Sapiens Companions with Insurtech Market Participant Intellagents to Broaden its P&C Ecosystem – PR Newswire

August 17, 2022 By admin

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16 Aug, 2022, 13:20 IDT
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The partnership with Intellagents, a FatBrain AI firm, creates opulent alternatives for P&C prospects
RALEIGH, N.C., Aug. 16, 2022 /PRNewswire/ — Sapiens Worldwide Company, (NASDAQ: SPNS) (TASE: SPNS), a number one world supplier of software program options for the insurance coverage business, introduced at present an settlement with Intellagents, a no-code, hybrid cloud, impartial insurance coverage market platform supplier.
The partnership expands the Sapiens CoreSuite for P&C ecosystem and connects brokers and insurers to a brand new digital market with best-in-class insurtech options, knowledge sources, AI suppliers and extra. The brand new resolution eliminates the expensive friction of integrating legacy and trendy techniques and orchestrates agile and environment friendly efficiency over a single dynamic API market.
"We’re happy to associate with Sapiens. A part of our success is because of our diligence in bringing collectively tried-and-true applied sciences and providers so customers may be assured they’re working with safe purposes from reliable, secure distributors. We sit up for working with Sapiens to equip its P&C options with unprecedented attain," says Mark Stender, CEO of Intellagents.
The partnership grants insurers entry to a whole lot of information and insurtech suppliers and thus lowering insurance coverage cycle occasions, growing effectivity, and collaborating transparently whereas enhancing consumer expertise.
"Sapiens is extremely excited to announce this partnership. {The marketplace} is huge and for our prospects, it means the power to leverage all of the best-in-class insurtech applied sciences with out having to embark on expensive, time-consuming integration tasks," says Jamie Yoder, Sapiens President & Normal Supervisor, North America.
Intellagents’ platform will combine with Sapiens CoreSuite for P&C resolution to ship an enormous knowledge market on a single adapter, thereby eliminating the necessity to construct extra integrations for brand new interfaces. Sapiens CoreSuite for P&C is a customer-centric, low-code enterprise suite that empowers insurers to quickly meet evolving enterprise and buyer wants.
About Intellagents
Based in 2019, Intellagents is the one no-code, hybrid cloud, impartial insurance coverage integration platform, connecting brokers, insurers, and new digital marketplaces and ecosystems with best-in-class insurtech options, knowledge, and AI suppliers, core and legacy techniques to energy "Actual Change" within the insurance coverage business. Intellagents removes the expensive friction of integrating previous and new options, and orchestrates agile, environment friendly efficiency via one dynamic API market. www.intellagents.com
About Sapiens
Sapiens Worldwide Company (NASDAQ: SPNS) (TASE: SPNS) empowers the monetary sector, with a give attention to insurance coverage, to rework and turn into digital, progressive and agile. Backed by greater than 35 years of business experience, Sapiens gives an entire insurance coverage platform, with pre-integrated, low-code options and a cloud-first strategy that accelerates prospects’ digital transformation. Serving over 600 prospects in 30 nations, Sapiens gives insurers throughout property and casualty, employees compensation and life and pension markets, probably the most complete set of options, from core to complementary, together with Reinsurance, Monetary & Compliance, Knowledge & Analytics, Digital, and Resolution Administration. For extra info go to www.sapiens.com or observe us on LinkedIn.
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Shay Assaraf
Chief of Advertising, Sapiens
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Dina Vince
Head of Investor Relations, Sapiens
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Sure issues mentioned on this press launch which are included herein by reference are forward-looking statements inside the that means of Part 27A of the Securities Act, Part 21E of the Trade Act and the secure harbor provisions of the U.S. Personal Securities Litigation Reform Act of 1995, which are based mostly on our beliefs, assumptions and expectations, in addition to info at the moment out there to us. Such forward-looking statements could also be recognized by means of the phrases "anticipate," "imagine," "estimate," "count on," "could," "will," "plan" and related expressions. Such statements replicate our present views with respect to future occasions and are topic to pandemic dangers and uncertainties. There are necessary elements that might trigger our precise outcomes, ranges of exercise, efficiency or achievements to vary materially from the outcomes, ranges of exercise, efficiency or achievements expressed or implied by the forward-looking statements, together with, however not restricted to: the diploma of our success in our plans to leverage our world footprint to develop our gross sales; the diploma of our success in integrating the businesses that we’ve got acquired via the implementation of our M&A development technique; the prolonged improvement cycles for our options, which can frustrate our capacity to understand revenues and/or income from our potential new options; our prolonged and complicated gross sales cycles, which don’t all the time consequence within the realization of revenues; the diploma of our success in retaining our current prospects or competing successfully for larger market share; difficulties in efficiently planning and managing adjustments within the measurement of our operations; the frequency of the long-term, giant, advanced tasks that we carry out that contain advanced estimates of mission prices and revenue margins, which typically change mid-stream; the challenges and potential legal responsibility that heightened privateness legal guidelines and laws pose to our enterprise; occasional disputes with shoppers, which can adversely affect our outcomes of operations and our status; varied mental property points associated to our enterprise; potential unanticipated product vulnerabilities or cybersecurity breaches of our or our prospects’ techniques; dangers associated to the insurance coverage business through which our shoppers function; dangers related to our world gross sales and operations, similar to adjustments in regulatory necessities, wide-spread viruses and epidemics just like the current novel coronavirus pandemic, which adversely affected our outcomes of operations, or fluctuations in forex alternate charges; and dangers associated to our principal location in Israel and our standing as a Cayman Islands firm.
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