Sapiens Recognized as a Leader in 2021 Gartner® Magic Quadrant™ for Life Insurance Policy Administration Systems, Europe
Sapiens recognized for completeness of vision and ability to execute
Sapiens International Corporation (NASDAQ and TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that Sapiens was positioned as a Leader in 2021 Gartner Magic Quadrant for Life Insurance Policy Administration Systems, Europe*. Sapiens was recognized for its completeness of vision and ability to execute.
Sapiens CoreSuite supports multiple lines of business for both individual and group life, retirements, investments, medical and protection products ‒ in a single, end-to-end system. It offers a 360-degree view of the customer from the policy administration system, across all distribution channels and communication streams. CoreSuite helps insurers accelerate time to market with streamlined and simplified business processes, and open architecture. The suite now offers one-click, cloud-native architecture for quick and easy provisioning, security and scale.
“We are once again honored to be named as a Leader in 2021 Gartner Magic Quadrant report. We believe Sapiens CoreSuite and comprehensive managed services, as well as our deep understanding of the changes reshaping the insurance industry have positioned us to empower our customers to address their current and future needs,” said Roni Al-Dor, President and CEO, Sapiens.
“Through our R&D investments, we provide our customers with a highly configurable solution to accelerate the speed of changes, coupling core administration capabilities with modern digital and data solutions. Sapiens empowers insurers of all sizes to better serve their customers and successfully achieve digital transformation. We are proud of our innovative ability to ensure our customers have the advantage of long-term sustainability and profitability,” Al-Dor said.
The Magic Quadrant reports are a culmination of rigorous, fact-based research in specific markets, providing a wide-angle view of the relative positions of the providers in markets where growth is high and provider differentiation is distinct. Providers are positioned into four quadrants: Leaders, Challengers, Visionaries and Niche Players. The research enables you to get the most from market analysis in alignment with your unique business and technology needs.
* Source: Gartner, “Magic Quadrant for Life Insurance Policy Administration Systems, Europe,” Laurie Shotton, Rajesh Narayan, 21 September 2021
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