities Act, Section 21E of the Exchange Act and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, that are based on our beliefs, assumptions and expectations, as well as information currently available to us. Such forward-looking statements may be identified by the use of the words "anticipate," "believe," "estimate," "expect," "may," "will," "plan" and similar expressions. Such statements reflect our current views with respect to future events and are subject to certain risks and uncertainties. There are important factors that could cause our actual results, levels of activity, performance or achievements to differ materially from the results, levels of activity, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to:  the degree of our success in our plans to leverage our global footprint to grow our sales; the degree of our success in integrating the companies that we have acquired through the implementation of our M&A growth strategy; the lengthy development cycles for our solutions, which may frustrate our ability to realize revenues and/or profits from our potential new solutions; our lengthy and complex sales cycles, which do not always result in the realization of revenues; the degree of our success in retaining our existing customers or competing effectively for greater market share; the global macroeconomic environment, including headwinds caused by inflation, relatively high interest rates, potentially unfavorable currency exchange rate movements, and uncertain economic conditions, and their impact on our revenues, profitability and cash flows; difficulties in successfully planning and managing changes in the size of our operations; the frequency of the long-term, large, complex projects that we perform that involve complex estimates of project costs and profit margins, which sometimes change mid-stream; the challenges and potential liability that heightened privacy laws and regulations pose to our business; occasional disputes with clients, which may adversely impact our results of operations and our reputation; various intellectual property issues related to our business; potential unanticipated product vulnerabilities or cybersecurity breaches of our or our customers' systems; risks related to the insurance industry in which our clients operate; risks associated with our global sales and operations, such as changes in regulatory requirements, wide-spread viruses and epidemics like the coronavirus epidemic,  and fluctuations in currency exchange rates; and risks related to our principal location in Israel and our status as a Cayman Islands company.

While we believe such forward-looking statements are based on reasonable assumptions, should one or more of the underlying assumptions prove incorrect, or these risks or uncertainties materialize, our actual results may differ materially from those expressed or implied by the forward-looking statements. Please read the risks discussed under the heading "Risk Factors" in our Annual Report on Form 20-F for the year ended December 31, 2023, to be filed in the near future, in order to review conditions that we believe could cause actual results to differ materially from those contemplated by the forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or will occur. Except as required by law, we undertake no obligation to update publicly any forward-looking statements for any reason, to conform these statements to actual results or to changes in our expectations.

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SOURCE Sapiens International Corporation

FAQ

What new features does Sapiens SPNS IllustrationPro 2025 update include?

The 2025 update includes advanced solve capabilities for premium and face amount searches, a new Report Editor for IT-independent modifications, enhanced APIs, and deep-linking functionality for streamlined workflows.

How many calculations does Sapiens SPNS IllustrationPro support for insurance products?

Sapiens IllustrationPro supports over 4,500 calculations covering life, health, and annuity insurance products.

What are the key improvements in Sapiens SPNS ApplicationPro's latest release?

The latest release includes Manager Review for oversight, AI-driven risk detection, improved API integrations, and an upgraded user management interface for simplified administration.

How does Sapiens SPNS ApplicationPro improve operational efficiency?

ApplicationPro enhances efficiency by reducing time-to-issue, eliminating Not in Good Order (NIGO) applications, and lowering overall policy acquisition costs.

What awards has Sapiens SPNS IllustrationPro recently received?

Sapiens IllustrationPro has received Celent's Luminary Award and two XCelent Awards.
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